Funding you earn now, next payment 03:00 UTC−0.0732%/8h= −80.1% APRnext payment −$0.91 per $10,000 · paid last 24h −0.491%
Price spread now: Bitget against Binance+1.463%7-day average −0.303% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs+$37as in the Price arb table
costs, in and out, $10k−$1391.394% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 7 days−2.100%−$210 · spread now +1.463%, 7d avg −0.303%
=The price spread pays, funding is against you. Bitget is 1.766% dearer against Binance than usual: you sell high and buy low (spread +1.463% now, against its 7-day average of −0.303%): +$177 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.180% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.91 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 ONEUSDT | 0.004471 | −0.0356 | get 0.0045% / 1h | 34m 37s | $15.3M | $350.3M | 50x |
| Short | Bitget ONEUSDT | 0.004537 | −0.1088 | pay 0.0136% / 1h | 34m 37s | $2.1M | $34.7M | 20x |
Binance ONEUSDT
Bitget ONEUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$153.67
- Price spread: +1.463% → −0.303%
- $176.6
- Slippage, 4 orders
- −$117.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$116.43
- Costs to cover
- 1.394%
- Break-even
- from the start
Slippage from Binance: live order book, 9 min ago; Bitget: 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 Binance live order book, 9 min ago | 1.54 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.79 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
ONE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAP | −2.9995% | 1h | 0.005345 | +19.537% | $6.4M | $273.1M | 10x | as long as short |
| Variational Omni ONE | −0.4801% | 1h | 0.004385 | −1.937% | $107K | $55K | — | as long as short |
| Aster ONEUSDT | −0.1567% | 1h | 0.004444 | −0.624% | $2.3M | $5.7M | 5x | as long as short |
| Gate ONE_USDT | −0.1539% | 8h | 0.004478 | +0.145% | $1.8M | $15.5M | 20x | as long as short |
| BloFin ONE-USDT | −0.1316% | 1h | 0.004429 | −0.948% | $844K | $3.0M | 50x | as long as short |
| Bitget ONEUSDTshort | −0.1088% | 1h | 0.004537 | +1.463% | $2.1M | $34.7M | 20x | |
| Binance ONEUSDTlong | −0.0356% | 1h | 0.004471 | long leg | $15.3M | $350.3M | 50x | |
| MEXC ONE_USDT | −0.0352% | 1h | 0.004485 | +0.302% | $12.2M | $16.2M | 20x | as long as short |
| BingX ONE-USDT | −0.0024% | 1h | 0.004498 | +0.604% | — | $6.4M | — | as long as short |
| KuCoin ONEUSDTM | +0.7256% | 1h | 0.004698 | +5.065% | $4.6M | $12.9M | 30x | as long as short |
OKX ONE-USDT-SWAP
Variational Omni ONE
Aster ONEUSDT
Gate ONE_USDT
BloFin ONE-USDT
MEXC ONE_USDT
BingX ONE-USDT
KuCoin ONEUSDTM