Funding you earn now, next payment 08:00 UTC−0.1584%/8h= −173.5% APRnext payment −$15.84 per $10,000 · paid last 24h −0.149%
Price spread now: Bitget against Bybit−0.406%7-day average −0.235% · you buy dearer than you sell
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$2732.726% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.406%, 7d avg −0.235%
=Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Bitget is 0.171% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.235%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.84 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 ANETUSDT | 206.84 | 0.1584 | pay 0.1584% / 8h | 7h 51m | $84K | $201K | 25x |
| Short | Bitget ANETUSDT | 206.00 | 0 | get 0.0000% / 8h | 7h 51m | $79K | $118K | 20x |
Bybit ANETUSDT
Bitget ANETUSDTFunding 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
- −$332.74
- Price spread: −0.406% → −0.235%
- −$17.13
- Slippage, 4 orders
- −$249.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$622.44
- Costs to cover
- 2.726%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 13 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, 4 min ago | 7.49 bp | 118.7 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 13 min ago | 4.37 bp | 35.4 bp −$35 | 66.9 bp −$669 | doesn't fit | doesn't fit |
ANET on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ANET_USDT | 0.0000% | 8h | 206.80 | −0.019% | $171K | $8K | 20x | as long as short |
| Bitget ANETUSDTshort | 0.0000% | 8h | 206.00 | −0.406% | $79K | $118K | 20x | |
| Phemex ANETUSDT | 0.0000% | 8h | 206.56 | −0.135% | $21K | $33K | 10x | as long as short |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.495% | $2K | $32K | 12x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 206.94 | +0.048% | $3K | $68K | 20x | as long as short |
| Binance ANETUSDT | +0.0264% | 8h | 206.59 | −0.121% | $143K | $407K | 20x | as long as short |
| Bybit ANETUSDTlong | +0.1584% | 8h | 206.84 | long leg | $84K | $201K | 25x |
Gate ANET_USDT
Phemex ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT
Binance ANETUSDT