Funding you earn now, next payment 08:00 UTC−0.0266%/8h= −29.1% APRnext payment −$2.66 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.096%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2512.515% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.096%, 7d avg +0.011%
=The price spread pays, funding is against you. Bitget is 0.085% dearer against Bybit than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.011%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.002% in total) that is about 8 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.66 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 | Bybit VRTUSDT | 250.20 | 0.0183 | pay 0.0183% / 8h | 1h 42m | $448K | $116K | 25x |
| Short | Bitget VRTUSDT | 250.44 | −0.0083 | pay 0.0083% / 8h | 1h 42m | $485K | $157K | 20x |
Bybit VRTUSDT
Bitget VRTUSDTFunding 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
- −$55.87
- Price spread: +0.096% → +0.011%
- $8.5
- Slippage, 4 orders
- −$228.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$298.83
- Costs to cover
- 2.515%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 57 min ago; Bitget: live order book, 58 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, 57 min ago | 10.99 bp | 80.1 bp −$80 | 236.6 bp −$2,366 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 58 min ago | 6.59 bp | 83.1 bp −$83 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
VRT 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget VRTUSDTshort | −0.0083% | 8h | 250.44 | +0.096% | $485K | $157K | 20x | |
| Gate VRT_USDT | 0.0000% | 8h | 250.90 | +0.280% | $142K | $18K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 250.17 | −0.012% | $1K | $451K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 250.33 | +0.052% | $8K | $41K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −0.312% | $9K | $50 | 12x | as long as short |
| Bybit VRTUSDTlong | +0.0183% | 8h | 250.20 | long leg | $448K | $116K | 25x | |
| OKX VRT-USDT-SWAP | +0.0264% | 8h | 250.66 | +0.184% | $257K | $171K | 20x | as long as short |
| Binance VRTUSDT | +0.0556% | 8h | 250.08 | −0.047% | $1.1M | $1.1M | 25x | as long as short |
| KuCoin VRTUSDTM | +0.0574% | 8h | 249.97 | −0.092% | $111K | $24K | 20x | as long as short |
Gate VRT_USDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
OKX VRT-USDT-SWAP
Binance VRTUSDT
KuCoin VRTUSDTM