Funding you earn now, next payment 04:00 UTC−0.0926%/8h= −101.4% APRnext payment −$4.63 per $10,000 · paid last 24h −0.123%
Price spread now: Binance against Bitget−0.234%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days−0.598%−$60 on $10k
+Price spread, last 7 days+0.153%+$15 · spread now −0.234%, 7d avg −0.135%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Binance is 0.099% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.135%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.598% in total (about -31.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.63 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 牛来USDT | 0.1040 | 0.1116 | pay 0.0558% / 4h | 1h 25m | $1.8M | $4.6M | 10x |
| Short | Binance 牛来USDT | 0.1038 | 0.0190 | get 0.0095% / 4h | 1h 25m | $31.7M | $80.2M | 10x |
Bitget 牛来USDT
Binance 牛来USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$194.51
- Price spread: −0.234% → −0.135%
- −$9.91
- Slippage, 4 orders
- −$65.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$292.39
- Costs to cover
- 0.880%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago | 8.14 bp | 29.5 bp −$30 | 98.6 bp −$986 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.48 bp | 17.7 bp −$18 | 56.4 bp −$564 | doesn't fit | doesn't fit |
牛来 on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate 牛来_USDT | +0.0100% | 4h | 0.1039 | −0.144% | $2.8M | $5.6M | 20x | as long as short |
| SunX 牛来-USDT | +0.0100% | 4h | 0.1044 | +0.336% | $1K | $419K | 10x | as long as short |
| HTX 牛来-USDT | +0.0100% | 4h | 0.1040 | 0.000% | $123K | $979K | 20x | as long as short |
| Binance 牛来USDTshort | +0.0190% | 4h | 0.1038 | −0.234% | $31.7M | $80.2M | 10x | |
| Aster 牛来USDT | +0.0466% | 4h | 0.1037 | −0.261% | $574K | $440K | 10x | as long as short |
| Bitget 牛来USDTlong | +0.1116% | 4h | 0.1040 | long leg | $1.8M | $4.6M | 10x |
Gate 牛来_USDT
SunX 牛来-USDT
HTX 牛来-USDT
Aster 牛来USDT