Funding you earn now, next payment 08:00 UTC+0.1472%/8h= +161.2% APRnext payment +$14.72 per $10,000 · paid last 24h +0.136%
Price spread now: Bybit against Bitget+0.238%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$394as in the Funding arb table
Net, price: spread back to 7d avg − costs−$387as in the Price arb table
costs, in and out, $10k−$4124.124% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now +0.238%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Bybit is 0.257% dearer against Bitget than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.187% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget POETUSDT | 8.4090 | −0.0011 | get 0.0011% / 8h | 3h 01m | $268K | $82K | 20x |
| Short | Bybit POETUSDT | 8.4290 | 0.1461 | get 0.1461% / 8h | 3h 01m | $210K | $291K | 25x |
Bitget POETUSDT
Bybit POETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $309.2
- Price spread: +0.238% → −0.019%
- $25.7
- Slippage, 4 orders
- −$389.36
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.46
- Costs to cover
- 4.124%
- Break-even
- 8.8 days
Slippage from Bitget: live order book, 44 min ago; Bybit: live order book, 43 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 44 min ago | 0.59 bp | 6.6 bp −$7 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 43 min ago | 8.23 bp | 142.9 bp −$143 | doesn't fit | doesn't fit | doesn't fit |
POET on 4 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POETUSDTlong | −0.0011% | 8h | 8.4090 | long leg | $268K | $82K | 20x | |
| KuCoin POETUSDTM | +0.0100% | 8h | 8.4300 | +0.250% | $57K | $117K | 20x | as long as short |
| OKX POET-USDT-SWAP | +0.0272% | 8h | 8.4350 | +0.309% | $162K | $208K | 10x | as long as short |
| Bybit POETUSDTshort | +0.1461% | 8h | 8.4290 | +0.238% | $210K | $291K | 25x |
KuCoin POETUSDTM
OKX POET-USDT-SWAP