Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRnext payment −$3.88 per $10,000 · paid last 24h −0.014%
Price spread now: Bitget against Bybit−0.102%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1301.300% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.102%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.071% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
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 −$3.88 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 BICOUSDT | 0.02253 | 0.0488 | pay 0.0488% / 8h | 5h 35m | $2.4M | $3.8M | 20x |
| Short | Bitget BICOUSDT | 0.02251 | 0.0100 | get 0.0100% / 8h | 5h 35m | $639K | $499K | 10x |
Bybit BICOUSDT
Bitget BICOUSDTFunding 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
- −$81.47
- Price spread: −0.102% → −0.031%
- −$7.06
- Slippage, 4 orders
- −$107.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$218.56
- Costs to cover
- 1.300%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 25 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, 2 min ago | 3.56 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 25 min ago | 6.61 bp | 26.4 bp −$26 | 99.8 bp −$998 | 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 | 0.02251 | −0.107% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02253 | −0.014% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02254 | +0.031% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02252 | −0.058% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDTshort | +0.0100% | 8h | 0.02251 | −0.102% | $639K | $499K | 10x | |
| Variational Omni BICO | +0.0322% | 8h | 0.02252 | −0.075% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0401% | 8h | 0.02256 | +0.120% | $1.1M | $1.3M | 20x | as long as short |
| Bybit BICOUSDTlong | +0.0488% | 8h | 0.02253 | long leg | $2.4M | $3.8M | 20x | |
| BingX BICO-USDT | +0.0495% | 8h | 0.02252 | −0.058% | — | $1.7M | — | as long as short |
| Gate BICO_USDT | +0.0523% | 8h | 0.02250 | −0.146% | $380K | $339K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Variational Omni BICO
KuCoin BICOUSDTM
BingX BICO-USDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.7154% | 1h | 0.02262 | +0.376% | $37K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD