Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRnext payment −$2.48 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.334%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$379as in the Price arb table
costs, in and out, $10k−$4134.131% of the position
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 4 days (all we have)−0.361%−$36 · spread now +0.334%, 7d avg −0.010%
=The price spread pays, funding is against you. Bitget is 0.344% dearer against Bybit than usual: you sell high and buy low (spread +0.334% now, against its 7-day average of −0.010%): +$34 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.226%, 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 | Bybit TERUSDT | 377.56 | 0 | get 0.0000% / 8h | 2h 21m | $250K | $180K | 25x |
| Short | Bitget TERUSDT | 378.82 | −0.0248 | pay 0.0248% / 8h | 2h 21m | $250K | $150K | 20x |
Bybit TERUSDT
Bitget TERUSDTFunding 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
- −$52.08
- Price spread: +0.334% → −0.010%
- $34.39
- Slippage, 4 orders
- −$390.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$430.76
- Costs to cover
- 4.131%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; Bitget: live order book, 23 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 Bybit live order book, 8 min ago | 15.48 bp | 139.7 bp −$140 | 245.0 bp −$2,450 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 23 min ago | 11.48 bp | 58.2 bp −$58 | 68.1 bp −$681 | doesn't fit | doesn't fit |
TER 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDTshort | −0.0248% | 8h | 378.82 | +0.334% | $250K | $150K | 20x | |
| Binance TERUSDT | 0.0000% | 8h | 378.14 | +0.154% | $528K | $874K | 25x | as long as short |
| Bybit TERUSDTlong | 0.0000% | 8h | 377.56 | long leg | $250K | $180K | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.46 | −0.026% | $201K | $171K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 378.10 | +0.143% | $293K | $219K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 378.34 | +0.207% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 378.21 | +0.173% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTM | +0.0100% | 8h | 377.80 | +0.064% | $233K | $89K | 20x | as long as short |
| HTX TER-USDT | +0.0100% | 8h | 378.77 | +0.320% | $4K | $39K | 10x | as long as short |
| Paragon para:TER | +0.0591% | 1h | 378.95 | +0.368% | $121K | $57K | 10x | as long as short |
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
KuCoin TERUSDTM
HTX TER-USDT
Paragon para:TER