Funding you earn now, next payment 08:00 UTC−0.0518%/8h= −56.8% APRnext payment −$5.18 per $10,000 · paid last 24h −0.289%
Price spread now: Bybit against Bitget−0.196%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$533as in the Funding arb table
Net, price: spread back to 7d avg − costs−$495as in the Price arb table
costs, in and out, $10k−$4714.706% of the position
Funding, last 7 days−0.625%−$63 on $10k
+Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.196%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.243% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSEMUSDT | 229.86 | 0 | get 0.0000% / 8h | 3h 11m | $121K | $104K | 20x |
| Short | Bybit TSEMUSDT | 229.41 | −0.0518 | pay 0.0518% / 8h | 3h 11m | $136K | $2.5M | 25x |
Bitget TSEMUSDT
Bybit TSEMUSDTFunding 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
- −$108.87
- Price spread: −0.196% → +0.048%
- −$24.33
- Slippage, 4 orders
- −$447.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$603.82
- Costs to cover
- 4.706%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 32 min ago; Bybit: live order book, 5 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, 32 min ago | 13.48 bp | 210.9 bp −$211 | 249.8 bp −$2,498 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 10.94 bp | 72.7 bp −$73 | 165.0 bp −$1,650 | doesn't fit | doesn't fit |
TSEM on 6 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 TSEMUSDTshort | −0.0518% | 8h | 229.41 | −0.196% | $136K | $2.5M | 25x | |
| OKX TSEM-USDT-SWAP | 0.0000% | 8h | 229.34 | −0.226% | $47K | $139K | 10x | as long as short |
| Gate TSEM_USDT | 0.0000% | 8h | 229.85 | −0.004% | $162K | $263K | 20x | as long as short |
| Bitget TSEMUSDTlong | 0.0000% | 8h | 229.86 | long leg | $121K | $104K | 20x | |
| HTX TSEM-USDT | 0.0000% | 8h | 228.05 | −0.787% | $7K | $41K | 10x | as long as short |
| Vest TSEM-USD-PERP | +0.0046% | 1h | 231.00 | +0.496% | — | — | 5x | as long as short |
OKX TSEM-USDT-SWAP
Gate TSEM_USDT
HTX TSEM-USDT
Vest TSEM-USD-PERP