Funding you earn now, next payment 00:00 UTC−0.0573%/8h= −62.7% APRnext payment −$2.86 per $10,000 · paid last 24h −0.050%
Price spread now: Gate against Bybit+0.093%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$513as in the Funding arb table
Net, price: spread back to 7d avg − costs−$499as in the Price arb table
costs, in and out, $10k−$5055.050% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.093%, 7d avg +0.031%
=The price spread pays, funding is against you. Gate is 0.063% dearer against Bybit than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.031%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.082% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.86 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 BUSDT | 0.2032 | 0.0673 | pay 0.0336% / 4h | 12m 00s | $1.7M | $977K | 13x |
| Short | Gate B_USDT | 0.2034 | 0.0100 | get 0.0050% / 4h | 12m 00s | $3.5M | $600K | 20x |
Bybit BUSDT
Gate B_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
- −$120.33
- Price spread: +0.093% → +0.031%
- $6.26
- Slippage, 4 orders
- −$479
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$619.07
- Costs to cover
- 5.050%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 1 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, 4 min ago | 3.69 bp | 145.3 bp −$145 | 2737.9 bp −$27.4K | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 12.29 bp | 134.0 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDTshort | +0.0100% | 4h | 0.2034 | +0.093% | $3.5M | $600K | 20x | |
| KuCoin BUSDTM | +0.0430% | 4h | 0.2031 | −0.079% | $1.9M | $72K | 10x | as long as short |
| Bybit BUSDTlong | +0.0673% | 4h | 0.2032 | long leg | $1.7M | $977K | 13x | |
| BloFin B-USDT | +0.0728% | 4h | 0.2034 | +0.093% | $597K | $39K | 20x | as long as short |
| MEXC B_USDT | +0.0748% | 4h | 0.2033 | +0.044% | $979K | $352K | 100x | as long as short |
| edgeX BUSDC | +0.0749% | 4h | 0.2034 | +0.106% | $3K | $393K | 5x | as long as short |
| Extended B-USD | +0.0752% | 1h | 0.2033 | +0.050% | $15K | $117K | 5x | as long as short |
| Binance BUSDT | +0.0752% | 4h | 0.2034 | +0.071% | $11.7M | $2.0M | 20x | as long as short |
| BingX B-USDT | +0.1156% | 4h | 0.2033 | +0.044% | — | $1.2M | — | as long as short |
| Bitget BUSDT | +0.1230% | 4h | 0.2033 | +0.044% | $2.8M | $239K | 10x | as long as short |
KuCoin BUSDTM
BloFin B-USDT
MEXC B_USDT
edgeX BUSDC
Extended B-USD
Binance BUSDT
BingX B-USDT
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1444% | 4h | 0.2036 | +0.181% | $1.9M | $211K | 5x | as long as short |
Aster BUSDT