Settings8H · net · $10k
Funding arb · Price arb /

US

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h +0.009%
Price spread now: Extended against Bitget−0.055%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$294as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$3093.085% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.145%+$14 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now −0.055%, 7d avg −0.103%
Together, before fees+0.145%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.048% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.103%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USUSDT0.016330.0134pay 0.0067% / 4h1h 36m$4.3M$266K10x
ShortExtended US-USD0.016320.0384get 0.0048% / 1h36m 48s$6K$171K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$52.5
Price spread: −0.055% → −0.103%
$4.81
Slippage, 4 orders
−$291.52
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$251.21
Costs to cover
3.085%
Break-even
40.5 days
Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago11.62 bp42.8 bp −$43466.0 bp −$4,660doesn't fitdoesn't fit
Sell Extended live order book, 41 min ago5.18 bp101.2 bp −$101doesn't fitdoesn't fitdoesn't fit

US on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USUSDTM+0.0082%4h0.01623−0.612%$4.0M$399K20xas long as short
Bybit USUSDT+0.0100%4h0.01633+0.024%$3.2M$936K20xas long as short
Gate US_USDT+0.0100%4h0.01631−0.129%$2.1M$604K20xas long as short
Variational Omni US+0.0100%4h0.01636+0.203%$16K$4Kas long as short
Bitget USUSDTlong+0.0134%4h0.01633long leg$4.3M$266K10x
Aster USUSDT+0.0256%4h0.01633−0.012%$12K$54K5xas long as short
BloFin US-USDT+0.0342%4h0.01633−0.018%$481K$49K10xas long as short
Binance USUSDT+0.0381%4h0.01632−0.055%$9.1M$3.3M10xas long as short
Extended US-USDshort+0.0384%1h0.01632−0.055%$6K$171K5x
MEXC US_USDT+0.0390%4h0.01632−0.024%$5.5M$114K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0400%4h0.01633+0.006%$1.3Mas long as short