Funding you earn now, next payment 08:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.77 per $10,000 · paid last 24h −0.089%
Price spread now: Bybit against Gate+0.075%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,121as in the Price arb table
costs, in and out, $10k−$1,12411.235% of the position
Funding, last 7 days−0.500%−$50 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.075%, 7d avg +0.047%
=The price spread pays, funding is against you. Bybit is 0.028% dearer against Gate than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.047%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate APR_USDT | 0.1471 | 0.0254 | pay 0.0127% / 4h | 3h 33m | $694K | $192K | 25x |
| Short | Bybit APRUSDT | 0.1472 | 0.0100 | get 0.0050% / 4h | 3h 33m | $1.4M | $642K | 20x |
Gate APR_USDT
Bybit APRUSDTFunding 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
- −$32.34
- Price spread: +0.075% → +0.047%
- $2.76
- Slippage, 4 orders
- −$1,097.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,153.09
- Costs to cover
- 11.235%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; Bybit: live order book, 2 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 Gate live order book, 18 min ago | 9.80 bp | 502.5 bp −$503 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.40 bp | 168.9 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1471 | +0.055% | $6.7M | $5.2M | 50x | as long as short |
| Bybit APRUSDTshort | +0.0100% | 4h | 0.1472 | +0.075% | $1.4M | $642K | 20x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1470 | −0.041% | $358K | $175K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1473 | +0.170% | $2K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1477 | +0.435% | $19K | $58K | 20x | as long as short |
| BloFin APR-USDT | +0.0158% | 4h | 0.1477 | +0.435% | $289K | $111K | 50x | as long as short |
| Gate APR_USDTlong | +0.0254% | 4h | 0.1471 | long leg | $694K | $192K | 25x | |
| Bitget APRUSDT | +0.0320% | 4h | 0.1472 | +0.082% | $3.9M | $985K | 50x | as long as short |
| OKX APR-USDT-SWAP | +0.0356% | 4h | 0.1472 | +0.095% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0382% | 4h | 0.1471 | +0.027% | — | $1.4M | — | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
Bitget APRUSDT
OKX APR-USDT-SWAP
BingX APR-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0889% | 4h | 0.1470 | −0.007% | $71K | $80K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0952% | 4h | 0.1471 | +0.007% | $2.4M | $340K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM