Funding you earn now, next payment 04:00 UTC+0.0781%/8h= +85.5% APRnext payment +$3.90 per $10,000 · paid last 24h +0.027%
Price spread now: Gate against Bybit−0.149%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2382.379% of the position
Funding, last 7 days+0.349%+$35 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now −0.149%, 7d avg −0.090%
=Funding pays, the price is against you. Gate is 0.058% cheaper against Bybit than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.090%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.349% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.349% in total (about 18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.90 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 ACEUSDT | 0.1751 | 0.0235 | pay 0.0118% / 4h | 1h 19m | $2.6M | $2.7M | 25x |
| Short | Gate ACE_USDT | 0.1748 | 0.1016 | get 0.0508% / 4h | 1h 19m | $1.2M | $1.8M | 25x |
Bybit ACEUSDT
Gate ACE_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $163.98
- Price spread: −0.149% → −0.090%
- −$5.84
- Slippage, 4 orders
- −$211.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$79.78
- Costs to cover
- 2.379%
- Break-even
- 10.4 days
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 3 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 | 0.57 bp | 85.5 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.86 bp | 23.9 bp −$24 | 241.3 bp −$2,413 | doesn't fit | doesn't fit |
ACE on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ACE | +0.0100% | 1h | 0.1748 | −0.149% | $376K | $409K | 3x | as long as short |
| Aster ACEUSDT | +0.0100% | 4h | 0.1746 | −0.248% | $25K | $37K | 5x | as long as short |
| Binance ACEUSDT | +0.0100% | 4h | 0.1748 | −0.171% | $8.7M | $18.4M | 20x | as long as short |
| MEXC ACE_USDT | +0.0100% | 4h | 0.1748 | −0.171% | $14.1M | $785K | 20x | as long as short |
| KuCoin ACEUSDTM | +0.0100% | 4h | 0.1748 | −0.137% | $2.0M | $529K | 20x | as long as short |
| Bitget ACEUSDT | +0.0100% | 4h | 0.1748 | −0.149% | $1.6M | $2.2M | 10x | as long as short |
| Variational Omni ACE | +0.0100% | 4h | 0.1749 | −0.113% | $117K | $44K | — | as long as short |
| HTX ACE-USDT | +0.0100% | 4h | 0.1732 | −1.045% | $16K | $101K | 20x | as long as short |
| BloFin ACE-USDT | +0.0160% | 4h | 0.1744 | −0.388% | $408K | $73K | 20x | as long as short |
| BingX ACE-USDT | +0.0182% | 4h | 0.1749 | −0.114% | — | $1.4M | — | as long as short |
Hyperliquid ACE
Aster ACEUSDT
Binance ACEUSDT
MEXC ACE_USDT
KuCoin ACEUSDTM
Bitget ACEUSDT
Variational Omni ACE
HTX ACE-USDT
BloFin ACE-USDT
BingX ACE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ACEUSDTlong | +0.0235% | 4h | 0.1751 | long leg | $2.6M | $2.7M | 25x | |
| Kraken Futures PF_ACEUSD | +0.1001% | 1h | 0.1746 | −0.264% | $52K | $642K | 10x | as long as short |
| Gate ACE_USDTshort | +0.1016% | 4h | 0.1748 | −0.149% | $1.2M | $1.8M | 25x |
Kraken Futures PF_ACEUSD