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: Bitget against Bybit−0.612%7-day average −0.271% · you buy dearer than you sell
Net, funding: paid 7d − costs−$549as in the Funding arb table
Net, price: spread back to 7d avg − costs−$587as in the Price arb table
costs, in and out, $10k−$5535.534% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.564%+$56 · spread now −0.612%, 7d avg −0.271%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.341% cheaper against Bybit than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.271%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMICUSDT | 8.5000 | 0 | get 0.0000% / 8h | 5h 32m | $133K | $65K | 20x |
| Short | Bitget SMICUSDT | 8.4480 | 0 | get 0.0000% / 8h | 5h 32m | $404K | $166K | 5x |
Bybit SMICUSDT
Bitget SMICUSDTFunding 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
- $0
- Price spread: −0.612% → −0.271%
- −$34.06
- Slippage, 4 orders
- −$530.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$587.5
- Costs to cover
- 5.534%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 12 min ago; Bitget: live order book, 23 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, 12 min ago | 5.89 bp | 226.6 bp −$227 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 23 min ago | 10.01 bp | 21.8 bp −$22 | 24.1 bp −$241 | 121.9 bp −$12.2K | 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 SMICUSDTlong | 0.0000% | 8h | 8.5000 | long leg | $133K | $65K | 20x | |
| Bitget SMICUSDTshort | 0.0000% | 8h | 8.4480 | −0.612% | $404K | $166K | 5x | |
| HTX SMIC-USDT | 0.0000% | 8h | 8.4810 | −0.224% | $13K | $338K | 20x | as long as short |
| Lighter SMIC | +0.0032% | 1h | 8.4901 | −0.116% | $33K | $50K | 10x | as long as short |
| Gate SMIC_USDT | +0.1092% | 8h | 8.5550 | +0.647% | $177K | $28K | 20x | as long as short |
HTX SMIC-USDT
Lighter SMIC
Gate SMIC_USDT