Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.049%
Price spread now: Bitget against BingX+0.155%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1971.973% of the position
Funding, last 7 days−0.254%−$25 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.155%, 7d avg −0.078%
=The price spread pays, funding is against you. Bitget is 0.234% dearer against BingX than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of −0.078%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.254% in total) that is about 6.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX US-USDT | 0.01546 | 0.0132 | pay 0.0066% / 4h | 3h 19m | — | $1.3M | — |
| Short | Bitget USUSDT | 0.01549 | 0.0100 | get 0.0050% / 4h | 3h 19m | $4.1M | $296K | 10x |
BingX US-USDT
Bitget USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$6.72
- Price spread: +0.155% → −0.078%
- $23.36
- Slippage, 4 orders
- −$175.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$180.71
- Costs to cover
- 1.973%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 8 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 BingX live order book, 11 min ago | 10.99 bp | 64.1 bp −$64 | 238.4 bp −$2,384 | 1183.2 bp −$118.3K | 1424.4 bp −$712.2K |
| Sell Bitget live order book, 8 min ago | 15.82 bp | 37.1 bp −$37 | 156.9 bp −$1,569 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.2502% | 4h | 0.01537 | −0.614% | $3.5M | $554K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01545 | −0.045% | $14K | $52K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01547 | +0.052% | $3.1M | $1.0M | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01544 | −0.142% | $1.9M | $685K | 20x | as long as short |
| Bitget USUSDTshort | +0.0100% | 4h | 0.01549 | +0.155% | $4.1M | $296K | 10x | |
| Variational Omni US | +0.0100% | 4h | 0.01549 | +0.167% | $16K | $4K | — | as long as short |
| BingX US-USDTlong | +0.0132% | 4h | 0.01546 | long leg | — | $1.3M | — | |
| MEXC US_USDT | +0.0182% | 4h | 0.01547 | +0.039% | $5.2M | $120K | 100x | as long as short |
| Binance USUSDT | +0.0184% | 4h | 0.01546 | −0.019% | $8.7M | $3.6M | 10x | as long as short |
| Extended US-USD | +0.0184% | 1h | 0.01547 | +0.044% | $4K | $203K | 5x | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Gate US_USDT
Variational Omni US
MEXC US_USDT
Binance USUSDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0196% | 4h | 0.01547 | +0.065% | $467K | $46K | 10x | as long as short |
BloFin US-USDT