Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.49 per $10,000 · paid last 24h +0.028%
Price spread now: Binance against Bitget−0.049%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1501.500% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now −0.049%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.029% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.164%, 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 | Bitget USUSDT | 0.01632 | 0.0366 | pay 0.0183% / 4h | 2h 57m | $4.3M | $259K | 10x |
| Short | Binance USUSDT | 0.01631 | 0.0268 | get 0.0134% / 4h | 2h 57m | $9.1M | $3.2M | 10x |
Bitget USUSDT
Binance USUSDTFunding 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
- −$20.52
- Price spread: −0.049% → −0.020%
- −$2.89
- Slippage, 4 orders
- −$128.01
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$173.42
- Costs to cover
- 1.500%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 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, 1 min ago | 13.47 bp | 47.9 bp −$48 | 452.9 bp −$4,529 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.68 bp | 12.2 bp −$12 | 21.3 bp −$213 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01633 | +0.061% | $3.2M | $934K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01629 | −0.178% | $2.0M | $587K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01621 | −0.637% | $4.0M | $361K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01633 | +0.093% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0199% | 4h | 0.01630 | −0.127% | $12K | $54K | 5x | as long as short |
| MEXC US_USDT | +0.0268% | 4h | 0.01631 | −0.031% | $5.5M | $112K | 100x | as long as short |
| Binance USUSDTshort | +0.0268% | 4h | 0.01631 | −0.049% | $9.1M | $3.2M | 10x | |
| Extended US-USD | +0.0272% | 1h | 0.01630 | −0.106% | $4K | $168K | 5x | as long as short |
| BloFin US-USDT | +0.0283% | 4h | 0.01632 | −0.006% | $479K | $49K | 10x | as long as short |
| Bitget USUSDTlong | +0.0366% | 4h | 0.01632 | long leg | $4.3M | $259K | 10x |
Bybit USUSDT
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
Aster USUSDT
MEXC US_USDT
Extended US-USD
BloFin US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0370% | 4h | 0.01632 | +0.018% | — | $1.3M | — | as long as short |
BingX US-USDT