Funding you earn now, next payment 08:00 UTC−0.0519%/8h= −56.8% APRnext payment −$5.19 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against Bybit+0.081%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.081%, 7d avg +0.002%
=The price spread pays, funding is against you. Bitget is 0.079% dearer against Bybit than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.002%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.095% in total) that is about 5.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.19 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 COINUSDT | 197.53 | 0 | get 0.0000% / 8h | 6h 19m | $4.9M | $5.9M | 50x |
| Short | Bitget COINUSDT | 197.69 | −0.0519 | pay 0.0519% / 8h | 6h 19m | $6.5M | $10.1M | 20x |
Bybit COINUSDT
Bitget COINUSDTFunding 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
- −$108.99
- Price spread: +0.081% → +0.002%
- $7.86
- Slippage, 4 orders
- −$22.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$147.09
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago | 2.77 bp | 13.1 bp −$13 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.27 bp | 9.2 bp −$9 | 16.2 bp −$162 | 85.3 bp −$8,526 | doesn't fit |
COIN on 25 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 COINUSDTshort | −0.0519% | 8h | 197.69 | +0.081% | $6.5M | $10.1M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.72 | +0.096% | $44K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0039% | 1h | 197.07 | −0.233% | — | $291K | 25x | as long as short |
| Gate COIN_USDT | −0.0002% | 8h | 197.65 | +0.061% | $1.2M | $7.0M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.70 | +0.085% | $365K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.47 | −0.028% | $117K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.54 | +0.005% | $14.8M | $77.8M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.53 | long leg | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.50 | −0.015% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.75 | +0.111% | $819K | $939K | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.03 | +0.252% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 197.49 | −0.020% | $1.3M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.51 | −0.011% | $389K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.48 | −0.025% | $436K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.88 | +0.177% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.46 | −0.035% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.36 | −0.086% | $125K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.49 | −0.020% | $99 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.40 | −0.066% | $351K | $3.1M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.53 | 0.000% | $995K | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.97 | +0.223% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.46 | −0.035% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.45 | −0.043% | $116 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.08 | +0.278% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0585% | 4h | 197.81 | +0.142% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC