Funding you earn now, next payment 08:00 UTC−0.0460%/8h= −50.4% APRnext payment −$4.60 per $10,000 · paid last 24h −0.088%
Price spread now: Bitget against Binance−0.185%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1261.256% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 2 days (all we have)+0.277%+$28 · spread now −0.185%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.161% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.60 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 | Binance SNOWUSDT | 340.68 | 0.0460 | pay 0.0460% / 8h | 3h 56m | $744K | $754K | 25x |
| Short | Bitget SNOWUSDT | 340.05 | 0 | get 0.0000% / 8h | 3h 56m | $310K | $162K | 20x |
Binance SNOWUSDT
Bitget SNOWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$96.59
- Price spread: −0.185% → −0.024%
- −$16.11
- Slippage, 4 orders
- −$103.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$238.32
- Costs to cover
- 1.256%
- Break-even
- never at this rate
Slippage from Binance: live order book, 65 min ago; Bitget: live order book, 53 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 Binance live order book, 65 min ago | 3.67 bp | 27.7 bp −$28 | 90.9 bp −$909 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 53 min ago | 11.46 bp | 38.9 bp −$39 | 80.7 bp −$807 | doesn't fit | doesn't fit |
SNOW 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNOW/USDC PERP | −0.0220% | 1h | 336.87 | −1.118% | $7K | $95 | 12x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 340.77 | +0.026% | $101K | $230K | 20x | as long as short |
| Bitget SNOWUSDTshort | 0.0000% | 8h | 340.05 | −0.185% | $310K | $162K | 20x | |
| HTX SNOW-USDT | 0.0000% | 8h | 340.68 | 0.000% | $8K | $40K | 10x | as long as short |
| OKX SNOW-USDT-SWAP | +0.0064% | 8h | 340.80 | +0.035% | $330K | $169K | 20x | as long as short |
| Variational Omni SNOW | +0.0374% | 8h | 340.44 | −0.072% | $60K | $61K | — | as long as short |
| Bybit SNOWUSDT | +0.0412% | 8h | 340.71 | +0.009% | $721K | $553K | 25x | as long as short |
| Binance SNOWUSDTlong | +0.0460% | 8h | 340.68 | long leg | $744K | $754K | 25x |
Injective SNOW/USDC PERP
Gate SNOW_USDT
HTX SNOW-USDT
OKX SNOW-USDT-SWAP
Variational Omni SNOW
Bybit SNOWUSDT