Funding you earn now, next payment 08:00 UTC−0.1545%/8h= −169.2% APRnext payment −$15.45 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+1.009%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$389as in the Price arb table
costs, in and out, $10k−$4884.878% of the position
Funding, last 6 days (all we have)+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.849%−$85 · spread now +1.009%, 7d avg +0.024%
=The price spread pays, funding is against you. Bitget is 0.985% dearer against Bybit than usual: you sell high and buy low (spread +1.009% now, against its 7-day average of +0.024%): +$99 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 6 days funding on this pair paid +0.180%, 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 6 days it paid 0.180% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.45 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 | Bybit CONLUSDT | 6.4400 | 0 | get 0.0000% / 8h | 6h 19m | $152K | $285K | 25x |
| Short | Bitget CONLUSDT | 6.5050 | −0.1545 | pay 0.1545% / 8h | 6h 19m | $250K | $207K | 20x |
Bybit CONLUSDT
Bitget CONLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$324.45
- Price spread: +1.009% → +0.024%
- $98.54
- Slippage, 4 orders
- −$464.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$713.74
- Costs to cover
- 4.878%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 31 min ago; Bitget: live order book, 40 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 Bybit live order book, 31 min ago | 15.34 bp | 203.5 bp −$203 | 1561.8 bp −$15.6K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 40 min ago | 25.61 bp | 57.0 bp −$57 | 64.5 bp −$645 | 198.4 bp −$19.8K | doesn't fit |
CONL on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CONLUSDTshort | −0.1545% | 8h | 6.5050 | +1.009% | $250K | $207K | 20x | |
| Bybit CONLUSDTlong | 0.0000% | 8h | 6.4400 | long leg | $152K | $285K | 25x | |
| Gate CONL_USDT | 0.0000% | 8h | 6.4760 | +0.559% | $3K | $6K | 20x | as long as short |
| HTX CONL-USDT | 0.0000% | 8h | 6.4600 | +0.311% | $1K | $47K | 20x | as long as short |
Gate CONL_USDT
HTX CONL-USDT