Funding you earn now, next payment 16:00 UTC−0.1289%/8h= −141.2% APRnext payment −$12.89 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Bitget is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.89 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 SONYUSDT | 23.630 | 0.1289 | pay 0.1289% / 8h | 7h 14m | $98K | $32K | 25x |
| Short | Bitget SONYUSDT | 23.621 | 0 | get 0.0000% / 8h | 7h 14m | $149K | $8K | 20x |
Bybit SONYUSDT
Bitget SONYUSDTFunding 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
- −$270.74
- Price spread: −0.038% → 0.000%
- −$3.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$297.55
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: no order-book sample; Bitget: live order book, 10 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 10 min ago | 13.77 bp | 50.2 bp −$50 | 70.3 bp −$703 | doesn't fit | doesn't fit |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SONY 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONYUSDT | 0.0000% | 8h | 23.631 | +0.005% | $345K | $257K | 20x | as long as short |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.690 | +0.254% | $75K | $28K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.627 | −0.013% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDTshort | 0.0000% | 8h | 23.621 | −0.038% | $149K | $8K | 20x | |
| Variational Omni SONY | 0.0000% | 8h | 23.627 | −0.013% | $46K | $9K | — | as long as short |
| KuCoin SONYUSDTM | +0.0100% | 8h | 23.600 | −0.127% | $61K | $383K | 20x | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.650 | +0.085% | $8K | $7K | 10x | as long as short |
| Bybit SONYUSDTlong | +0.1289% | 8h | 23.630 | long leg | $98K | $32K | 25x |
Binance SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Variational Omni SONY
KuCoin SONYUSDTM
HTX SONY-USDT