Funding you earn now, next payment 08:00 UTC−0.1049%/8h= −114.9% APRnext payment −$10.49 per $10,000 · paid last 24h +0.042%
Price spread now: Bitget against Bybit−0.568%7-day average +0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$761as in the Price arb table
costs, in and out, $10k−$6836.834% of the position
Funding, last 22 hours (all we have)+0.043%+$4 on $10k
+Price spread, last 18 hours (all we have)+0.659%+$66 · spread now −0.568%, 7d avg +0.211%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bitget is 0.779% cheaper against Bybit than usual: you would sell low and buy high (−$78 if the spread goes back to its 7-day average of +0.211%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 22 hours it paid 0.043% in total (about 16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.49 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 | Bybit SECZUSDT | 13.728 | 0 | get 0.0000% / 8h | 1h 58m | $42K | $484K | 25x |
| Short | Bitget SECZUSDT | 13.650 | −0.1049 | pay 0.1049% / 8h | 1h 58m | $32K | $254K | 20x |
Bybit SECZUSDT
Bitget SECZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$220.29
- Price spread: −0.568% → +0.211%
- −$77.92
- Slippage, 4 orders
- −$660.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$981.63
- Costs to cover
- 6.834%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 32 min ago; Bitget: live order book, 13 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 Bybit live order book, 32 min ago | 7.40 bp | 263.7 bp −$264 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 13 min ago | 43.95 bp | 165.2 bp −$165 | 170.7 bp −$1,707 | 274.5 bp −$27.4K | doesn't fit |
SECZ on 3 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 SECZUSDTshort | −0.1049% | 8h | 13.650 | −0.568% | $32K | $254K | 20x | |
| Bybit SECZUSDTlong | 0.0000% | 8h | 13.728 | long leg | $42K | $484K | 25x | |
| QFEX SECZ-USD | 0.0000% | 1h | 13.710 | −0.131% | $168K | $72K | 10x | as long as short |
QFEX SECZ-USD