4

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0372%/8h= −40.8% APRnext payment −$1.86 per $10,000 · paid last 24h +0.138%

Price spread now: Gate against Bybit+0.060%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,637as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,680as in the Price arb table

costs, in and out, $10k−$1,67616.761% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.060%, 7d avg +0.101%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.042% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.101%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.392%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 4USDT	0.02178	0.0844	pay 0.0422% / 4h	1h 00m	$2.9M	$1.7M	5x
Short	Gate 4_USDT	0.02180	0.0472	get 0.0236% / 4h	1h 00m	$595K	$239K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.060%Rate

Funding earned: −$78.22
Price spread: +0.060% → +0.101%: −$4.15
Slippage, 4 orders: −$1,650.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,758.46
Costs to cover: 16.761%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 15 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, 1 min ago	2.53 bp	189.5 bp −$190	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	6.95 bp	487.9 bp −$488	doesn't fit	doesn't fit	doesn't fit

4 on 9 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
Variational Omni 4	+0.0100%	4h	0.02158	−0.952%	$52K	$6K	—	as long as short
SunX 4-USDT	+0.0100%	4h	0.02173	−0.252%	$2K	$1.0M	20x	as long as short
Aster 4USDT	+0.0408%	4h	0.02180	+0.055%	$250K	$95K	5x	as long as short
Gate 4_USDTshort	+0.0472%	4h	0.02180	+0.060%	$595K	$239K	20x
MEXC 4_USDT	+0.0484%	4h	0.02177	−0.069%	$1.9M	$858K	100x	as long as short
Binance 4USDT	+0.0485%	4h	0.02179	+0.018%	$8.4M	$11.1M	20x	as long as short
KuCoin 4USDTM	+0.0700%	4h	0.02176	−0.115%	$950K	$13.1M	20x	as long as short
BingX 4-USDT	+0.0728%	4h	0.02178	0.000%	—	$1.4M	—	as long as short
Bybit 4USDTlong	+0.0844%	4h	0.02178	long leg	$2.9M	$1.7M	5x