Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget+0.037%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1441.435% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.037%, 7d avg +0.051%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget INITUSDT | 0.08186 | 0.0100 | pay 0.0050% / 4h | 28m 49s | $427K | $310K | 25x |
| Short | Binance INITUSDT | 0.08189 | 0.0100 | get 0.0050% / 4h | 28m 49s | $3.4M | $3.6M | 25x |
Bitget INITUSDT
Binance INITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.037% → +0.051%
- −$1.46
- Slippage, 4 orders
- −$121.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.97
- Costs to cover
- 1.435%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 42 min ago; Binance: live order book, 8 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, 42 min ago | 11.02 bp | 40.0 bp −$40 | 221.3 bp −$2,213 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.22 bp | 26.7 bp −$27 | 77.5 bp −$775 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08188 | +0.021% | $298K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08193 | +0.089% | $27K | $36K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08189 | +0.037% | $3.4M | $3.6M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08178 | −0.098% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08189 | +0.037% | $133K | $633K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08185 | −0.012% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08186 | 0.000% | $445K | $219K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08195 | +0.110% | $326K | $54K | 25x | as long as short |
| Bitget INITUSDTlong | +0.0100% | 4h | 0.08186 | long leg | $427K | $310K | 25x | |
| BingX INIT-USDT | +0.0100% | 4h | 0.08181 | −0.061% | — | $6.6M | — | as long as short |
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08179 | −0.085% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0134% | 4h | 0.08186 | 0.000% | $153K | $110K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0498% | 1h | 0.08183 | −0.039% | $5K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD