Funding you earn now, next payment 12:00 UTC−0.0950%/8h= −104.0% APRnext payment −$4.75 per $10,000 · paid last 24h −0.065%
Price spread now: Bitget against Bybit−0.246%7-day average −0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 7 days−0.707%−$71 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.246%, 7d avg −0.219%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bitget is 0.028% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.219%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005274 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $1.6M | $1.6M | 25x |
| Short | Bitget TUSDT | 0.005261 | −0.0850 | pay 0.0425% / 4h | 3h 56m | $883K | $631K | 50x |
Bybit TUSDT
Bitget TUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$199.5
- Price spread: −0.246% → −0.219%
- −$2.77
- Slippage, 4 orders
- −$117.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$342.4
- Costs to cover
- 1.401%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 39 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 Bybit live order book, 5 min ago | 4.75 bp | 39.0 bp −$39 | 308.8 bp −$3,088 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 39 min ago | 3.84 bp | 39.3 bp −$39 | 132.6 bp −$1,326 | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.1771% | 1h | 0.005274 | −0.004% | $4K | $2K | 10x | as long as short |
| Bitget TUSDTshort | −0.0850% | 4h | 0.005261 | −0.246% | $883K | $631K | 50x | |
| Variational Omni T | −0.0723% | 4h | 0.005260 | −0.269% | $7K | $6K | — | as long as short |
| MEXC T_USDT | −0.0600% | 4h | 0.005269 | −0.095% | $3.1M | $228K | 20x | as long as short |
| Binance TUSDT | −0.0590% | 4h | 0.005267 | −0.141% | $3.2M | $7.7M | 50x | as long as short |
| KuCoin TUSDTM | −0.0262% | 4h | 0.005269 | −0.095% | $1.3M | $96K | 12x | as long as short |
| Bybit TUSDTlong | +0.0100% | 4h | 0.005274 | long leg | $1.6M | $1.6M | 25x | |
| Gate T_USDT | +0.0100% | 4h | 0.005270 | −0.076% | $208K | $86K | 20x | as long as short |
Kraken Futures PF_TUSD
Variational Omni T
MEXC T_USDT
Binance TUSDT
KuCoin TUSDTM
Gate T_USDT