Funding you earn now, next payment 00:00 UTC+0.0806%/8h= +88.3% APRnext payment +$4.03 per $10,000 · paid last 24h +0.123%
Price spread now: Binance against Bitget+0.215%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1481.481% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 7 days−0.292%−$29 · spread now +0.215%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Binance is 0.226% dearer against Bitget than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.03 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 | Bitget MUSDT | 1.4555 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $1.9M | $349K | 10x |
| Short | Binance MUSDT | 1.4586 | 0.0906 | get 0.0453% / 4h | 1h 34m | $5.5M | $4.5M | 10x |
Bitget MUSDT
Binance MUSDTFunding 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
- $169.25
- Price spread: +0.215% → −0.012%
- $22.61
- Slippage, 4 orders
- −$126.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $43.77
- Costs to cover
- 1.481%
- Break-even
- 5.2 days
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 4 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, 3 min ago | 9.94 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.03 bp | 20.5 bp −$21 | 335.1 bp −$3,351 | 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 | 1.4554 | −0.007% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4548 | −0.048% | $2.0M | $900K | 10x | as long as short |
| Bitget MUSDTlong | +0.0100% | 4h | 1.4555 | long leg | $1.9M | $349K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4560 | +0.033% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4583 | +0.192% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4584 | +0.199% | $2K | $564K | 20x | as long as short |
| Aster MUSDT | +0.0572% | 4h | 1.4577 | +0.150% | $15K | $116K | 5x | as long as short |
| KuCoin MUSDTM | +0.0826% | 4h | 1.4474 | −0.557% | $1.4M | $4.4M | 10x | as long as short |
| BingX M-USDT | +0.0838% | 4h | 1.4573 | +0.124% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0866% | 4h | 1.4572 | +0.117% | $350K | $408K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
KuCoin MUSDTM
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.0900% | 4h | 1.4585 | +0.206% | $247K | $111K | 50x | as long as short |
| Binance MUSDTshort | +0.0906% | 4h | 1.4586 | +0.215% | $5.5M | $4.5M | 10x |
MEXC M_USDT