Funding you earn now, next payment 12:00 UTC−0.0789%/8h= −86.4% APRnext payment −$3.95 per $10,000 · paid last 24h −0.058%
Price spread now: Bybit against Bitget+0.082%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$2072.073% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days−0.319%−$32 · spread now +0.082%, 7d avg −0.051%
=The price spread pays, funding is against you. Bybit is 0.133% dearer against Bitget than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.051%): +$13 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.109% in total) that is about 8.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.95 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 MUSDT | 1.3452 | 0.1184 | pay 0.0592% / 4h | 3h 22m | $1.7M | $256K | 10x |
| Short | Bybit MUSDT | 1.3463 | 0.0395 | get 0.0197% / 4h | 3h 22m | $4.2M | $1.7M | 20x |
Bitget MUSDT
Bybit MUSDTFunding 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
- −$165.74
- Price spread: +0.082% → −0.051%
- $13.27
- Slippage, 4 orders
- −$184.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$359.79
- Costs to cover
- 2.073%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 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, 4 min ago | 14.94 bp | 66.6 bp −$67 | 650.7 bp −$6,507 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.12 bp | 42.2 bp −$42 | 243.8 bp −$2,438 | 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 | 1.3428 | −0.178% | $1.8M | $907K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3468 | +0.119% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3433 | −0.141% | $2K | $901K | 20x | as long as short |
| Aster MUSDT | +0.0223% | 4h | 1.3447 | −0.039% | $12K | $83K | 5x | as long as short |
| Bybit MUSDTshort | +0.0395% | 4h | 1.3463 | +0.082% | $4.2M | $1.7M | 20x | |
| Binance MUSDT | +0.0494% | 4h | 1.3450 | −0.018% | $5.4M | $3.9M | 10x | as long as short |
| MEXC M_USDT | +0.0498% | 4h | 1.3454 | +0.015% | $248K | $112K | 50x | as long as short |
| BloFin M-USDT | +0.0522% | 4h | 1.3475 | +0.171% | $346K | $454K | 10x | as long as short |
| Variational Omni M | +0.0871% | 4h | 1.3394 | −0.432% | $89K | $42K | — | as long as short |
| BingX M-USDT | +0.1130% | 4h | 1.3446 | −0.045% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Binance MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDTlong | +0.1184% | 4h | 1.3452 | long leg | $1.7M | $256K | 10x | |
| KuCoin MUSDTM | +0.1998% | 4h | 1.3356 | −0.714% | $1.3M | $3.6M | 10x | as long as short |
KuCoin MUSDTM