Funding you earn now, next payment 04:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.88 per $10,000 · paid last 24h −0.019%
Price spread now: Binance against Bitget+0.155%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$840.837% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.155%, 7d avg +0.134%
=The price spread pays, funding is against you. Binance is 0.020% dearer against Bitget than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.134%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TUSDT | 0.005173 | −0.0624 | get 0.0312% / 4h | 3h 57m | $888K | $685K | 50x |
| Short | Binance TUSDT | 0.005181 | −0.0800 | pay 0.0400% / 4h | 3h 57m | $3.3M | $9.4M | 50x |
Bitget TUSDT
Binance TUSDTFunding 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
- −$37.02
- Price spread: +0.155% → +0.134%
- $2.04
- Slippage, 4 orders
- −$61.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$118.73
- Costs to cover
- 0.837%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 13 min ago; Binance: live order book, 12 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, 13 min ago | 1.94 bp | 27.0 bp −$27 | 142.3 bp −$1,423 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.97 bp | 11.6 bp −$12 | 36.7 bp −$367 | 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 | −0.3798% | 1h | 0.005178 | +0.088% | $2K | $2K | 10x | as long as short |
| Bybit TUSDT | −0.1104% | 4h | 0.005181 | +0.155% | $1.6M | $1.9M | 25x | as long as short |
| Variational Omni T | −0.0803% | 4h | 0.005177 | +0.073% | $8K | $14K | — | as long as short |
| Binance TUSDTshort | −0.0800% | 4h | 0.005181 | +0.155% | $3.3M | $9.4M | 50x | |
| MEXC T_USDT | −0.0796% | 4h | 0.005176 | +0.058% | $3.1M | $255K | 20x | as long as short |
| KuCoin TUSDTM | −0.0772% | 4h | 0.005180 | +0.135% | $1.4M | $107K | 12x | as long as short |
| Bitget TUSDTlong | −0.0624% | 4h | 0.005173 | long leg | $888K | $685K | 50x | |
| Gate T_USDT | −0.0334% | 4h | 0.005187 | +0.271% | $214K | $98K | 20x | as long as short |
Kraken Futures PF_TUSD
Bybit TUSDT
Variational Omni T
MEXC T_USDT
KuCoin TUSDTM
Gate T_USDT