Funding you earn now, next payment 00:00 UTC−0.0417%/8h= −45.7% APRnext payment −$4.17 per $10,000 · paid last 24h −0.547%
Price spread now: Bitget against Binance+0.115%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days−0.921%−$92 on $10k
+Price spread, last 2 days (all we have)+0.283%+$28 · spread now +0.115%, 7d avg +0.078%
=The price spread pays, funding is against you. Bitget is 0.037% dearer against Binance than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.078%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNCUSDT | 6.5781 | 0.0417 | pay 0.0417% / 8h | 1h 48m | $15.4M | $36.4M | 10x |
| Short | Bitget BNCUSDT | 6.5857 | 0 | get 0.0000% / 8h | 1h 48m | $1.2M | $3.8M | 5x |
Binance BNCUSDT
Bitget BNCUSDTFunding 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
- −$87.63
- Price spread: +0.115% → +0.078%
- $3.67
- Slippage, 4 orders
- −$84.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$190.85
- Costs to cover
- 1.069%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 5 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, 9 min ago | 1.52 bp | 25.7 bp −$26 | 88.7 bp −$887 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.02 bp | 27.8 bp −$28 | 66.8 bp −$668 | 135.5 bp −$13.5K | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BNC-USD | −0.0018% | 1h | 6.5800 | +0.028% | $53K | $40K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.5830 | +0.074% | $596K | $2.4M | 25x | as long as short |
| Bitget BNCUSDTshort | 0.0000% | 8h | 6.5857 | +0.115% | $1.2M | $3.8M | 5x | |
| Bullet BNC-USD | 0.0000% | 1h | 6.5774 | −0.011% | $10K | $74K | 10x | as long as short |
| Aster BNCUSD1 | +0.0029% | 8h | 6.5732 | −0.075% | $188K | $23K | 10x | as long as short |
| HTX BNC-USDT | +0.0064% | 8h | 6.5960 | +0.272% | $14K | $32K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.5910 | +0.196% | $57K | $3.0M | 20x | as long as short |
| Variational Omni BNC | +0.0290% | 8h | 6.5944 | +0.248% | $97K | $64K | — | as long as short |
| Binance BNCUSDTlong | +0.0417% | 8h | 6.5781 | long leg | $15.4M | $36.4M | 10x |
QFEX BNC-USD
Bybit BNCUSDT
Bullet BNC-USD
Aster BNCUSD1
HTX BNC-USDT
KuCoin BNCUSDTM
Variational Omni BNC