Funding you earn now, next payment 16:00 UTC+0.0206%/8h= +22.6% APRnext payment +$2.06 per $10,000 · paid last 24h +0.159%
Price spread now: Bybit against Bitget−0.089%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$910.913% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.089%, 7d avg −0.030%
=Funding pays, the price is against you. Bybit is 0.059% cheaper against Bitget than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.030%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.06 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AXTIUSDT | 78.870 | −0.0206 | get 0.0206% / 8h | 5h 08m | $1.2M | $4.1M | 20x |
| Short | Bybit AXTIUSDT | 78.800 | 0 | get 0.0000% / 8h | 5h 08m | $1.9M | $1.6M | 25x |
Funding 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
- $43.26
- Price spread: −0.089% → −0.030%
- −$5.92
- Slippage, 4 orders
- −$68.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.98
- Costs to cover
- 0.913%
- Break-even
- 15.7 days
Slippage from Bitget: live order book, 3 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, 3 min ago | 3.17 bp | 24.2 bp −$24 | 31.6 bp −$316 | 152.0 bp −$15.2K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.71 bp | 19.8 bp −$20 | 159.5 bp −$1,595 | doesn't fit | doesn't fit |
AXTI on 14 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDTlong | −0.0206% | 8h | 78.870 | long leg | $1.2M | $4.1M | 20x | |
| Aster AXTIUSDT | 0.0000% | 8h | 78.740 | −0.165% | $7K | $124K | 20x | as long as short |
| Bybit AXTIUSDTshort | 0.0000% | 8h | 78.800 | −0.089% | $1.9M | $1.6M | 25x | |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 78.830 | −0.051% | $2.7M | $13.1M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 78.830 | −0.051% | $1.7M | $6.6M | 50x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 78.810 | −0.076% | $1K | $778K | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 78.740 | −0.165% | $19K | $33K | 20x | as long as short |
| Binance AXTIUSDT | +0.0012% | 8h | 78.850 | −0.025% | $8.5M | $38.0M | 20x | as long as short |
| Extended AXTI-USD | +0.0016% | 1h | 78.824 | −0.058% | $11K | $291K | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 78.710 | −0.203% | — | — | 10x | as long as short |
Show all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USD | +0.0058% | 1h | 78.830 | −0.051% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin AXTIUSDTM | +0.0100% | 8h | 78.800 | −0.089% | $593K | $708K | 20x | as long as short |
| Aevo AXTI-PERP | +0.0104% | 1h | 78.800 | −0.088% | — | — | 10x | as long as short |
| GRVT AXTI_USDT_Perp | +0.0401% | 8h | 78.820 | −0.063% | $141 | $238K | 10x | as long as short |
Bitget AXTIUSDT
Bybit AXTIUSDT
Aster AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
SunX AXTI-USDT
HTX AXTI-USDT
Binance AXTIUSDT
Extended AXTI-USD
Lighter AXTI
KuCoin AXTIUSDTM
GRVT AXTI_USDT_Perp