Funding you earn now, next payment 03:00 UTC−0.0952%/8h= −104.2% APRpaid last 24h +0.220%
Price spread now: tradeXYZ against Bitget+1.141%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$1831.829% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 7 days−0.980%−$98 · spread now +1.141%, 7d avg +0.012%
=Together, before fees−0.279%+ Points / potential airdroptradeXYZ: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 1.129% dearer against Bitget than usual: you sell high and buy low (spread +1.141% now, against its 7-day average of +0.012%): +$113 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.701%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOFTBANKUSDT | 41.013 | −0.0407 | get 0.0407% / 8h | 5h 23m | $2.0M | $1.6M | 20x |
| Short | tradeXYZ xyz:SOFTBANK | 41.481 | −0.1359 | pay 0.0170% / 1h | 23m 28s | $1.6M | $498K | 10x |
Bitget SOFTBANKUSDT
tradeXYZ xyz:SOFTBANKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$199.82
- Price spread: +1.141% → +0.012%
- $112.93
- Slippage, 4 orders
- −$152.91
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$269.79
- Costs to cover
- 1.829%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; tradeXYZ: live order book, 3 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, 4 min ago | 2.56 bp | 10.5 bp −$10 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 28.28 bp | 42.3 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
SOFTBANK on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SOFTBANKshort | −0.1359% | 1h | 41.481 | +1.141% | $1.6M | $498K | 10x | |
| OKX SOFTBANK-USDT-SWAP | −0.0638% | 8h | 41.210 | +0.480% | $75K | $194K | 10x | as long as short |
| Bitget SOFTBANKUSDTlong | −0.0407% | 8h | 41.013 | long leg | $2.0M | $1.6M | 20x | |
| Gate SOFTBANK_USDT | 0.0000% | 8h | 41.290 | +0.675% | $5K | $754 | 20x | as long as short |
| HTX SOFTBANK-USDT | 0.0000% | 1h | 41.132 | +0.290% | $6K | $380K | 20x | as long as short |
OKX SOFTBANK-USDT-SWAP
Gate SOFTBANK_USDT
HTX SOFTBANK-USDT