Settings8H · net · $10k
Funding arb · Price arb /

TXN

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.158%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$2572.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.158%, 7d avg +0.057%
Together, before fees+0.026%+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.215% cheaper against Bybit than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TXNUSDT272.230get 0.0000% / 8h5h 15m$167K$87K25x
ShortBitget TXNUSDT271.800get 0.0000% / 8h5h 15m$154K$105K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.158% → +0.057%
−$21.46
Slippage, 4 orders
−$234.08
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$278.53
Costs to cover
2.571%
Break-even
never at this rate
Slippage from Bybit: live order book, 30 min ago; Bitget: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 30 min ago11.78 bp115.4 bp −$115239.5 bp −$2,395doesn't fitdoesn't fit
Sell Bitget live order book, 39 min ago19.31 bp41.4 bp −$4167.1 bp −$671doesn't fitdoesn't fit

TXN on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TXNUSDT0.0000%8h272.17−0.024%$298K$462K25xas long as short
Bybit TXNUSDTlong0.0000%8h272.23long leg$167K$87K25x
Gate TXN_USDT0.0000%8h272.10−0.048%$227K$108K20xas long as short
Bitget TXNUSDTshort0.0000%8h271.80−0.158%$154K$105K20x
Variational Omni TXN0.0000%8h272.15−0.031%$20K$13Kas long as short
Extended TXN-USD+0.0040%1h271.05−0.433%$41K$12K10xas long as short
HTX TXN-USDT+0.0100%8h272.20−0.011%$4K$36K10xas long as short