Funding you earn now, next payment 08:00 UTC+0.0594%/8h= +65.0% APRnext payment +$5.94 per $10,000 · paid last 24h +0.289%
Price spread now: Bitget against Bybit−0.199%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$333as in the Funding arb table
Net, price: spread back to 7d avg − costs−$412as in the Price arb table
costs, in and out, $10k−$3963.955% of the position
Funding, last 7 days+0.625%+$63 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.199%, 7d avg −0.038%
=Funding pays, the price is against you. Bitget is 0.161% cheaper against Bybit than usual: you would sell low and buy high (spread −0.199% now, against its 7-day average of −0.038%). If the spread goes back, that is −$16 on $10k: about 22 hours of funding at the current rate (+$18 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSEMUSDT | 230.99 | −0.0594 | get 0.0594% / 8h | 2h 20m | $130K | $2.5M | 25x |
| Short | Bitget TSEMUSDT | 230.53 | 0 | get 0.0000% / 8h | 2h 20m | $121K | $159K | 20x |
Bybit TSEMUSDT
Bitget TSEMUSDTFunding 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
- $124.66
- Price spread: −0.199% → −0.038%
- −$16.08
- Slippage, 4 orders
- −$372.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$286.96
- Costs to cover
- 3.955%
- Break-even
- 23.1 days
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 19 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, 2 min ago | 9.75 bp | 85.8 bp −$86 | 174.2 bp −$1,742 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 19 min ago | 25.22 bp | 102.8 bp −$103 | 125.3 bp −$1,253 | 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 TSEMUSDTlong | −0.0594% | 8h | 230.99 | long leg | $130K | $2.5M | 25x | |
| OKX TSEM-USDT-SWAP | 0.0000% | 8h | 230.20 | −0.342% | $46K | $155K | 10x | as long as short |
| Gate TSEM_USDT | 0.0000% | 8h | 230.87 | −0.052% | $168K | $276K | 20x | as long as short |
| Bitget TSEMUSDTshort | 0.0000% | 8h | 230.53 | −0.199% | $121K | $159K | 20x | |
| HTX TSEM-USDT | 0.0000% | 8h | 230.88 | −0.048% | $7K | $42K | 10x | as long as short |
| Vest TSEM-USD-PERP | +0.0046% | 1h | 231.03 | +0.017% | — | — | 5x | as long as short |
OKX TSEM-USDT-SWAP
Gate TSEM_USDT
HTX TSEM-USDT
Vest TSEM-USD-PERP