Funding you earn now, next payment 04:00 UTC+0.0350%/8h= +38.3% APRnext payment +$1.75 per $10,000 · paid last 24h +0.081%
Price spread now: Bitget against Bybit+0.171%7-day average −0.271% · you sell dearer than you buy
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3703.695% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days−0.337%−$34 · spread now +0.171%, 7d avg −0.271%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bitget is 0.442% dearer against Bybit than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of −0.271%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.75 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 | Bybit USUSDT | 0.01639 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $3.2M | $917K | 20x |
| Short | Bitget USUSDT | 0.01642 | 0.0450 | get 0.0225% / 4h | 1h 39m | $4.3M | $261K | 10x |
Bybit USUSDT
Bitget USUSDTFunding 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
- $73.5
- Price spread: +0.171% → −0.271%
- $44.16
- Slippage, 4 orders
- −$346.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$251.87
- Costs to cover
- 3.695%
- Break-even
- 31.0 days
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 12.17 bp | 146.6 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 11.55 bp | 49.6 bp −$50 | 160.7 bp −$1,607 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDTlong | +0.0100% | 4h | 0.01639 | long leg | $3.2M | $917K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01636 | −0.195% | $2.1M | $592K | 20x | as long as short |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01636 | −0.171% | $4.1M | $289K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01640 | +0.029% | $16K | $3K | — | as long as short |
| Bitget USUSDTshort | +0.0450% | 4h | 0.01642 | +0.171% | $4.3M | $261K | 10x | |
| BloFin US-USDT | +0.0455% | 4h | 0.01642 | +0.165% | $484K | $49K | 10x | as long as short |
| BingX US-USDT | +0.0474% | 4h | 0.01641 | +0.092% | — | $1.3M | — | as long as short |
| Aster USUSDT | +0.0476% | 4h | 0.01639 | −0.012% | $12K | $54K | 5x | as long as short |
| Binance USUSDT | +0.0492% | 4h | 0.01640 | +0.059% | $9.1M | $3.3M | 10x | as long as short |
| Extended US-USD | +0.0496% | 1h | 0.01640 | +0.035% | $1K | $97K | 5x | as long as short |
Gate US_USDT
KuCoin USUSDTM
Variational Omni US
BloFin US-USDT
BingX US-USDT
Aster USUSDT
Binance USUSDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC US_USDT | +0.0498% | 4h | 0.01640 | +0.061% | $5.5M | $112K | 100x | as long as short |
MEXC US_USDT