Funding you earn now, next payment 08:00 UTC+0.0539%/8h= +59.1% APRnext payment +$5.39 per $10,000 · paid last 24h +0.088%
Price spread now: Binance against Bitget−0.009%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 2 days (all we have)−0.019%−$2 · spread now −0.009%, 7d avg +0.022%
=Funding pays, the price is against you. Binance is 0.031% cheaper against Bitget than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.022%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.120% in total) that is about 43 hours.
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 +$5.39 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 SNOWUSDT | 340.21 | 0 | get 0.0000% / 8h | 7h 11m | $306K | $161K | 20x |
| Short | Binance SNOWUSDT | 340.18 | 0.0539 | get 0.0539% / 8h | 7h 11m | $737K | $800K | 25x |
Bitget SNOWUSDT
Binance SNOWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $113.26
- Price spread: −0.009% → +0.022%
- −$3.07
- Slippage, 4 orders
- −$104.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$16.24
- Costs to cover
- 1.264%
- Break-even
- 8.0 days
Slippage from Bitget: live order book, 53 min ago; Binance: live order book, 21 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, 53 min ago | 9.15 bp | 25.2 bp −$25 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Binance live order book, 21 min ago | 1.62 bp | 31.0 bp −$31 | 89.4 bp −$894 | 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 | 335.89 | −1.270% | $7K | $99 | 12x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 340.26 | +0.015% | $100K | $243K | 20x | as long as short |
| Bitget SNOWUSDTlong | 0.0000% | 8h | 340.21 | long leg | $306K | $161K | 20x | |
| HTX SNOW-USDT | 0.0000% | 8h | 340.08 | −0.038% | $8K | $39K | 10x | as long as short |
| OKX SNOW-USDT-SWAP | +0.0043% | 8h | 340.12 | −0.026% | $293K | $134K | 20x | as long as short |
| Variational Omni SNOW | +0.0460% | 8h | 340.00 | −0.063% | $59K | $59K | — | as long as short |
| Binance SNOWUSDTshort | +0.0539% | 8h | 340.18 | −0.009% | $737K | $800K | 25x | |
| Bybit SNOWUSDT | +0.1282% | 8h | 340.15 | −0.018% | $722K | $1.6M | 25x | as long as short |
Injective SNOW/USDC PERP
Gate SNOW_USDT
HTX SNOW-USDT
OKX SNOW-USDT-SWAP
Variational Omni SNOW
Bybit SNOWUSDT