M

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0648%/8h= −70.9% APRnext payment −$3.24 per $10,000 · paid last 24h −0.169%

Price spread now: Bitget against Binance+0.083%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1851.851% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 7 days+0.073%+$7 · spread now +0.083%, 7d avg +0.010%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.073% dearer against Binance than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.010%): +$7 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.407% in total) that is about 30 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.407% in total (about -21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 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 MUSDT	1.4353	0.0748	pay 0.0374% / 4h	45m 29s	$5.6M	$3.8M	10x
Short	Bitget MUSDT	1.4365	0.0100	get 0.0050% / 4h	45m 29s	$1.9M	$251K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$136.02
Price spread: +0.083% → +0.010%: $7.29
Slippage, 4 orders: −$163.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$313.87
Costs to cover: 1.851%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: 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 Binance live order book, 8 min ago	0.35 bp	47.7 bp −$48	376.1 bp −$3,761	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	12.52 bp	52.4 bp −$52	441.9 bp −$4,419	doesn't fit	doesn't fit

M on 12 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 MUSDT	+0.0100%	4h	1.4352	−0.008%	$4.5M	$1.8M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4342	−0.078%	$1.9M	$905K	10x	as long as short
Bitget MUSDTshort	+0.0100%	4h	1.4365	+0.083%	$1.9M	$251K	10x
Variational Omni M	+0.0100%	4h	1.4360	+0.050%	$89K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4359	+0.041%	$2K	$510	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4383	+0.208%	$2K	$757K	20x	as long as short
Aster MUSDT	+0.0590%	4h	1.4359	+0.038%	$15K	$87K	5x	as long as short
Binance MUSDTlong	+0.0748%	4h	1.4353	long leg	$5.6M	$3.8M	10x
MEXC M_USDT	+0.0764%	4h	1.4356	+0.020%	$240K	$105K	50x	as long as short
BingX M-USDT	+0.0764%	4h	1.4360	+0.048%	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0831%	4h	1.4388	+0.243%	$362K	$441K	10x	as long as short
KuCoin MUSDTM	+0.2156%	4h	1.4242	−0.774%	$1.4M	$4.0M	10x	as long as short