Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Bitget−0.027%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$391as in the Funding arb table
Net, price: spread back to 7d avg − costs−$391as in the Price arb table
costs, in and out, $10k−$3883.880% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.027%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.028% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MEUSDT | 0.07449 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $642K | $409K | 25x |
| Short | Bybit MEUSDT | 0.07447 | 0.0100 | get 0.0050% / 4h | 3h 11m | $1.5M | $668K | 25x |
Bitget MEUSDT
Bybit MEUSDTFunding 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
- $0
- Price spread: −0.027% → +0.002%
- −$2.84
- Slippage, 4 orders
- −$364.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$390.82
- Costs to cover
- 3.880%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 59 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, 59 min ago | 4.72 bp | 26.1 bp −$26 | 117.8 bp −$1,178 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.04 bp | 163.3 bp −$163 | 1043.8 bp −$10.4K | doesn't fit | doesn't fit |
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07447 | −0.027% | $235K | $97K | 3x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07446 | −0.040% | $2.2M | $3.9M | 50x | as long as short |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07447 | −0.027% | $1.5M | $668K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07446 | −0.040% | $479K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07450 | +0.013% | $190K | $73K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07448 | −0.013% | $508K | $131K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07450 | +0.013% | $208K | $26K | 30x | as long as short |
| Bitget MEUSDTlong | +0.0100% | 4h | 0.07449 | long leg | $642K | $409K | 25x | |
| BingX ME-USDT | +0.0100% | 4h | 0.07447 | −0.027% | — | $1.3M | — | as long as short |
| Variational Omni ME | +0.0100% | 4h | 0.07447 | −0.023% | $12K | $2K | — | as long as short |
Hyperliquid ME
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
BingX ME-USDT
Variational Omni MEShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MEUSDT | +0.0107% | 4h | 0.07445 | −0.058% | $13K | $20K | 5x | as long as short |
| BloFin ME-USDT | +0.0129% | 4h | 0.07449 | 0.000% | $109K | $7K | 50x | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07449 | +0.005% | $26K | — | 15x | as long as short |
Aster MEUSDT
BloFin ME-USDT
Reya MERUSDPERP