Funding you earn now, next payment 08:00 UTC−0.1140%/8h= −124.8% APRnext payment −$5.70 per $10,000 · paid last 24h −0.373%
Price spread now: Bybit against Gate−0.059%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1791.786% of the position
Funding, last 7 days−0.395%−$40 on $10k
+Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.059%, 7d avg −0.044%
=The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$34 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.395% in total (about -20.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.70 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 B2_USDT | 0.5059 | 0.1240 | pay 0.0620% / 4h | 2h 32m | $917K | $406K | 20x |
| Short | Bybit B2USDT | 0.5056 | 0.0100 | get 0.0050% / 4h | 2h 32m | $1.6M | $2.0M | 20x |
Gate B2_USDT
Bybit B2USDTFunding 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
- −$239.4
- Price spread: −0.059% → −0.044%
- −$1.5
- Slippage, 4 orders
- −$152.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$419.5
- Costs to cover
- 1.786%
- Break-even
- never at this rate
Slippage from Gate: live order book, 14 min ago; Bybit: live order book, 9 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, 14 min ago | 13.75 bp | 50.7 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 4.92 bp | 34.8 bp −$35 | 321.1 bp −$3,211 | doesn't fit | doesn't fit |
B2 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit B2USDTshort | +0.0100% | 4h | 0.5056 | −0.059% | $1.6M | $2.0M | 20x | |
| Bitget B2USDT | +0.0146% | 4h | 0.5045 | −0.277% | $2.8M | $879K | 50x | as long as short |
| Binance B2USDT | +0.0173% | 4h | 0.5060 | +0.020% | $8.2M | $10.1M | 50x | as long as short |
| MEXC B2_USDT | +0.0174% | 4h | 0.5058 | −0.020% | $545K | $362K | 100x | as long as short |
| BingX B2-USDT | +0.0194% | 4h | 0.5059 | 0.000% | — | $1.4M | — | as long as short |
| Aster B2USDT | +0.0445% | 4h | 0.5055 | −0.074% | $158K | $171K | 5x | as long as short |
| Variational Omni B2 | +0.0469% | 4h | 0.5046 | −0.263% | $14K | $2K | — | as long as short |
| KuCoin B2USDTM | +0.0730% | 4h | 0.5059 | 0.000% | $1.0M | $305K | 50x | as long as short |
| Gate B2_USDTlong | +0.1240% | 4h | 0.5059 | long leg | $917K | $406K | 20x |
Bitget B2USDT
Binance B2USDT
MEXC B2_USDT
BingX B2-USDT
Aster B2USDT
Variational Omni B2
KuCoin B2USDTM