Funding you earn now, next payment 08:00 UTC+0.0289%/8h= +31.6% APRnext payment +$2.89 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.148%7-day average −0.203% · you buy dearer than you sell
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$3163.155% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now −0.148%, 7d avg −0.203%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.055% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.203%. Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.89 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 PURRUSDT | 13.501 | −0.0289 | get 0.0289% / 8h | 1h 06m | $386K | $1.9M | 20x |
| Short | Bybit PURRUSDT | 13.481 | 0 | get 0.0000% / 8h | 1h 06m | $575K | $875K | 25x |
Bitget PURRUSDT
Bybit PURRUSDTFunding 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
- $60.69
- Price spread: −0.148% → −0.203%
- $5.45
- Slippage, 4 orders
- −$292.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$249.39
- Costs to cover
- 3.155%
- Break-even
- 35.8 days
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 34 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, 1 min ago | 24.08 bp | 80.1 bp −$80 | 97.7 bp −$977 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 34 min ago | 7.83 bp | 89.7 bp −$90 | 857.7 bp −$8,577 | doesn't fit | doesn't fit |
PURR on 8 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 PURRUSDTlong | −0.0289% | 8h | 13.501 | long leg | $386K | $1.9M | 20x | |
| Bybit PURRUSDTshort | 0.0000% | 8h | 13.481 | −0.148% | $575K | $875K | 25x | |
| OKX PURR-USDT-SWAP | 0.0000% | 8h | 13.490 | −0.081% | $600K | $1.3M | 20x | as long as short |
| QFEX PURR-USD | 0.0000% | 1h | 13.450 | −0.378% | $1.3M | $1.7M | 10x | as long as short |
| Gate PURR_USDT | 0.0000% | 8h | 13.483 | −0.133% | $52K | $10K | 20x | as long as short |
| HTX PURR-USDT | 0.0000% | 1h | 13.535 | +0.252% | $7K | $342K | 20x | as long as short |
| Ondo Perps PURR-USD.P | +0.0361% | 1h | 13.482 | −0.141% | $9K | $55K | 5x | as long as short |
| Extended PURR-USD | +0.1576% | 1h | 13.496 | −0.033% | $193K | $242K | 10x | as long as short |
OKX PURR-USDT-SWAP
QFEX PURR-USD
Gate PURR_USDT
HTX PURR-USDT
Ondo Perps PURR-USD.P
Extended PURR-USD