Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h +0.032%
Price spread now: Bitget against Binance−0.138%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.138%, 7d avg −0.131%
=The price spread sits at its 7-day average of −0.131%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.380%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TUSDT | 0.005236 | −0.0187 | get 0.0093% / 4h | 1h 36m | $3.4M | $7.4M | 50x |
| Short | Bitget TUSDT | 0.005229 | −0.0234 | pay 0.0117% / 4h | 1h 36m | $889K | $506K | 50x |
Binance TUSDT
Bitget TUSDTFunding 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
- −$9.92
- Price spread: −0.138% → −0.131%
- −$0.78
- Slippage, 4 orders
- −$61.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$94.61
- Costs to cover
- 0.839%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 24 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, 2 min ago | 0.95 bp | 12.6 bp −$13 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 2.89 bp | 26.5 bp −$26 | 163.1 bp −$1,631 | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.2916% | 1h | 0.005235 | −0.033% | $2K | $2K | 10x | as long as short |
| KuCoin TUSDTM | −0.0256% | 4h | 0.005238 | +0.033% | $1.4M | $77K | 12x | as long as short |
| Variational Omni T | −0.0256% | 4h | 0.005219 | −0.330% | $8K | $9K | — | as long as short |
| Bitget TUSDTshort | −0.0234% | 4h | 0.005229 | −0.138% | $889K | $506K | 50x | |
| Gate T_USDT | −0.0204% | 4h | 0.005240 | +0.072% | $216K | $78K | 20x | as long as short |
| Binance TUSDTlong | −0.0187% | 4h | 0.005236 | long leg | $3.4M | $7.4M | 50x | |
| MEXC T_USDT | −0.0186% | 4h | 0.005236 | −0.005% | $3.2M | $204K | 20x | as long as short |
| Bybit TUSDT | −0.0022% | 4h | 0.005231 | −0.100% | $1.6M | $1.5M | 25x | as long as short |
Kraken Futures PF_TUSD
KuCoin TUSDTM
Variational Omni T
Gate T_USDT
MEXC T_USDT
Bybit TUSDT