Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2470 | −0.8710 | get 0.4355% / 4h | 2h 42m | $259K | $1.0M | 20x | Long Gate | |
| SHORT | 0.2481 | −0.5640 | pay 0.2820% / 4h | 2h 42m | $887K | $4.2M | 20x | Short Bybit |
Price gap+0.445%
Funding gap+0.3070% /8h
Funding pays +$92 a day on $10k, but the gap is 0.346% under its 7d average: −$35 if it goes back, about 9 hours of funding. At the last 7 days' pace that is about 46 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.3070% /8h now · paid +0.040% over the last 5 hours (all we have)
Price−$35spread +0.445% now, avg +0.792% → −0.346% if it goes back
Costs−$3643.644% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 5 hours it paid +0.040% in total, about +0.0598%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.445%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAXIS on 7 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size115.6 / 63.7 bpAt $10k entering Gate costs 115.6 bp, fee and slippage, 1.8× Bybit’s.
- Note: Margin at max leverage$500 + $500Gate 20x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$92.11Long Gate: 6 payments, +$261.30; short Bybit: 6 payments, −$169.19.
- Watch: Gap narrower than usual+0.445% vs +0.792%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$259K vs $887K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · Bybit YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0598%/8h × 21 periods+$125.62
Price spread+0.445% → +0.792% (7d avg)−$34.65
Slippage, 4 orderslive order books−$338.38
Fee Gate bp × 2 orders−$15.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$273.42
Costs to cover3.644%Break-even22.2 days
Slippage: Gate: live order book, 4 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate8.03115.6 bp−$116doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.9963.7 bp−$64415.6 bp−$4,156doesn’t fitdoesn’t fit
Closing costs about the same again.
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