Funding you earn now, next payment 08:00 UTC+0.0341%/8h= +37.3% APRnext payment +$1.70 per $10,000 · paid last 24h −0.098%
Price spread now: Bybit against Bitget+0.221%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 7 days−0.230%−$23 · spread now +0.221%, 7d avg −0.045%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.266% dearer against Bitget than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.271%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CPUSDT | 0.01403 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $799K | $1.6M | 20x |
| Short | Bybit CPUSDT | 0.01406 | 0.0441 | get 0.0220% / 4h | 3h 56m | $1.5M | $2.8M | 20x |
Bitget CPUSDT
Bybit CPUSDTFunding 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
- $71.56
- Price spread: +0.221% → −0.045%
- $26.56
- Slippage, 4 orders
- −$135.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.54
- Costs to cover
- 1.587%
- Break-even
- 12.9 days
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 4.27 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 10.67 bp | 51.9 bp −$52 | 343.1 bp −$3,431 | doesn't fit | doesn't fit |
CP 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CP-USDT | +0.0046% | 4h | 0.01405 | +0.150% | $430 | $43K | 20x | as long as short |
| BingX CP-USDT | +0.0070% | 4h | 0.01405 | +0.150% | — | $1.0M | — | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01402 | −0.064% | $4.0M | $11.7M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01403 | +0.007% | $618K | $548K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01403 | +0.007% | $1.5M | $347K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01405 | +0.150% | $198K | $894K | 20x | as long as short |
| Bitget CPUSDTlong | +0.0100% | 4h | 0.01403 | long leg | $799K | $1.6M | 20x | |
| Bybit CPUSDTshort | +0.0441% | 4h | 0.01406 | +0.221% | $1.5M | $2.8M | 20x |
BloFin CP-USDT
BingX CP-USDT
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
KuCoin CPUSDTM