Funding you earn now, next payment 08:00 UTC+0.0457%/8h= +50.0% APRnext payment +$4.57 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against Bitget−0.088%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.088%, 7d avg −0.010%
=Funding pays, the price is against you. Bybit is 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.010%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.149% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.57 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 | Bitget WDCUSDT | 442.69 | −0.0457 | get 0.0457% / 8h | 2h 20m | $1.1M | $1.1M | 20x |
| Short | Bybit WDCUSDT | 442.30 | 0 | get 0.0000% / 8h | 2h 20m | $1.9M | $886K | 25x |
Bitget WDCUSDT
Bybit WDCUSDTFunding 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
- $95.97
- Price spread: −0.088% → −0.010%
- −$7.84
- Slippage, 4 orders
- −$89.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.65
- Costs to cover
- 1.128%
- Break-even
- 8.8 days
Slippage from Bitget: live order book, just now; Bybit: live order book, 6 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, just now | 3.39 bp | 18.8 bp −$19 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.58 bp | 29.1 bp −$29 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
WDC on 17 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 WDCUSDC | −0.0515% | 4h | 442.19 | −0.112% | $49K | $230K | 10x | as long as short |
| Bitget WDCUSDTlong | −0.0457% | 8h | 442.69 | long leg | $1.1M | $1.1M | 20x | |
| BloFin WDC-USDT | −0.0019% | 8h | 442.31 | −0.086% | $142K | $94K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 443.39 | +0.157% | $20K | $125K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 442.39 | −0.068% | $3K | $166K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 443.02 | +0.075% | $7.3M | $25.3M | 20x | as long as short |
| Bybit WDCUSDTshort | 0.0000% | 8h | 442.30 | −0.088% | $1.9M | $886K | 25x | |
| Gate WDC_USDT | 0.0000% | 8h | 442.30 | −0.088% | $1.9M | $2.5M | 50x | as long as short |
| GRVT WDC_USDT_Perp | 0.0000% | 8h | 442.53 | −0.037% | $513 | $152K | 10x | as long as short |
| QFEX WDC-USD | +0.0018% | 1h | 442.44 | −0.056% | $1.1M | $3.1M | 10x | as long as short |
edgeX WDCUSDC
BloFin WDC-USDT
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Gate WDC_USDT
GRVT WDC_USDT_Perp
QFEX WDC-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter WDC | +0.0032% | 1h | 442.24 | −0.102% | — | — | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0043% | 8h | 443.03 | +0.077% | $2.1M | $4.2M | 20x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 442.45 | −0.054% | $2.3M | $2.1M | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 442.11 | −0.131% | $271K | $45K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 442.11 | −0.131% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 442.40 | −0.066% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 442.64 | −0.011% | $33K | $8K | 10x | as long as short |
Lighter WDC
OKX WDC-USDT-SWAP
tradeXYZ xyz:WDC
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT