Funding you earn now, next payment 00:00 UTC−0.2941%/8h= −322.0% APRnext payment −$14.70 per $10,000 · paid last 24h −0.773%
Price spread now: Bitget against Bybit+0.162%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1471.466% of the position
Funding, last 7 days−0.648%−$65 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.162%, 7d avg −0.017%
=The price spread pays, funding is against you. Bitget is 0.180% dearer against Bybit than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of −0.017%): +$18 on $10k if it goes back. Holding the pair costs −$88 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.648% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.648% in total (about -33.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.70 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 | Bybit ESPUSDT | 0.09372 | 0.3041 | pay 0.1520% / 4h | 2h 28m | $1.1M | $583K | 50x |
| Short | Bitget ESPUSDT | 0.09387 | 0.0100 | get 0.0050% / 4h | 2h 28m | $957K | $123K | 20x |
Bybit ESPUSDT
Bitget ESPUSDTFunding 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
- −$617.54
- Price spread: +0.162% → −0.017%
- $17.96
- Slippage, 4 orders
- −$123.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$746.2
- Costs to cover
- 1.466%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 57 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, 2 min ago | 0.53 bp | 33.3 bp −$33 | 265.8 bp −$2,658 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 57 min ago | 10.28 bp | 32.2 bp −$32 | 97.8 bp −$978 | doesn't fit | doesn't fit |
ESP on 11 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 ESPUSDT | +0.0100% | 4h | 0.09379 | +0.076% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09391 | +0.203% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09396 | +0.256% | $596K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09379 | +0.075% | $169K | $611K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09385 | +0.139% | $1.2M | $105K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09395 | +0.245% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDTshort | +0.0100% | 4h | 0.09387 | +0.162% | $957K | $123K | 20x | |
| edgeX ESPUSDC | +0.0103% | 4h | 0.09379 | +0.078% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDT | +0.0130% | 4h | 0.09380 | +0.085% | $120K | $35K | 25x | as long as short |
| BingX ESP-USDT | +0.2190% | 4h | 0.09389 | +0.181% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
edgeX ESPUSDC
BloFin ESP-USDT
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDTlong | +0.3041% | 4h | 0.09372 | long leg | $1.1M | $583K | 50x |