Funding you earn now, next payment 08:00 UTC−0.0556%/8h= −60.8% APRpaid last 24h −0.036%
Price spread now: Bitget against Binance−0.105%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1701.699% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.105%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.104% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TENCENTUSDT | 58.591 | 0.0556 | pay 0.0278% / 4h | 2h 55m | $2.9M | $4.9M | 25x |
| Short | Bitget TENCENTUSDT | 58.530 | 0 | get 0.0000% / 8h | 2h 55m | $1.2M | $3.0M | 20x |
Binance TENCENTUSDT
Bitget TENCENTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$116.67
- Price spread: −0.105% → −0.001%
- −$10.41
- Slippage, 4 orders
- −$147.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$297
- Costs to cover
- 1.699%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 2 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 Binance live order book, 12 min ago | 2.54 bp | 18.8 bp −$19 | 68.4 bp −$684 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.57 bp | 40.9 bp −$41 | 67.4 bp −$674 | doesn't fit | doesn't fit |
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 58.745 | +0.263% | $46K | $11K | 20x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 58.540 | −0.088% | $244K | $258K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 58.560 | −0.053% | $1.7M | $654K | 25x | as long as short |
| Bitget TENCENTUSDTshort | 0.0000% | 8h | 58.530 | −0.105% | $1.2M | $3.0M | 20x | |
| HTX TENCENT-USDT | 0.0000% | 4h | 58.610 | +0.032% | $10K | $43K | 10x | as long as short |
| KuCoin TENCENTUSDTM | +0.0100% | 4h | 58.440 | −0.258% | $125K | $686K | 20x | as long as short |
| Binance TENCENTUSDTlong | +0.0556% | 4h | 58.591 | long leg | $2.9M | $4.9M | 25x | |
| edgeX TENCENTUSDC | +0.1202% | 4h | 58.441 | −0.256% | $121K | $211K | 10x | as long as short |
| Lighter TENCENT | +0.1416% | 1h | 58.677 | +0.146% | $68K | $4K | 10x | as long as short |
Aster TENCENTUSDT
Bybit TENCENTUSDT
Gate TENCENT_USDT
HTX TENCENT-USDT
KuCoin TENCENTUSDTM
edgeX TENCENTUSDC
Lighter TENCENT