Funding you earn now, next payment 04:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h 0.000%
Price spread now: Bybit against Gate−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.028% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. 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 | Gate ALPINE_USDT | 0.3559 | 0.0459 | pay 0.0459% / 8h | 6h 12m | $69K | $20K | 25x |
| Short | Bybit ALPINEUSDT | 0.3558 | 0.0100 | get 0.0050% / 4h | 2h 12m | $157K | $29K | 25x |
Gate ALPINE_USDT
Bybit ALPINEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$75.39
- Price spread: −0.028% → 0.000%
- −$2.81
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$104.2
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; Bybit: live order book, 38 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 38 min ago | 14.08 bp | 251.2 bp −$251 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALPINE on 7 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 ALPINEUSDTshort | +0.0100% | 4h | 0.3558 | −0.028% | $157K | $29K | 25x | |
| Variational Omni ALPINE | +0.0100% | 4h | 0.3555 | −0.117% | $5K | $1 | — | as long as short |
| BingX ALPINE-USDT | +0.0390% | 4h | 0.3560 | +0.028% | — | $1.2M | — | as long as short |
| MEXC ALPINE_USDT | +0.0416% | 4h | 0.3558 | −0.028% | $171K | $103K | 50x | as long as short |
| Binance ALPINEUSDT | +0.0419% | 4h | 0.3559 | +0.010% | $1.6M | $772K | 10x | as long as short |
| Gate ALPINE_USDTlong | +0.0459% | 8h | 0.3559 | long leg | $69K | $20K | 25x | |
| KuCoin ALPINEUSDTM | +0.0842% | 4h | 0.3558 | −0.028% | $232K | $539K | 10x | as long as short |
Variational Omni ALPINE
BingX ALPINE-USDT
MEXC ALPINE_USDT
Binance ALPINEUSDT
KuCoin ALPINEUSDTM