Funding you earn now, next payment 05:00 UTC−0.0697%/8h= −76.3% APRnext payment −$0.87 per $10,000 · paid last 24h −0.488%
Price spread now: Bitget against Binance+0.724%7-day average −0.283% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$1081.079% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 7 days−1.411%−$141 · spread now +0.724%, 7d avg −0.283%
=The price spread pays, funding is against you. Bitget is 1.007% dearer against Binance than usual: you sell high and buy low (spread +0.724% now, against its 7-day average of −0.283%): +$101 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.198% in total) that is about 36 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.87 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 | Binance ONEUSDT | 0.004039 | −0.1183 | get 0.0148% / 1h | 9m 35s | $13.9M | $332.6M | 50x |
| Short | Bitget ONEUSDT | 0.004068 | −0.1880 | pay 0.0235% / 1h | 9m 35s | $1.9M | $31.4M | 20x |
Binance ONEUSDT
Bitget ONEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$146.29
- Price spread: +0.724% → −0.283%
- $100.65
- Slippage, 4 orders
- −$85.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$153.57
- Costs to cover
- 1.079%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 4 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 Binance live order book, 4 min ago | 0.12 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.80 bp | 38.2 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
ONE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAP | −5.3124% | 1h | 0.005251 | +29.992% | $6.3M | $237.1M | 10x | as long as short |
| Variational Omni ONE | −0.8094% | 1h | 0.004000 | −0.961% | $99K | $51K | — | as long as short |
| KuCoin ONEUSDTM | −0.3136% | 1h | 0.004194 | +3.833% | $3.9M | $12.3M | 30x | as long as short |
| BloFin ONE-USDT | −0.2085% | 1h | 0.004003 | −0.898% | $789K | $2.3M | 50x | as long as short |
| Aster ONEUSDT | −0.1894% | 1h | 0.004037 | −0.061% | $2.1M | $5.8M | 5x | as long as short |
| Bitget ONEUSDTshort | −0.1880% | 1h | 0.004068 | +0.724% | $1.9M | $31.4M | 20x | |
| Binance ONEUSDTlong | −0.1183% | 1h | 0.004039 | long leg | $13.9M | $332.6M | 50x | |
| MEXC ONE_USDT | −0.1152% | 1h | 0.004049 | +0.251% | $11.2M | $15.2M | 20x | as long as short |
| Gate ONE_USDT | −0.0569% | 8h | 0.004029 | −0.252% | $1.8M | $15.4M | 20x | as long as short |
| BingX ONE-USDT | −0.0096% | 1h | 0.004059 | +0.498% | — | $5.6M | — | as long as short |
OKX ONE-USDT-SWAP
Variational Omni ONE
KuCoin ONEUSDTM
BloFin ONE-USDT
Aster ONEUSDT
MEXC ONE_USDT
Gate ONE_USDT
BingX ONE-USDT