Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.49 per $10,000 · paid last 24h −0.061%
Price spread now: Bybit against Bitget+0.043%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$647as in the Funding arb table
Net, price: spread back to 7d avg − costs−$649as in the Price arb table
costs, in and out, $10k−$6396.391% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.043%, 7d avg +0.142%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.099% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.142%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget GWEIUSDT | 0.02336 | 0.0200 | pay 0.0100% / 4h | 3h 00m | $1.9M | $425K | 20x |
| Short | Bybit GWEIUSDT | 0.02337 | 0.0101 | get 0.0051% / 4h | 3h 00m | $389K | $251K | 25x |
Bitget GWEIUSDT
Bybit GWEIUSDTFunding 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
- −$20.78
- Price spread: +0.043% → +0.142%
- −$9.91
- Slippage, 4 orders
- −$616.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$669.75
- Costs to cover
- 6.391%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 45 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, 2 min ago | 6.41 bp | 85.8 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 45 min ago | 4.13 bp | 219.8 bp −$220 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GWEI_USDT | +0.0100% | 4h | 0.02333 | −0.137% | $398K | $533K | 10x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02351 | +0.646% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDTshort | +0.0101% | 4h | 0.02337 | +0.043% | $389K | $251K | 25x | |
| KuCoin GWEIUSDTM | +0.0116% | 4h | 0.02332 | −0.171% | $458K | $33K | 20x | as long as short |
| Bitget GWEIUSDTlong | +0.0200% | 4h | 0.02336 | long leg | $1.9M | $425K | 20x | |
| BloFin GWEI-USDT | +0.0268% | 4h | 0.02351 | +0.642% | $189K | $38K | 50x | as long as short |
| Extended GWEI-USD | +0.0288% | 1h | 0.02340 | +0.164% | $7K | $233K | 5x | as long as short |
| Binance GWEIUSDT | +0.0289% | 4h | 0.02337 | +0.049% | $2.7M | $4.8M | 50x | as long as short |
| MEXC GWEI_USDT | +0.0306% | 4h | 0.02336 | 0.000% | $124K | $91K | 20x | as long as short |
| BingX GWEI-USDT | +0.0317% | 4h | 0.02332 | −0.171% | — | $1.6M | — | as long as short |
Gate GWEI_USDT
Variational Omni GWEI
KuCoin GWEIUSDTM
BloFin GWEI-USDT
Extended GWEI-USD
Binance GWEIUSDT
MEXC GWEI_USDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0969% | 4h | 0.02332 | −0.156% | $20K | $29K | 10x | as long as short |
Aster GWEIUSDT