Funding you earn now, next payment 08:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.012%
Price spread now: Binance against Bitget−0.197%7-day average −0.220% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now −0.197%, 7d avg −0.220%
=The price spread pays, funding is against you. Binance is 0.023% dearer against Bitget than usual: you sell high and buy low (spread −0.197% now, against its 7-day average of −0.220%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.034% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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 PROMUSDT | 4.8736 | 0.0470 | pay 0.0235% / 4h | 2h 14m | $4.2M | $409K | 10x |
| Short | Binance PROMUSDT | 4.8640 | 0.0100 | get 0.0050% / 4h | 2h 14m | $15.6M | $9.0M | 50x |
Bitget PROMUSDT
Binance PROMUSDTFunding 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
- −$77.7
- Price spread: −0.197% → −0.220%
- $2.34
- Slippage, 4 orders
- −$56.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$154.17
- Costs to cover
- 0.788%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 11 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, 4 min ago | 4.41 bp | 29.0 bp −$29 | 72.7 bp −$727 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.03 bp | 17.6 bp −$18 | 57.1 bp −$571 | doesn't fit | doesn't fit |
PROM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PROM-USDT | +0.0080% | 4h | 4.8630 | −0.217% | $794K | $289K | 50x | as long as short |
| Aster PROMUSDT | +0.0100% | 4h | 4.8657 | −0.162% | $130K | $13K | 5x | as long as short |
| Binance PROMUSDTshort | +0.0100% | 4h | 4.8640 | −0.197% | $15.6M | $9.0M | 50x | |
| MEXC PROM_USDT | +0.0100% | 4h | 4.8620 | −0.238% | $413K | $155K | 20x | as long as short |
| KuCoin PROMUSDTM | +0.0100% | 4h | 4.8692 | −0.090% | $1.1M | $88K | 30x | as long as short |
| Extended PROM-USD | +0.0104% | 1h | 4.8627 | −0.223% | $893 | — | 5x | as long as short |
| BingX PROM-USDT | +0.0464% | 4h | 4.8650 | −0.176% | — | $1.5M | — | as long as short |
| Bitget PROMUSDTlong | +0.0470% | 4h | 4.8736 | long leg | $4.2M | $409K | 10x | |
| Gate PROM_USDT | +0.0662% | 4h | 4.8660 | −0.156% | $714K | $1.1M | 50x | as long as short |
BloFin PROM-USDT
Aster PROMUSDT
MEXC PROM_USDT
KuCoin PROMUSDTM
Extended PROM-USD
BingX PROM-USDT
Gate PROM_USDT