Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.127%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1181.179% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now −0.127%, 7d avg −0.060%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.067% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WUSDT | 0.01177 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $1.3M | $577K | 50x |
| Short | Bybit WUSDT | 0.01175 | 0.0100 | get 0.0050% / 4h | 1h 37m | $4.1M | $2.0M | 50x |
Bitget WUSDT
Bybit WUSDTFunding 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
- $0
- Price spread: −0.127% → −0.060%
- −$6.74
- Slippage, 4 orders
- −$94.88
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$124.62
- Costs to cover
- 1.179%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 1 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, 4 min ago | 4.25 bp | 24.3 bp −$24 | 114.6 bp −$1,146 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.11 bp | 33.5 bp −$34 | 132.0 bp −$1,320 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0684% | 1h | 0.01177 | +0.008% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0028% | 4h | 0.01176 | −0.059% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.719% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.085% | $2.0M | $433K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01177 | −0.034% | $3.0M | $7.0M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01175 | −0.127% | $4.1M | $2.0M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −0.034% | $446K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | −0.034% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | +0.170% | $483K | $245K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01177 | long leg | $1.3M | $577K | 50x |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01177 | +0.017% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −0.088% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | +0.007% | $129K | $419K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | −0.053% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01180 | +0.297% | $14K | $18K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0353% | 1h | 0.01178 | +0.068% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0397% | 1h | 0.01180 | +0.219% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD