Funding you earn now, next payment 08:00 UTC−0.2067%/8h= −226.3% APRnext payment −$20.67 per $10,000 · paid last 24h +0.011%
Price spread now: Bitget against Bybit+0.230%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1841.841% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 7 days−0.241%−$24 · spread now +0.230%, 7d avg +0.028%
=The price spread pays, funding is against you. Bitget is 0.203% dearer against Bybit than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.028%): +$20 on $10k if it goes back. Holding the pair costs −$62 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.190%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$20.67 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 AXTIUSDT | 78.160 | 0 | get 0.0000% / 8h | 1h 49m | $1.8M | $1.3M | 25x |
| Short | Bitget AXTIUSDT | 78.340 | −0.2067 | pay 0.2067% / 8h | 1h 49m | $1.4M | $3.5M | 20x |
Bybit AXTIUSDT
Bitget AXTIUSDTFunding 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
- −$434.07
- Price spread: +0.230% → +0.028%
- $20.27
- Slippage, 4 orders
- −$161.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$597.85
- Costs to cover
- 1.841%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 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, 2 min ago | 4.48 bp | 16.3 bp −$16 | 176.6 bp −$1,766 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.56 bp | 80.8 bp −$81 | 138.7 bp −$1,387 | doesn't fit | doesn't fit |
AXTI on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDTshort | −0.2067% | 8h | 78.340 | +0.230% | $1.4M | $3.5M | 20x | |
| Aster AXTIUSDT | 0.0000% | 8h | 78.174 | +0.018% | $7K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 78.279 | +0.152% | $7K | $212K | 10x | as long as short |
| Binance AXTIUSDT | 0.0000% | 8h | 78.210 | +0.064% | $8.4M | $34.4M | 20x | as long as short |
| Bybit AXTIUSDTlong | 0.0000% | 8h | 78.160 | long leg | $1.8M | $1.3M | 25x | |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 78.150 | −0.013% | $2.7M | $10.9M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 78.200 | +0.051% | $1.7M | $5.8M | 50x | as long as short |
| GRVT AXTI_USDT_Perp | 0.0000% | 8h | 78.137 | −0.029% | $837 | $198K | 10x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 78.240 | +0.102% | $1K | $947K | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 78.100 | −0.077% | $19K | $44K | 20x | as long as short |
Aster AXTIUSDT
Extended AXTI-USD
Binance AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
GRVT AXTI_USDT_Perp
SunX AXTI-USDT
HTX AXTI-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USD | +0.0025% | 1h | 78.300 | +0.179% | $1.1M | $1.9M | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 78.200 | +0.051% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTM | +0.0100% | 8h | 78.200 | +0.051% | $603K | $519K | 20x | as long as short |
| Aevo AXTI-PERP | +0.0104% | 1h | 78.189 | +0.037% | — | — | 10x | as long as short |
QFEX AXTI-USD
Lighter AXTI
KuCoin AXTIUSDTM
Aevo AXTI-PERP