Funding you earn now, next payment 12:00 UTC−0.0288%/8h= −31.5% APRnext payment −$1.44 per $10,000 · paid last 24h −0.098%
Price spread now: Bybit against Bitget−0.281%7-day average −0.004% · 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−$147as in the Price arb table
costs, in and out, $10k−$1191.188% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 7 days+0.254%+$25 · spread now −0.281%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.277% cheaper against Bitget than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.44 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 BRUSDT | 1.1440 | 0.0388 | pay 0.0194% / 4h | 3h 22m | $8.4M | $9.2M | 10x |
| Short | Bybit BRUSDT | 1.1407 | 0.0100 | get 0.0050% / 4h | 3h 22m | $11.1M | $21.0M | 5x |
Bitget BRUSDT
Bybit BRUSDTFunding 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
- −$60.48
- Price spread: −0.281% → −0.004%
- −$27.7
- Slippage, 4 orders
- −$95.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$207.03
- Costs to cover
- 1.188%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 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, 6 min ago | 2.93 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.84 bp | 38.9 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
BR 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BRUSDTshort | +0.0100% | 4h | 1.1407 | −0.281% | $11.1M | $21.0M | 5x | |
| SunX BR-USDT | +0.0100% | 4h | 1.1400 | −0.344% | — | $731K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1447 | +0.065% | $87K | $221K | 20x | as long as short |
| Variational Omni BR | +0.0105% | 4h | 1.1385 | −0.476% | $271K | $253K | — | as long as short |
| BingX BR-USDT | +0.0166% | 4h | 1.1414 | −0.227% | — | $5.5M | — | as long as short |
| Aster BRUSDT | +0.0222% | 4h | 1.1403 | −0.319% | $663K | $2.2M | 5x | as long as short |
| KuCoin BRUSDTM | +0.0318% | 4h | 1.1415 | −0.219% | $5.0M | $4.7M | 30x | as long as short |
| Gate BR_USDT | +0.0366% | 4h | 1.1399 | −0.356% | $7.5M | $7.8M | 20x | as long as short |
| Bitget BRUSDTlong | +0.0388% | 4h | 1.1440 | long leg | $8.4M | $9.2M | 10x | |
| MEXC BR_USDT | +0.0888% | 4h | 1.1410 | −0.260% | $15.4M | $6.1M | 100x | as long as short |
SunX BR-USDT
HTX BR-USDT
Variational Omni BR
BingX BR-USDT
Aster BRUSDT
KuCoin BRUSDTM
Gate BR_USDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.0888% | 4h | 1.1422 | −0.151% | $54.4M | $127.0M | 25x | as long as short |
Binance BRUSDT