Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.42 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against Bybit−0.120%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1221.215% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.120%, 7d avg −0.036%
=Funding pays, the price is against you. Bitget is 0.084% cheaper against Bybit than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.036%). If the spread goes back, that is −$8 on $10k: about 3.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.074% in total) that is about 8.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALTUSDT | 0.007487 | 0.0015 | pay 0.0008% / 4h | 1h 28m | $1.2M | $1.6M | 25x |
| Short | Bitget ALTUSDT | 0.007478 | 0.0100 | get 0.0050% / 4h | 1h 28m | $614K | $100K | 50x |
Bybit ALTUSDT
Bitget ALTUSDTFunding 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
- $17.76
- Price spread: −0.120% → −0.036%
- −$8.41
- Slippage, 4 orders
- −$98.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$112.15
- Costs to cover
- 1.215%
- Break-even
- 51.2 days
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 52 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, 3 min ago | 5.35 bp | 32.1 bp −$32 | 162.9 bp −$1,629 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 52 min ago | 8.68 bp | 29.1 bp −$29 | 178.7 bp −$1,787 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | −0.0209% | 4h | 0.007474 | −0.179% | $4K | $12K | — | as long as short |
| Bybit ALTUSDTlong | +0.0015% | 4h | 0.007487 | long leg | $1.2M | $1.6M | 25x | |
| Deribit ALT_USDC-PERPETUAL | +0.0017% | 1h | 0.007494 | +0.093% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.416% | $815 | $4K | 5.5x | as long as short |
| BloFin ALT-USDT | +0.0075% | 4h | 0.007487 | 0.000% | $171K | $9K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007491 | +0.053% | $1.1M | $185K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007492 | +0.067% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007478 | −0.120% | $50K | $415K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007491 | +0.053% | $388K | $189K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007494 | +0.093% | $149K | $21K | 30x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
BloFin ALT-USDT
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDTshort | +0.0100% | 4h | 0.007478 | −0.120% | $614K | $100K | 50x | |
| BingX ALT-USDT | +0.0100% | 4h | 0.007485 | −0.027% | — | $1.3M | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0348% | 1h | 0.007496 | +0.116% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0448% | 1h | 0.007518 | +0.414% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX