Funding you earn now, next payment 08:00 UTC−0.0597%/8h= −65.3% APRnext payment −$2.98 per $10,000 · paid last 24h −0.169%
Price spread now: Bitget against BingX−0.073%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1401.403% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days+0.315%+$32 · spread now −0.073%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bitget is 0.092% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.309% in total (about -16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.98 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 | BingX M-USDT | 1.3633 | 0.0845 | pay 0.0422% / 4h | 2h 22m | — | $2.4M | — |
| Short | Bitget MUSDT | 1.3623 | 0.0248 | get 0.0124% / 4h | 2h 22m | $1.8M | $247K | 10x |
BingX M-USDT
Bitget MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$125.33
- Price spread: −0.073% → +0.018%
- −$9.15
- Slippage, 4 orders
- −$118.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$274.76
- Costs to cover
- 1.403%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 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 BingX live order book, 12 min ago | 6.98 bp | 16.3 bp −$16 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 7.35 bp | 58.4 bp −$58 | 403.3 bp −$4,033 | doesn't fit | doesn't fit |
M on 12 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 M_USDT | +0.0100% | 8h | 1.3607 | −0.191% | $1.8M | $913K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3626 | −0.051% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3627 | −0.044% | $2K | $827K | 20x | as long as short |
| Bitget MUSDTshort | +0.0248% | 4h | 1.3623 | −0.073% | $1.8M | $247K | 10x | |
| Bybit MUSDT | +0.0545% | 4h | 1.3633 | 0.000% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0583% | 4h | 1.3627 | −0.041% | $14K | $83K | 5x | as long as short |
| Variational Omni M | +0.0753% | 4h | 1.3589 | −0.321% | $84K | $43K | — | as long as short |
| BingX M-USDTlong | +0.0845% | 4h | 1.3633 | long leg | — | $2.4M | — | |
| BloFin M-USDT | +0.0865% | 4h | 1.3624 | −0.066% | $347K | $441K | 10x | as long as short |
| Binance MUSDT | +0.0883% | 4h | 1.3635 | +0.015% | $5.4M | $3.9M | 10x | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Bybit MUSDT
Aster MUSDT
Variational Omni M
BloFin M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.0890% | 4h | 1.3618 | −0.110% | $230K | $109K | 50x | as long as short |
| KuCoin MUSDTM | +0.2276% | 4h | 1.3501 | −0.965% | $1.4M | $3.8M | 10x | as long as short |
MEXC M_USDT
KuCoin MUSDTM