Funding you earn now, next payment 04:00 UTC+0.0334%/8h= +36.5% APRnext payment +$1.67 per $10,000 · paid last 24h +0.029%
Price spread now: Gate against Bybit+0.051%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,558as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,563as in the Price arb table
costs, in and out, $10k−$1,57315.727% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.051%, 7d avg −0.050%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.101% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.67 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 BARDUSDT | 0.1377 | −0.0234 | get 0.0117% / 4h | 2h 09m | $1.0M | $332K | 25x |
| Short | Gate BARD_USDT | 0.1378 | 0.0100 | get 0.0050% / 4h | 2h 09m | $193K | $33K | 20x |
Bybit BARDUSDT
Gate BARD_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
- $70.04
- Price spread: +0.051% → −0.050%
- $10.09
- Slippage, 4 orders
- −$1,546.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,492.54
- Costs to cover
- 15.727%
- Break-even
- 156.2 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 51 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, 1 min ago | 3.63 bp | 115.1 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 51 min ago | 3.65 bp | 1050.5 bp −$1,050 | doesn't fit | doesn't fit | doesn't fit |
BARD 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BARDUSDTlong | −0.0234% | 4h | 0.1377 | long leg | $1.0M | $332K | 25x | |
| BingX BARD-USDT | −0.0172% | 4h | 0.1376 | −0.094% | — | $6.5M | — | as long as short |
| Aster BARDUSDT | +0.0100% | 4h | 0.1378 | +0.034% | $18K | $16K | 5x | as long as short |
| Binance BARDUSDT | +0.0100% | 4h | 0.1377 | −0.049% | $2.2M | $1.8M | 25x | as long as short |
| OKX BARD-USDT-SWAP | +0.0100% | 4h | 0.1376 | −0.094% | $729K | $1.0M | 20x | as long as short |
| Gate BARD_USDTshort | +0.0100% | 4h | 0.1378 | +0.051% | $193K | $33K | 20x | |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1377 | −0.022% | $768K | $164K | 50x | as long as short |
| KuCoin BARDUSDTM | +0.0100% | 4h | 0.1376 | −0.109% | $104K | $68K | 25x | as long as short |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1379 | +0.123% | $1.1M | $152K | 20x | as long as short |
| Variational Omni BARD | +0.0100% | 4h | 0.1380 | +0.211% | $12K | $1 | — | as long as short |
BingX BARD-USDT
Aster BARDUSDT
Binance BARDUSDT
OKX BARD-USDT-SWAP
MEXC BARD_USDT
KuCoin BARDUSDTM
Bitget BARDUSDT
Variational Omni BARDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BARD_USDT_Perp | +0.0100% | 4h | 0.1380 | +0.182% | $138K | $533K | 10x | as long as short |
GRVT BARD_USDT_Perp