Funding you earn now, next payment 04:00 UTC−0.0442%/8h= −48.4% APRnext payment −$2.21 per $10,000 · paid last 24h −0.036%
Price spread now: Bitget against BingX−0.065%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1511.509% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.065%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.051% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.21 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 | BingX BB-USDT | 0.009186 | 0.0542 | pay 0.0271% / 4h | 1h 16m | — | $1.3M | — |
| Short | Bitget BBUSDT | 0.009180 | 0.0100 | get 0.0050% / 4h | 1h 16m | $330K | $470K | 50x |
BingX BB-USDT
Bitget BBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$92.82
- Price spread: −0.065% → −0.015%
- −$5.07
- Slippage, 4 orders
- −$128.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$248.77
- Costs to cover
- 1.509%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 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 BingX live order book, 5 min ago | 7.09 bp | 45.3 bp −$45 | 159.6 bp −$1,596 | 605.9 bp −$60.6K | 895.2 bp −$447.6K |
| Sell Bitget live order book, 40 min ago | 11.01 bp | 34.2 bp −$34 | 248.0 bp −$2,480 | doesn't fit | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BBUSDT | +0.0100% | 4h | 0.009184 | −0.025% | $12K | $13K | 5x | as long as short |
| Binance BBUSDT | +0.0100% | 4h | 0.009182 | −0.044% | $3.3M | $6.8M | 50x | as long as short |
| Gate BB_USDT | +0.0100% | 4h | 0.009190 | +0.044% | $133K | $220K | 50x | as long as short |
| MEXC BB_USDT | +0.0100% | 4h | 0.009176 | −0.109% | $1.4M | $572K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009190 | +0.044% | $451K | $89K | 50x | as long as short |
| Bitget BBUSDTshort | +0.0100% | 4h | 0.009180 | −0.065% | $330K | $470K | 50x | |
| Bybit BBUSDT | +0.0533% | 4h | 0.009189 | +0.033% | $697K | $791K | 25x | as long as short |
| BingX BB-USDTlong | +0.0542% | 4h | 0.009186 | long leg | — | $1.3M | — | |
| Kraken Futures PF_BBUSD | +0.1953% | 1h | 0.009179 | −0.072% | $22K | $2K | 10x | as long as short |
Aster BBUSDT
Binance BBUSDT
Gate BB_USDT
MEXC BB_USDT
KuCoin BBUSDTM
Bybit BBUSDT
Kraken Futures PF_BBUSD