Funding you earn now, next payment 00:00 UTC−0.0386%/8h= −42.3% APRnext payment −$1.93 per $10,000 · paid last 24h −0.062%
Price spread now: Bybit against Bitget−0.134%7-day average +0.274% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2252.245% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.216%+$22 · spread now −0.134%, 7d avg +0.274%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.408% cheaper against Bitget than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.274%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.93 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 USUSDT | 0.01642 | 0.0486 | pay 0.0243% / 4h | 2h 30m | $4.3M | $243K | 10x |
| Short | Bybit USUSDT | 0.01640 | 0.0100 | get 0.0050% / 4h | 2h 30m | $3.2M | $827K | 20x |
Bitget USUSDT
Bybit USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$81.06
- Price spread: −0.134% → +0.274%
- −$40.84
- Slippage, 4 orders
- −$201.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$346.4
- Costs to cover
- 2.245%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 12.78 bp | 47.4 bp −$47 | 468.0 bp −$4,680 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.09 bp | 72.9 bp −$73 | doesn't fit | 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 | −0.0008% | 4h | 0.01644 | +0.079% | $4.2M | $272K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01641 | −0.081% | $12K | $54K | 5x | as long as short |
| Bybit USUSDTshort | +0.0100% | 4h | 0.01640 | −0.134% | $3.2M | $827K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01639 | −0.207% | $2.1M | $541K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01640 | −0.145% | $16K | $3K | — | as long as short |
| Binance USUSDT | +0.0101% | 4h | 0.01640 | −0.140% | $9.2M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0104% | 1h | 0.01640 | −0.135% | $4K | $141K | 5x | as long as short |
| BloFin US-USDT | +0.0106% | 4h | 0.01641 | −0.104% | $480K | $49K | 10x | as long as short |
| MEXC US_USDT | +0.0108% | 4h | 0.01640 | −0.122% | $5.5M | $116K | 100x | as long as short |
| Bitget USUSDTlong | +0.0486% | 4h | 0.01642 | long leg | $4.3M | $243K | 10x |
KuCoin USUSDTM
Aster USUSDT
Gate US_USDT
Variational Omni US
Binance USUSDT
Extended US-USD
BloFin US-USDT
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0496% | 4h | 0.01640 | −0.146% | — | $1.3M | — | as long as short |
BingX US-USDT