Funding you earn now, next payment 04:00 UTC−0.0780%/8h= −85.4% APRnext payment −$3.90 per $10,000 · paid last 24h −0.211%
Price spread now: Bybit against Gate0.000%7-day average +0.227% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$313as in the Price arb table
costs, in and out, $10k−$2902.901% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days−0.102%−$10 · spread now 0.000%, 7d avg +0.227%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.227% cheaper against Gate than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.227%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.8% 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 | Gate AVA_USDT | 0.2469 | −0.1130 | get 0.0565% / 4h | 2h 12m | $271K | $201K | 20x |
| Short | Bybit AVAUSDT | 0.2469 | −0.1910 | pay 0.0955% / 4h | 2h 12m | $1.3M | $1.1M | 5x |
Gate AVA_USDT
Bybit AVAUSDTFunding 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
- −$163.84
- Price spread: 0.000% → +0.227%
- −$22.72
- Slippage, 4 orders
- −$264.15
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$476.71
- Costs to cover
- 2.901%
- Break-even
- never at this rate
Slippage from Gate: live order book, 50 min ago; Bybit: live order book, 4 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, 50 min ago | 6.15 bp | 86.6 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.05 bp | 70.8 bp −$71 | 339.7 bp −$3,397 | doesn't fit | doesn't fit |
AVA 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC AVA_USDT | −0.1918% | 4h | 0.2466 | −0.122% | $381K | $181K | 50x | as long as short |
| Bybit AVAUSDTshort | −0.1910% | 4h | 0.2469 | 0.000% | $1.3M | $1.1M | 5x | |
| Binance AVAUSDT | −0.1909% | 4h | 0.2465 | −0.162% | $3.6M | $10.1M | 25x | as long as short |
| Aster AVAUSDT | −0.1839% | 1h | 0.2459 | −0.409% | $14K | $46K | 5x | as long as short |
| Bitget AVAUSDT | −0.1794% | 4h | 0.2470 | +0.041% | $373K | $822K | 25x | as long as short |
| Variational Omni AVA | −0.1643% | 4h | 0.2468 | −0.039% | $8K | $9K | — | as long as short |
| KuCoin AVAUSDTM | −0.1566% | 4h | 0.2463 | −0.243% | $718K | $91K | 30x | as long as short |
| BingX AVA-USDT | −0.1260% | 4h | 0.2469 | 0.000% | — | $1.5M | — | as long as short |
| Gate AVA_USDTlong | −0.1130% | 4h | 0.2469 | long leg | $271K | $201K | 20x |
MEXC AVA_USDT
Binance AVAUSDT
Aster AVAUSDT
Bitget AVAUSDT
Variational Omni AVA
KuCoin AVAUSDTM
BingX AVA-USDT