Funding you earn now, next payment 00:00 UTC+0.0852%/8h= +93.3% APRnext payment +$8.52 per $10,000 · paid last 24h +0.014%
Price spread now: Binance against Bitget0.000%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 2 days (all we have)+0.048%+$5 · spread now 0.000%, 7d avg +0.045%
=Funding pays, the price is against you. Binance is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.045%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.077% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.52 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 WMTUSDT | 107.52 | 0 | get 0.0000% / 8h | 4m 46s | $540K | $123K | 50x |
| Short | Binance WMTUSDT | 107.52 | 0.0852 | get 0.0852% / 8h | 4m 46s | $1.6M | $1.1M | 20x |
Bitget WMTUSDT
Binance WMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $178.85
- Price spread: 0.000% → +0.045%
- −$4.54
- Slippage, 4 orders
- −$29.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $122.59
- Costs to cover
- 0.517%
- Break-even
- 2.2 days
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 14 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, 5 min ago | 1.39 bp | 16.0 bp −$16 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.47 bp | 8.7 bp −$9 | 46.1 bp −$461 | doesn't fit | doesn't fit |
WMT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster WMTUSDT | 0.0000% | 8h | 107.34 | −0.168% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDT | 0.0000% | 8h | 107.65 | +0.121% | $118K | $12K | 50x | as long as short |
| Gate WMT_USDT | 0.0000% | 8h | 107.50 | −0.019% | $814K | $20K | 25x | as long as short |
| Bitget WMTUSDTlong | 0.0000% | 8h | 107.52 | long leg | $540K | $123K | 50x | |
| HTX WMT-USDT | 0.0000% | 8h | 107.52 | 0.000% | $5K | $347K | 20x | as long as short |
| QFEX WMT-USD | +0.0029% | 1h | 107.51 | −0.009% | $1.1M | $2.8M | 10x | as long as short |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.651% | $3K | $26K | 12x | as long as short |
| KuCoin WMTUSDTM | +0.0100% | 8h | 107.49 | −0.028% | $33K | $813K | 20x | as long as short |
| SunX WMT-USDT | +0.0100% | 8h | 107.51 | −0.009% | $1K | $3.0M | 10x | as long as short |
| OKX WMT-USDT-SWAP | +0.0125% | 8h | 107.68 | +0.149% | $82K | $34K | 20x | as long as short |
Aster WMTUSDT
Bybit WMTUSDT
Gate WMT_USDT
HTX WMT-USDT
QFEX WMT-USD
Injective WMT/USDC PERP
KuCoin WMTUSDTM
SunX WMT-USDT
OKX WMT-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX WMTUSDC | +0.0514% | 4h | 107.50 | −0.016% | $15K | $255K | 10x | as long as short |
| Variational Omni WMT | +0.0633% | 8h | 107.51 | −0.013% | $61K | $77K | — | as long as short |
| Extended WMT-USD | +0.0848% | 1h | 107.50 | −0.020% | $23K | $115K | 10x | as long as short |
| Binance WMTUSDTshort | +0.0852% | 8h | 107.52 | 0.000% | $1.6M | $1.1M | 20x | |
| GRVT WMT_USDT_Perp | +0.0945% | 8h | 107.49 | −0.029% | $277 | $126K | 10x | as long as short |
edgeX WMTUSDC
Variational Omni WMT
Extended WMT-USD
GRVT WMT_USDT_Perp