Funding you earn now, next payment 08:00 UTC+0.1512%/8h= +165.6% APRnext payment +$15.12 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.044%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.044%, 7d avg +0.017%
=Funding pays, the price is against you. Bybit is 0.061% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.017%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.019% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.12 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 CRDOUSDT | 183.26 | −0.1512 | get 0.1512% / 8h | 1h 02m | $1.7M | $1.8M | 20x |
| Short | Bybit CRDOUSDT | 183.18 | 0 | get 0.0000% / 8h | 1h 02m | $686K | $748K | 25x |
Bitget CRDOUSDT
Bybit CRDOUSDTFunding 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
- $317.52
- Price spread: −0.044% → +0.017%
- −$6.08
- Slippage, 4 orders
- −$59.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $229.06
- Costs to cover
- 0.824%
- Break-even
- 2.0 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 38 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, 5 min ago | 10.90 bp | 20.6 bp −$21 | 57.4 bp −$574 | 173.8 bp −$17.4K | doesn't fit |
| Sell Bybit live order book, 38 min ago | 3.59 bp | 22.2 bp −$22 | 158.3 bp −$1,583 | doesn't fit | doesn't fit |
CRDO on 15 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 CRDOUSDTlong | −0.1512% | 8h | 183.26 | long leg | $1.7M | $1.8M | 20x | |
| Aster CRDOUSDT | 0.0000% | 8h | 183.24 | −0.010% | $37K | $10K | 20x | as long as short |
| Binance CRDOUSDT | 0.0000% | 8h | 183.11 | −0.082% | $4.0M | $9.6M | 20x | as long as short |
| Bybit CRDOUSDTshort | 0.0000% | 8h | 183.18 | −0.044% | $686K | $748K | 25x | |
| OKX CRDO-USDT-SWAP | 0.0000% | 8h | 183.08 | −0.098% | $913K | $1.7M | 20x | as long as short |
| Gate CRDO_USDT | 0.0000% | 8h | 183.21 | −0.027% | $629K | $140K | 20x | as long as short |
| Variational Omni CRDO | 0.0000% | 8h | 183.37 | +0.062% | $199K | $133K | — | as long as short |
| GRVT CRDO_USDT_Perp | 0.0000% | 8h | 183.15 | −0.059% | $355 | $136K | 10x | as long as short |
| SunX CRDO-USDT | 0.0000% | 8h | 183.36 | +0.055% | $1K | $488K | 10x | as long as short |
| HTX CRDO-USDT | 0.0000% | 8h | 182.91 | −0.191% | $8K | $41K | 20x | as long as short |
Aster CRDOUSDT
Binance CRDOUSDT
OKX CRDO-USDT-SWAP
Gate CRDO_USDT
Variational Omni CRDO
GRVT CRDO_USDT_Perp
SunX CRDO-USDT
HTX CRDO-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRDO-USD | +0.0013% | 1h | 183.06 | −0.109% | $1.1M | $2.3M | 10x | as long as short |
| Extended CRDO_24_5-USD | +0.0040% | 1h | 183.09 | −0.093% | $1K | — | 5x | as long as short |
| Vest CRDO-USD-PERP | +0.0046% | 1h | 183.17 | −0.049% | — | — | 5x | as long as short |
| KuCoin CRDOUSDTM | +0.0100% | 8h | 183.04 | −0.120% | $193K | $830K | 20x | as long as short |
| Paragon para:CRDO | +0.0980% | 1h | 183.48 | +0.120% | $1.3M | $482K | 10x | as long as short |
QFEX CRDO-USD
Extended CRDO_24_5-USD
Vest CRDO-USD-PERP
KuCoin CRDOUSDTM
Paragon para:CRDO