BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0670%/8h= −73.4% APRnext payment −$6.70 per $10,000 · paid last 24h −0.004%

Price spread now: Bitget against Binance+0.008%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$554as in the Funding arb table

Net, price: spread back to 7d avg − costs−$563as in the Price arb table

costs, in and out, $10k−$5635.631% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 2 days (all we have)−0.040%−$4 · spread now +0.008%, 7d avg +0.011%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.70 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	Binance BXUSDT	126.48	0.0670	pay 0.0670% / 8h	1h 58m	$805K	$451K	20x
Short	Bitget BXUSDT	126.49	0	get 0.0000% / 8h	1h 58m	$902K	$47K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$140.69
Price spread: +0.008% → +0.011%: −$0.26
Slippage, 4 orders: −$541.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$704.01
Costs to cover: 5.631%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 22 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, 3 min ago	1.58 bp	23.6 bp −$24	120.8 bp −$1,208	doesn't fit	doesn't fit
Sell Bitget live order book, 22 min ago	18.19 bp	50.2 bp −$50	86.8 bp −$868	doesn't fit	doesn't fit

BX on 14 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
Aster BXUSDT	0.0000%	8h	126.16	−0.251%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.34	−0.111%	$500K	$855K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.47	−0.008%	$159K	$102K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.46	−0.016%	$425K	$20K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.49	+0.008%	$902K	$47K	20x
SunX BX-USDT	0.0000%	8h	126.44	−0.032%	$1K	$304K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.54	+0.047%	$7K	$3K	20x	as long as short
QFEX BX-USD	+0.0018%	1h	126.44	−0.032%	$1.1M	$1.2M	10x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	126.23	−0.198%	$2K	$27K	12x	as long as short
KuCoin BXUSDTM	+0.0398%	8h	126.33	−0.119%	$112K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0413%	8h	126.46	−0.019%	$31K	$127	—	as long as short
tradeXYZ xyz:BX	+0.0523%	1h	126.31	−0.134%	$663K	$176K	10x	as long as short
Binance BXUSDTlong	+0.0670%	8h	126.48	long leg	$805K	$451K	20x
GRVT BX_USDT_Perp	+0.1518%	8h	126.43	−0.040%	$301	$127K	10x	as long as short