Funding you earn now, next payment 00:00 UTC−0.0394%/8h= −43.1% APRnext payment −$3.94 per $10,000 · paid last 24h −0.014%
Price spread now: Bitget against Binance+0.047%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 2 days (all we have)−0.104%−$10 · spread now +0.047%, 7d avg −0.048%
=The price spread pays, funding is against you. Bitget is 0.095% dearer against Binance than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.048%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.077% in total) that is about 8.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.94 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 | Binance WMTUSDT | 107.49 | 0.0394 | pay 0.0394% / 8h | 2h 00m | $1.6M | $1.1M | 20x |
| Short | Bitget WMTUSDT | 107.54 | 0 | get 0.0000% / 8h | 2h 00m | $539K | $120K | 50x |
Binance WMTUSDT
Bitget WMTUSDTFunding 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
- −$82.74
- Price spread: +0.047% → −0.048%
- $9.49
- Slippage, 4 orders
- −$46.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$141.82
- Costs to cover
- 0.686%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 19 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, 3 min ago | 1.86 bp | 14.4 bp −$14 | 55.7 bp −$557 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 19 min ago | 1.86 bp | 20.6 bp −$21 | 43.9 bp −$439 | doesn't fit | doesn't fit |
WMT 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WMTUSDC | −0.0086% | 4h | 107.55 | +0.060% | $15K | $255K | 10x | as long as short |
| Aster WMTUSDT | 0.0000% | 8h | 107.33 | −0.149% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDT | 0.0000% | 8h | 107.68 | +0.177% | $118K | $12K | 50x | as long as short |
| OKX WMT-USDT-SWAP | 0.0000% | 8h | 107.58 | +0.084% | $82K | $34K | 20x | as long as short |
| Gate WMT_USDT | 0.0000% | 8h | 107.49 | 0.000% | $814K | $21K | 25x | as long as short |
| Bitget WMTUSDTshort | 0.0000% | 8h | 107.54 | +0.047% | $539K | $120K | 50x | |
| HTX WMT-USDT | 0.0000% | 8h | 107.90 | +0.381% | $5K | $346K | 20x | as long as short |
| QFEX WMT-USD | +0.0024% | 1h | 107.53 | +0.037% | $1.1M | $2.4M | 10x | as long as short |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.623% | $3K | $26K | 12x | as long as short |
| KuCoin WMTUSDTM | +0.0100% | 8h | 107.60 | +0.102% | $33K | $892K | 20x | as long as short |
edgeX WMTUSDC
Aster WMTUSDT
Bybit WMTUSDT
OKX WMT-USDT-SWAP
Gate WMT_USDT
HTX WMT-USDT
QFEX WMT-USD
Injective WMT/USDC PERP
KuCoin WMTUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX WMT-USDT | +0.0100% | 8h | 107.56 | +0.065% | $1K | $3.1M | 10x | as long as short |
| Variational Omni WMT | +0.0112% | 8h | 107.57 | +0.075% | $61K | $79K | — | as long as short |
| Extended WMT-USD | +0.0392% | 1h | 107.56 | +0.065% | $23K | $115K | 10x | as long as short |
| Binance WMTUSDTlong | +0.0394% | 8h | 107.49 | long leg | $1.6M | $1.1M | 20x | |
| GRVT WMT_USDT_Perp | +0.0630% | 8h | 107.57 | +0.073% | $416 | $131K | 10x | as long as short |
SunX WMT-USDT
Variational Omni WMT
Extended WMT-USD
GRVT WMT_USDT_Perp