Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNC

RWAall BNC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0498%/8h= +54.5% APRnext payment +$4.98 per $10,000 · paid last 24h +0.550%
Price spread now: Bybit against Bitget−0.426%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$2672.666% of the position
Long on BitgetShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.470%+$47 on $10k
Price spread, last 7 days+0.253%+$25 · spread now −0.426%, 7d avg −0.017%
Together, before fees+0.723%+$72 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.409% cheaper against Bitget than usual: you would sell low and buy high (spread −0.426% now, against its 7-day average of −0.017%). If the spread goes back, that is −$41 on $10k: about 2.7 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.470% in total) that is about 6.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNCUSDT6.2687−0.0863get 0.0863% / 8h17m 48s$793K$3.9M5x
ShortBybit BNCUSDT6.2420−0.0365pay 0.0365% / 8h17m 48s$558K$1.8M25x

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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$104.51
Price spread: −0.426% → −0.017%
−$40.94
Slippage, 4 orders
−$243.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$203.02
Costs to cover
2.666%
Break-even
20.6 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago2.80 bp12.2 bp −$1222.0 bp −$220135.9 bp −$13.6Kdoesn't fit
Sell Bybit live order book, 4 min ago4.00 bp125.4 bp −$125238.9 bp −$2,389doesn't fitdoesn't fit

BNC on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNCUSDT−0.0927%8h6.2422−0.423%$13.4M$39.6M10xas long as short
Bitget BNCUSDTlong−0.0863%8h6.2687long leg$793K$3.9M5x
Variational Omni BNC−0.0789%8h6.2544−0.228%$116K$141K—as long as short
Aster BNCUSD1−0.0492%8h6.2434−0.404%$179K$22K10xas long as short
Bybit BNCUSDTshort−0.0365%8h6.2420−0.426%$558K$1.8M25x
Bullet BNC-USD0.0000%1h6.2573−0.181%$9K$69K10xas long as short
HTX BNC-USDT0.0000%8h6.2490−0.314%$14K$27K10xas long as short
QFEX BNC-USD+0.0032%1h6.2500−0.298%$49K$13K10xas long as short
KuCoin BNCUSDTM+0.0100%8h6.2470−0.346%$42K$2.9M20xas long as short