Funding you earn now, next payment 12:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.116%
Price spread now: Bitget against Binance−0.015%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1241.237% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now −0.015%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.032% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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 | Binance BANUSDT | 0.06880 | 0.0470 | pay 0.0235% / 4h | 3h 46m | $6.8M | $768K | 25x |
| Short | Bitget BANUSDT | 0.06879 | 0.0100 | get 0.0050% / 4h | 3h 46m | $1.1M | $62K | 25x |
Binance BANUSDT
Bitget BANUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$77.66
- Price spread: −0.015% → +0.018%
- −$3.25
- Slippage, 4 orders
- −$101.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$204.64
- Costs to cover
- 1.237%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 5 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 Binance live order book, 7 min ago | 0.73 bp | 39.2 bp −$39 | 442.1 bp −$4,421 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.54 bp | 27.6 bp −$28 | 666.3 bp −$6,663 | doesn't fit | doesn't fit |
BAN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BANUSDT | +0.0100% | 4h | 0.06871 | −0.131% | $2.9M | $278K | 13x | as long as short |
| Gate BAN_USDT | +0.0100% | 8h | 0.06873 | −0.102% | $1.2M | $49K | 20x | as long as short |
| KuCoin BANUSDTM | +0.0100% | 4h | 0.06873 | −0.102% | $310K | $15K | 20x | as long as short |
| Bitget BANUSDTshort | +0.0100% | 4h | 0.06879 | −0.015% | $1.1M | $62K | 25x | |
| Variational Omni BAN | +0.0100% | 4h | 0.06870 | −0.140% | $16 | — | — | as long as short |
| Aster BANUSDT | +0.0151% | 4h | 0.06889 | +0.126% | $12K | $668 | 5x | as long as short |
| Binance BANUSDTlong | +0.0470% | 4h | 0.06880 | long leg | $6.8M | $768K | 25x | |
| MEXC BAN_USDT | +0.0472% | 4h | 0.06883 | +0.044% | $8.2M | $151K | 100x | as long as short |
Bybit BANUSDT
Gate BAN_USDT
KuCoin BANUSDTM
Variational Omni BAN
Aster BANUSDT
MEXC BAN_USDT