Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.369%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$448as in the Price arb table
costs, in and out, $10k−$4114.112% of the position
Funding, last 6 days (all we have)−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.369%, 7d avg −0.003%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.366% cheaper against Bitget than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CONLUSDT | 6.7750 | 0 | get 0.0000% / 8h | 2h 04m | $242K | $219K | 20x |
| Short | Bybit CONLUSDT | 6.7500 | −0.0014 | pay 0.0014% / 8h | 2h 04m | $163K | $274K | 25x |
Bitget CONLUSDT
Bybit CONLUSDTFunding 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
- −$3.02
- Price spread: −0.369% → −0.003%
- −$36.63
- Slippage, 4 orders
- −$388.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$450.88
- Costs to cover
- 4.112%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 10 min ago; Bybit: live order book, 10 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, 10 min ago | 27.32 bp | 93.1 bp −$93 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 29.63 bp | 157.7 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
CONL on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CONLUSDTshort | −0.0014% | 8h | 6.7500 | −0.369% | $163K | $274K | 25x | |
| Gate CONL_USDT | 0.0000% | 8h | 6.7610 | −0.207% | $3K | $6K | 20x | as long as short |
| Bitget CONLUSDTlong | 0.0000% | 8h | 6.7750 | long leg | $242K | $219K | 20x | |
| HTX CONL-USDT | 0.0000% | 8h | 6.7880 | +0.192% | $1K | $38K | 20x | as long as short |
Gate CONL_USDT
HTX CONL-USDT