Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.13 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against Binance−0.016%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.016%, 7d avg −0.012%
=The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USDCUSDT | 0.9995 | −0.0122 | get 0.0122% / 8h | 52m 10s | $4.3M | $3.6M | 50x |
| Short | Bitget USDCUSDT | 0.9993 | −0.0109 | pay 0.0109% / 8h | 52m 10s | $4.3M | $17K | 50x |
Binance USDCUSDT
Bitget USDCUSDTFunding 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
- $2.79
- Price spread: −0.016% → −0.012%
- −$0.38
- Slippage, 4 orders
- −$2.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.43
- Costs to cover
- 0.248%
- Break-even
- 63.3 days
Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 1 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, 15 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 8.8 bp −$879 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.00 bp | 7.8 bp −$8 | 8.1 bp −$81 | 20.2 bp −$2,023 | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDTlong | −0.0122% | 8h | 0.9995 | long leg | $4.3M | $3.6M | 50x | |
| MEXC USDC_USDT | −0.0121% | 8h | 0.9994 | −0.001% | $16.6M | $265K | 200x | as long as short |
| Bitget USDCUSDTshort | −0.0109% | 8h | 0.9993 | −0.016% | $4.3M | $17K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0067% | 1h | 0.9997 | +0.028% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0025% | 8h | 0.9995 | +0.004% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.064% | $9.5M | $348K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.052% | $1.1M | $45K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9995 | +0.004% | $253K | $19K | 50x | as long as short |
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT