Funding you earn now, next payment 08:00 UTC+0.0401%/8h= +43.9% APRnext payment +$4.01 per $10,000 · paid last 24h +0.086%
Price spread now: Bybit against Bitget+0.100%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2582.581% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.100%, 7d avg +0.084%
=The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.01 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 | 340.05 | 0 | get 0.0000% / 8h | 4h 00m | $310K | $163K | 20x |
| Short | Bybit SNOWUSDT | 340.39 | 0.0401 | get 0.0401% / 8h | 4h 00m | $721K | $617K | 25x |
Bitget SNOWUSDT
Bybit SNOWUSDTFunding 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
- $84.26
- Price spread: +0.100% → +0.084%
- $1.57
- Slippage, 4 orders
- −$235.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$172.32
- Costs to cover
- 2.581%
- Break-even
- 21.3 days
Slippage from Bitget: live order book, 50 min ago; Bybit: live order book, 30 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, 50 min ago | 11.46 bp | 17.7 bp −$18 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 30 min ago | 1.91 bp | 121.2 bp −$121 | 220.6 bp −$2,206 | 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 | −0.935% | $7K | $99 | 12x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 340.39 | +0.100% | $101K | $234K | 20x | as long as short |
| Bitget SNOWUSDTlong | 0.0000% | 8h | 340.05 | long leg | $310K | $163K | 20x | |
| HTX SNOW-USDT | 0.0000% | 8h | 340.49 | +0.129% | $8K | $40K | 10x | as long as short |
| OKX SNOW-USDT-SWAP | +0.0058% | 8h | 340.93 | +0.259% | $330K | $169K | 20x | as long as short |
| Variational Omni SNOW | +0.0374% | 8h | 340.44 | +0.113% | $60K | $61K | — | as long as short |
| Bybit SNOWUSDTshort | +0.0401% | 8h | 340.39 | +0.100% | $721K | $617K | 25x | |
| Binance SNOWUSDT | +0.0464% | 8h | 340.33 | +0.082% | $743K | $754K | 25x | as long as short |
Injective SNOW/USDC PERP
Gate SNOW_USDT
HTX SNOW-USDT
OKX SNOW-USDT-SWAP
Variational Omni SNOW
Binance SNOWUSDT