Funding you earn now, next payment 00:00 UTC+0.1090%/8h= +119.4% APRnext payment +$5.45 per $10,000 · paid last 24h +0.089%
Price spread now: Bybit against Bitget0.000%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1241.237% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now 0.000%, 7d avg +0.030%
=Funding pays, the price is against you. Bybit is 0.030% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.030%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.098% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.45 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 RIVERUSDT | 1.2740 | 0.0310 | pay 0.0155% / 4h | 55m 22s | $3.0M | $1.9M | 20x |
| Short | Bybit RIVERUSDT | 1.2740 | 0.1400 | get 0.0700% / 4h | 55m 22s | $3.8M | $1.7M | 25x |
Bitget RIVERUSDT
Bybit RIVERUSDTFunding 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
- $228.95
- Price spread: 0.000% → +0.030%
- −$3.04
- Slippage, 4 orders
- −$100.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $102.23
- Costs to cover
- 1.237%
- Break-even
- 3.9 days
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 3.93 bp | 13.9 bp −$14 | 267.4 bp −$2,674 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.93 bp | 41.6 bp −$42 | 525.6 bp −$5,256 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2750 | +0.078% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2750 | +0.078% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2740 | 0.000% | $2.5M | $2.1M | 50x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2740 | 0.000% | $2K | $964K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2720 | −0.157% | $48K | $95K | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0172% | 4h | 1.2715 | −0.196% | $39K | $415K | 10x | as long as short |
| Bitget RIVERUSDTlong | +0.0310% | 4h | 1.2740 | long leg | $3.0M | $1.9M | 20x | |
| Gate RIVER_USDT | +0.0372% | 4h | 1.2720 | −0.157% | $423K | $107K | 20x | as long as short |
| Aster RIVERUSDT | +0.0596% | 4h | 1.2742 | +0.013% | $73K | $29K | 10x | as long as short |
| MEXC RIVER_USDT | +0.0700% | 4h | 1.2750 | +0.078% | $3.7M | $1.5M | 50x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
GRVT RIVER_USDT_Perp
Gate RIVER_USDT
Aster RIVERUSDT
MEXC RIVER_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance RIVERUSDT | +0.0700% | 4h | 1.2754 | +0.110% | $6.1M | $10.3M | 50x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0719% | 1h | 1.2783 | +0.337% | $59K | $62K | 10x | as long as short |
| BloFin RIVER-USDT | +0.0754% | 4h | 1.2750 | +0.078% | $417K | $33K | 50x | as long as short |
| Variational Omni RIVER | +0.1081% | 4h | 1.2733 | −0.054% | $43K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1342% | 4h | 1.2740 | 0.000% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTshort | +0.1400% | 4h | 1.2740 | 0.000% | $3.8M | $1.7M | 25x |
Binance RIVERUSDT
Kraken Futures PF_RIVERUSD
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT