Funding you earn now, next payment 08:00 UTC−0.0188%/8h= −20.5% APRnext payment −$0.94 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against Bybit−0.169%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$335as in the Funding arb table
Net, price: spread back to 7d avg − costs−$347as in the Price arb table
costs, in and out, $10k−$3343.342% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.205%+$21 · spread now −0.169%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.132% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 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 ACTUSDT | 0.01122 | 0.0288 | pay 0.0144% / 4h | 0m 19s | $670K | $462K | 25x |
| Short | Bitget ACTUSDT | 0.01120 | 0.0100 | get 0.0050% / 4h | 0m 19s | $270K | $75K | 10x |
Bybit ACTUSDT
Bitget ACTUSDTFunding 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
- −$39.38
- Price spread: −0.169% → −0.037%
- −$13.23
- Slippage, 4 orders
- −$311.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$386.79
- Costs to cover
- 3.342%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 30 min ago; Bitget: live order book, 30 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, 30 min ago | 5.85 bp | 107.1 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 30 min ago | 4.50 bp | 46.7 bp −$47 | 495.1 bp −$4,951 | doesn't fit | doesn't fit |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDT | +0.0100% | 4h | 0.01120 | −0.214% | $2.2M | $2.4M | 10x | as long as short |
| OKX ACT-USDT-SWAP | +0.0100% | 4h | 0.01120 | −0.143% | $810K | $1.5M | 10x | as long as short |
| Gate ACT_USDT | +0.0100% | 4h | 0.01120 | −0.169% | $145K | $112K | 25x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01120 | −0.196% | $6.5M | $117K | 20x | as long as short |
| Bitget ACTUSDTshort | +0.0100% | 4h | 0.01120 | −0.169% | $270K | $75K | 10x | |
| BingX ACT-USDT | +0.0268% | 4h | 0.01120 | −0.196% | — | $1.2M | — | as long as short |
| Bybit ACTUSDTlong | +0.0288% | 4h | 0.01122 | long leg | $670K | $462K | 25x |
Binance ACTUSDT
OKX ACT-USDT-SWAP
Gate ACT_USDT
MEXC ACT_USDT
BingX ACT-USDT