Funding you earn now, next payment 04:00 UTC+0.1186%/8h= +129.9% APRpaid last 24h +0.064%
Price spread now: Binance against Bitget−0.121%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1011.012% of the position
Funding, last 7 days+0.462%+$46 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.121%, 7d avg −0.003%
=Funding pays, the price is against you. Binance is 0.118% cheaper against Bitget than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.003%). If the spread goes back, that is −$12 on $10k: about 8 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.462% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.462% in total (about 24.1% a year). A funding rate is set anew for every payment. 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 POPMARTUSDT | 19.774 | 0 | get 0.0000% / 8h | 4h 43m | $465K | $66K | 20x |
| Short | Binance POPMARTUSDT | 19.750 | 0.1186 | get 0.0593% / 4h | 43m 30s | $1.4M | $492K | 25x |
Bitget POPMARTUSDT
Binance POPMARTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $249.14
- Price spread: −0.121% → −0.003%
- −$11.81
- Slippage, 4 orders
- −$79.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $136.09
- Costs to cover
- 1.012%
- Break-even
- 3.2 days
Slippage from Bitget: live order book, 7 min ago; Binance: live order book, 4 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, 7 min ago | 9.85 bp | 44.4 bp −$44 | 56.7 bp −$567 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.53 bp | 17.1 bp −$17 | 89.6 bp −$896 | doesn't fit | doesn't fit |
POPMART on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit POPMARTUSDT | 0.0000% | 8h | 19.740 | −0.172% | $57K | $3K | 25x | as long as short |
| Gate POPMART_USDT | 0.0000% | 8h | 19.816 | +0.212% | $292K | $16K | 20x | as long as short |
| Bitget POPMARTUSDTlong | 0.0000% | 8h | 19.774 | long leg | $465K | $66K | 20x | |
| HTX POPMART-USDT | 0.0000% | 4h | 19.760 | −0.071% | $7K | $7K | 10x | as long as short |
| Lighter POPMART | +0.0032% | 1h | 19.739 | −0.177% | — | — | 10x | as long as short |
| OKX POPMART-USDT-SWAP | +0.0215% | 8h | 19.760 | −0.071% | $278K | $83K | 20x | as long as short |
| Aster POPMARTUSDT | +0.0450% | 8h | 19.754 | −0.101% | $17K | $4K | 20x | as long as short |
| KuCoin POPMARTUSDTM | +0.0796% | 4h | 19.740 | −0.172% | $30K | $48K | 20x | as long as short |
| Binance POPMARTUSDTshort | +0.1186% | 4h | 19.750 | −0.121% | $1.4M | $492K | 25x | |
| edgeX POPMARTUSDC | +0.1630% | 4h | 19.752 | −0.114% | $200K | $236K | 10x | as long as short |
Bybit POPMARTUSDT
Gate POPMART_USDT
HTX POPMART-USDT
Lighter POPMART
OKX POPMART-USDT-SWAP
Aster POPMARTUSDT
KuCoin POPMARTUSDTM
edgeX POPMARTUSDC