Funding you earn now, next payment 08:00 UTC+0.0541%/8h= +59.2% APRnext payment +$5.41 per $10,000 · paid last 24h +0.014%
Price spread now: Bybit against Bitget+0.220%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1511.507% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.220%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.190% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.41 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 BICOUSDT | 0.02272 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $654K | $470K | 10x |
| Short | Bybit BICOUSDT | 0.02277 | 0.0641 | get 0.0641% / 8h | 7h 11m | $2.5M | $3.7M | 20x |
Bitget BICOUSDT
Bybit BICOUSDTFunding 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
- $113.57
- Price spread: +0.220% → +0.030%
- $19.04
- Slippage, 4 orders
- −$127.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.13
- Costs to cover
- 1.507%
- Break-even
- 8.1 days
Slippage from Bitget: live order book, 59 min ago; Bybit: live order book, 1 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, 59 min ago | 4.44 bp | 19.9 bp −$20 | 87.4 bp −$874 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.17 bp | 48.3 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
BICO on 11 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 BICOUSDT | +0.0100% | 8h | 0.02272 | +0.003% | $95K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02274 | +0.088% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02272 | 0.000% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02276 | +0.176% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDTlong | +0.0100% | 8h | 0.02272 | long leg | $654K | $470K | 10x | |
| KuCoin BICOUSDTM | +0.0174% | 8h | 0.02283 | +0.484% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0194% | 8h | 0.02277 | +0.223% | $17K | $5K | — | as long as short |
| Gate BICO_USDT | +0.0527% | 8h | 0.02277 | +0.220% | $407K | $301K | 20x | as long as short |
| BingX BICO-USDT | +0.0563% | 8h | 0.02274 | +0.088% | — | $1.7M | — | as long as short |
| Bybit BICOUSDTshort | +0.0641% | 8h | 0.02277 | +0.220% | $2.5M | $3.7M | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Variational Omni BICO
Gate BICO_USDT
BingX BICO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.3449% | 1h | 0.02295 | +1.013% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD