Funding you earn now, next payment 22:00 UTC−0.9523%/8h= −1042.8% APRpaid last 24h −1.061%
Price spread now: Bitget against Bybit+0.734%7-day average −0.416% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$1121.116% of the position
Funding, last 7 days−0.896%−$90 on $10k
+Price spread, last 7 days−3.027%−$303 · spread now +0.734%, 7d avg −0.416%
=The price spread pays, funding is against you. Bitget is 1.151% dearer against Bybit than usual: you sell high and buy low (spread +0.734% now, against its 7-day average of −0.416%): +$115 on $10k if it goes back. Holding the pair costs −$286 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.896% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.896% in total (about -46.7% a year). A funding rate is set anew for every payment. 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 CVCUSDT | 0.02723 | 0.9503 | pay 0.1188% / 1h | 24m 45s | $1.7M | $1.4M | 25x |
| Short | Bitget CVCUSDT | 0.02743 | −0.0020 | pay 0.0010% / 4h | 2h 24m | $463K | $469K | 50x |
Bybit CVCUSDT
Bitget CVCUSDTFunding 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
- −$1,999.8
- Price spread: +0.734% → −0.416%
- $115.07
- Slippage, 4 orders
- −$88.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,996.35
- Costs to cover
- 1.116%
- Break-even
- from the start
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 59 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 | 1.84 bp | 35.6 bp −$36 | 461.7 bp −$4,617 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 59 min ago | 5.49 bp | 16.6 bp −$17 | 72.2 bp −$722 | doesn't fit | doesn't fit |
CVC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDT | −0.1120% | 4h | 0.02743 | +0.734% | $209K | $312K | 25x | as long as short |
| Bitget CVCUSDTshort | −0.0020% | 4h | 0.02743 | +0.734% | $463K | $469K | 50x | |
| BingX CVC-USDT | −0.0006% | 4h | 0.02745 | +0.808% | — | $2.4M | — | as long as short |
| Binance CVCUSDT | +0.0033% | 4h | 0.02745 | +0.808% | $3.0M | $5.7M | 50x | as long as short |
| MEXC CVC_USDT | +0.0034% | 4h | 0.02744 | +0.771% | $661K | $123K | 20x | as long as short |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02749 | +0.955% | $1.4M | $398K | 30x | as long as short |
| Variational Omni CVC | +0.6343% | 1h | 0.02723 | +0.015% | $1K | $370 | — | as long as short |
| Bybit CVCUSDTlong | +0.9503% | 1h | 0.02723 | long leg | $1.7M | $1.4M | 25x |
Gate CVC_USDT
BingX CVC-USDT
Binance CVCUSDT
MEXC CVC_USDT
KuCoin CVCUSDTM
Variational Omni CVC