Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Bitget−0.115%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.115%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.079% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SQQQUSDT | 34.760 | 0.0026 | pay 0.0026% / 8h | 23m 34s | $2.9M | $1.2M | 20x |
| Short | Bybit SQQQUSDT | 34.720 | 0 | get 0.0000% / 8h | 23m 34s | $788K | $586K | 25x |
Bitget SQQQUSDT
Bybit SQQQUSDTFunding 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
- −$5.46
- Price spread: −0.115% → −0.036%
- −$7.92
- Slippage, 4 orders
- −$45.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.41
- Costs to cover
- 0.680%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 11 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, 4 min ago | 2.88 bp | 14.5 bp −$14 | 26.2 bp −$262 | 67.3 bp −$6,734 | doesn't fit |
| Sell Bybit live order book, 11 min ago | 2.88 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
SQQQ on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SQQQUSDTshort | 0.0000% | 8h | 34.720 | −0.115% | $788K | $586K | 25x | |
| Gate SQQQ_USDT | 0.0000% | 8h | 34.740 | −0.058% | $1.1M | $1.4M | 20x | as long as short |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.770 | +0.029% | $8K | $1K | 10x | as long as short |
| Bitget SQQQUSDTlong | +0.0026% | 8h | 34.760 | long leg | $2.9M | $1.2M | 20x | |
| GRVT SQQQ_USDT_Perp | +0.0048% | 8h | 34.702 | −0.166% | $4K | $112K | 10x | as long as short |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.700 | −0.173% | $123K | $941K | 10x | as long as short |
| OKX SQQQ-USDT-SWAP | +0.0164% | 8h | 34.730 | −0.086% | $901K | $2.0M | 20x | as long as short |
| BloFin SQQQ-USDT | +0.0276% | 8h | 34.720 | −0.115% | $87K | $7K | 20x | as long as short |
| MEXC SQQQ_USDT | +0.0298% | 8h | 34.700 | −0.173% | $1.7M | $354K | 20x | as long as short |
| Binance SQQQUSDT | +0.0299% | 8h | 34.750 | −0.029% | $6.9M | $17.8M | 20x | as long as short |
Gate SQQQ_USDT
HTX SQQQ-USDT
GRVT SQQQ_USDT_Perp
KuCoin SQQQUSDTM
OKX SQQQ-USDT-SWAP
BloFin SQQQ-USDT
MEXC SQQQ_USDT
Binance SQQQUSDT