Funding you earn now, next payment 08:00 UTC−0.1106%/8h= −121.1% APRnext payment −$11.06 per $10,000 · paid last 24h −0.026%
Price spread now: Bitget against Binance−0.146%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1371.371% of the position
Funding, last 7 days−0.415%−$42 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.146%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Bitget is 0.118% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.415% in total (about -21.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.06 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 | Binance TMFUSDT | 30.050 | 0.1075 | pay 0.1075% / 8h | 5h 42m | $1.3M | $355K | 25x |
| Short | Bitget TMFUSDT | 30.006 | −0.0031 | pay 0.0031% / 8h | 5h 42m | $199K | $51K | 20x |
Binance TMFUSDT
Bitget TMFUSDTFunding 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
- −$232.31
- Price spread: −0.146% → −0.028%
- −$11.8
- Slippage, 4 orders
- −$115.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$381.16
- Costs to cover
- 1.371%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 13 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, 6 min ago | 3.33 bp | 29.2 bp −$29 | 142.1 bp −$1,421 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 13 min ago | 10.65 bp | 58.6 bp −$59 | 87.5 bp −$875 | doesn't fit | doesn't fit |
TMF 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TMFUSDC | −0.0686% | 4h | 30.044 | −0.021% | $13K | $284K | 10x | as long as short |
| Bitget TMFUSDTshort | −0.0031% | 8h | 30.006 | −0.146% | $199K | $51K | 20x | |
| Bybit TMFUSDT | 0.0000% | 8h | 30.040 | −0.033% | $174K | $38K | 25x | as long as short |
| Gate TMF_USDT | 0.0000% | 8h | 29.970 | −0.266% | $52K | $6K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 30.090 | +0.133% | $9K | $255K | 10x | as long as short |
| OKX TMF-USDT-SWAP | +0.0726% | 8h | 30.010 | −0.133% | $150K | $134K | 20x | as long as short |
| Variational Omni TMF | +0.0977% | 8h | 30.054 | +0.015% | $29K | $4K | — | as long as short |
| MEXC TMF_USDT | +0.1063% | 8h | 29.940 | −0.366% | $652K | $87K | 20x | as long as short |
| Binance TMFUSDTlong | +0.1075% | 8h | 30.050 | long leg | $1.3M | $355K | 25x |
edgeX TMFUSDC
Bybit TMFUSDT
Gate TMF_USDT
HTX TMF-USDT
OKX TMF-USDT-SWAP
Variational Omni TMF
MEXC TMF_USDT