COST

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0309%/8h= +33.8% APRnext payment +$3.09 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.021%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 2 days (all we have)−0.014%−$1 · spread now +0.021%, 7d avg +0.009%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.09 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	Bitget COSTUSDT	898.73	0	get 0.0000% / 8h	1h 05m	$398K	$125K	25x
Short	Binance COSTUSDT	898.92	0.0309	get 0.0309% / 8h	1h 05m	$1.1M	$972K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $64.81
Price spread: +0.021% → +0.009%: $1.18
Slippage, 4 orders: −$36.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $7.93
Costs to cover: 0.581%
Break-even: 6.1 days

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 12 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, 5 min ago	4.95 bp	19.8 bp −$20	31.1 bp −$311	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.06 bp	15.2 bp −$15	61.9 bp −$619	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.24	−0.054%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.97	+0.027%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.67	+0.105%	$439K	$145K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.44	+0.079%	$523K	$26K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	898.73	long leg	$398K	$125K	25x
SunX COST-USDT	0.0000%	8h	898.70	−0.003%	$1K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.07	+0.260%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.751%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.048%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.32	−0.046%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COST-USD	+0.0048%	1h	898.99	+0.029%	$1.1M	$3.0M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.61	−0.013%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.60	−0.126%	$41K	$819K	20x	as long as short
Variational Omni COST	+0.0140%	8h	898.98	+0.028%	$42K	$19K	—	as long as short
Binance COSTUSDTshort	+0.0309%	8h	898.92	+0.021%	$1.1M	$972K	20x