Funding you earn now, next payment 16:00 UTC+0.0814%/8h= +89.1% APRnext payment +$8.14 per $10,000 · paid last 24h −0.068%
Price spread now: Bitget against Binance+0.176%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1261.255% of the position
Funding, last 7 days−0.825%−$83 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.176%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Bitget is 0.182% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.825%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNCUSDT | 6.3236 | −0.0814 | get 0.0814% / 8h | 7h 27m | $13.7M | $36.3M | 10x |
| Short | Bitget BNCUSDT | 6.3347 | 0 | get 0.0000% / 8h | 7h 27m | $835K | $3.6M | 5x |
Binance BNCUSDT
Bitget BNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $170.9
- Price spread: +0.176% → −0.006%
- $18.23
- Slippage, 4 orders
- −$103.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $63.61
- Costs to cover
- 1.255%
- Break-even
- 4.4 days
Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 5 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 Binance live order book, 14 min ago | 0.79 bp | 21.4 bp −$21 | 73.8 bp −$738 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.07 bp | 46.0 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance BNCUSDTlong | −0.0814% | 8h | 6.3236 | long leg | $13.7M | $36.3M | 10x | |
| Variational Omni BNC | −0.0697% | 8h | 6.3779 | +0.860% | $119K | $141K | — | as long as short |
| Aster BNCUSD1 | −0.0467% | 8h | 6.3415 | +0.284% | $182K | $21K | 10x | as long as short |
| QFEX BNC-USD | −0.0240% | 1h | 6.3200 | −0.056% | $50K | $12K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.3290 | +0.086% | $555K | $1.6M | 25x | as long as short |
| Bitget BNCUSDTshort | 0.0000% | 8h | 6.3347 | +0.176% | $835K | $3.6M | 5x | |
| Bullet BNC-USD | 0.0000% | 1h | 6.3252 | +0.026% | $9K | $20K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.3630 | +0.624% | $14K | $26K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.3470 | +0.371% | $48K | $3.0M | 20x | as long as short |
Variational Omni BNC
Aster BNCUSD1
QFEX BNC-USD
Bybit BNCUSDT
Bullet BNC-USD
HTX BNC-USDT
KuCoin BNCUSDTM