Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.011%
Price spread now: Bybit against Bitget+0.084%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$640.645% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now +0.084%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.054% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7113 | 0.0022 | pay 0.0011% / 4h | 2h 33m | $6.1M | $5.6M | 75x |
| Short | Bybit ETHFIUSDT | 0.7119 | 0.0100 | get 0.0050% / 4h | 2h 33m | $18.2M | $12.6M | 25x |
Bitget ETHFIUSDT
Bybit ETHFIUSDTFunding 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
- $16.38
- Price spread: +0.084% → +0.030%
- $5.45
- Slippage, 4 orders
- −$41.46
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.63
- Costs to cover
- 0.645%
- Break-even
- 25.2 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 2.09 bp | 15.6 bp −$16 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.09 bp | 20.5 bp −$20 | 48.0 bp −$480 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0872% | 1h | 0.7121 | +0.112% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0214% | 1h | 0.7127 | +0.195% | $278K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0156% | 4h | 0.7118 | +0.070% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0030% | 4h | 0.7125 | +0.169% | $83K | $164K | 20x | as long as short |
| Bitget ETHFIUSDTlong | +0.0022% | 4h | 0.7113 | long leg | $6.1M | $5.6M | 75x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.785% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0035% | 8h | 0.7119 | +0.082% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0093% | 4h | 0.7160 | +0.664% | $1.0M | $718K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7126 | +0.184% | $1.1M | $890K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7113 | +0.006% | $92K | $495K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Lighter ETHFI
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETHFI_USDT | +0.0096% | 4h | 0.7119 | +0.084% | $15.2M | $3.7M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0097% | 4h | 0.7114 | +0.019% | $25.1M | $36.2M | 75x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7120 | +0.100% | $18.9M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7127 | +0.197% | $181K | $252K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7119 | +0.084% | $18.2M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7120 | +0.098% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7121 | +0.112% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7119 | +0.084% | $1.2M | $268K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7120 | +0.098% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7134 | +0.288% | $56K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7125 | +0.169% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7125 | +0.169% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7207 | +1.322% | $32K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0338% | 4h | 0.7145 | +0.450% | $1.3M | $292K | 75x | as long as short |
MEXC ETHFI_USDT
Binance ETHFIUSDT
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT