Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.817%7-day average +0.268% · you sell dearer than you buy
Net, funding: paid 7d − costs−$426as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$4214.214% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.974%−$97 · spread now +0.817%, 7d avg +0.268%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.550% dearer against Bitget than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of +0.268%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SMICUSDT | 8.4410 | 0 | get 0.0000% / 8h | 6h 24m | $455K | $156K | 5x |
| Short | Bybit SMICUSDT | 8.5100 | 0 | get 0.0000% / 8h | 6h 24m | $135K | $66K | 20x |
Bitget SMICUSDT
Bybit SMICUSDTFunding 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
- $0
- Price spread: +0.817% → +0.268%
- $54.99
- Slippage, 4 orders
- −$398.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$366.37
- Costs to cover
- 4.214%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 36 min ago; Bybit: live order book, 25 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, 36 min ago | 9.47 bp | 27.6 bp −$28 | 30.6 bp −$306 | 92.0 bp −$9,197 | doesn't fit |
| Sell Bybit live order book, 25 min ago | 17.55 bp | 175.1 bp −$175 | doesn't fit | doesn't fit | doesn't fit |
SMIC on 5 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 SMICUSDTshort | 0.0000% | 8h | 8.5100 | +0.817% | $135K | $66K | 20x | |
| Bitget SMICUSDTlong | 0.0000% | 8h | 8.4410 | long leg | $455K | $156K | 5x | |
| HTX SMIC-USDT | 0.0000% | 8h | 8.4910 | +0.592% | $13K | $340K | 20x | as long as short |
| Lighter SMIC | +0.0032% | 1h | 8.4819 | +0.485% | $33K | $50K | 10x | as long as short |
| Gate SMIC_USDT | +0.2214% | 8h | 8.5820 | +1.670% | $177K | $28K | 20x | as long as short |
HTX SMIC-USDT
Lighter SMIC
Gate SMIC_USDT