Funding you earn now, next payment 08:00 UTC−0.0332%/8h= −36.3% APRnext payment −$3.32 per $10,000 · paid last 24h −0.086%
Price spread now: Bitget against Bybit+0.121%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$269as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2552.554% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.121%, 7d avg −0.083%
=The price spread pays, funding is against you. Bitget is 0.204% dearer against Bybit than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.083%): +$20 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.132% in total) that is about 11 days.
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 −$3.32 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 | Bybit SNOWUSDT | 339.56 | 0.0332 | pay 0.0332% / 8h | 1h 34m | $714K | $230K | 25x |
| Short | Bitget SNOWUSDT | 339.97 | 0 | get 0.0000% / 8h | 1h 34m | $316K | $165K | 20x |
Bybit SNOWUSDT
Bitget SNOWUSDTFunding 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
- −$69.7
- Price spread: +0.121% → −0.083%
- $20.38
- Slippage, 4 orders
- −$232.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$304.76
- Costs to cover
- 2.554%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 46 min ago; Bitget: live order book, just now.
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, 46 min ago | 4.27 bp | 111.9 bp −$112 | 208.9 bp −$2,089 | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 9.72 bp | 23.9 bp −$24 | 62.9 bp −$629 | 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 | 336.58 | −0.878% | $7K | $95 | 12x | as long as short |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 339.47 | −0.027% | $329K | $162K | 20x | as long as short |
| Gate SNOW_USDT | 0.0000% | 8h | 339.36 | −0.059% | $102K | $229K | 20x | as long as short |
| Bitget SNOWUSDTshort | 0.0000% | 8h | 339.97 | +0.121% | $316K | $165K | 20x | |
| HTX SNOW-USDT | 0.0000% | 8h | 339.47 | −0.027% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0165% | 8h | 339.41 | −0.044% | $59K | $63K | — | as long as short |
| Binance SNOWUSDT | +0.0238% | 8h | 339.35 | −0.062% | $741K | $753K | 25x | as long as short |
| Bybit SNOWUSDTlong | +0.0332% | 8h | 339.56 | long leg | $714K | $230K | 25x |
Injective SNOW/USDC PERP
OKX SNOW-USDT-SWAP
Gate SNOW_USDT
HTX SNOW-USDT
Variational Omni SNOW
Binance SNOWUSDT