Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.011%
Price spread now: Bitget against Bybit−0.184%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$780.780% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days+0.149%+$15 · spread now −0.184%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.154% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7076 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $18.1M | $12.7M | 25x |
| Short | Bitget ETHFIUSDT | 0.7063 | 0.0028 | get 0.0014% / 4h | 2h 27m | $6.0M | $5.6M | 75x |
Bybit ETHFIUSDT
Bitget ETHFIUSDTFunding 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
- −$15.12
- Price spread: −0.184% → −0.030%
- −$15.38
- Slippage, 4 orders
- −$54.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$108.49
- Costs to cover
- 0.780%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: 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 Bybit live order book, 1 min ago | 4.24 bp | 21.6 bp −$22 | 50.2 bp −$502 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.82 bp | 17.8 bp −$18 | 39.9 bp −$399 | 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 | −0.0738% | 1h | 0.7076 | 0.000% | $41K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0216% | 1h | 0.7075 | −0.009% | $273K | $136K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0163% | 4h | 0.7074 | −0.028% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0086% | 4h | 0.7066 | −0.141% | $82K | $164K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0025% | 8h | 0.7068 | −0.111% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDTshort | +0.0028% | 4h | 0.7063 | −0.184% | $6.0M | $5.6M | 75x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.318% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDT | +0.0086% | 4h | 0.7067 | −0.133% | $24.7M | $36.8M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0086% | 4h | 0.7076 | 0.000% | $14.9M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7118 | +0.590% | $92K | $495K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7071 | −0.071% | $1.1M | $907K | 5x | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7125 | +0.695% | $1.0M | $718K | — | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7067 | −0.130% | $18.2M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7096 | +0.286% | $181K | $254K | 10x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7076 | long leg | $18.1M | $12.7M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7075 | −0.014% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7106 | +0.424% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7071 | −0.071% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7086 | +0.141% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7080 | +0.051% | $57K | $82K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7081 | +0.071% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7074 | −0.028% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7090 | +0.198% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0330% | 4h | 0.7071 | −0.071% | $1.3M | $291K | 75x | as long as short |
Lighter ETHFI
Variational Omni ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT