Funding you earn now, next payment 04:00 UTC+0.0263%/8h= +28.8% APRnext payment +$1.31 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.286%7-day average +0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$443as in the Funding arb table
Net, price: spread back to 7d avg − costs−$481as in the Price arb table
costs, in and out, $10k−$4444.444% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.684%+$68 · spread now −0.286%, 7d avg +0.080%
=Funding pays, the price is against you. Bybit is 0.366% cheaper against Gate than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of +0.080%). If the spread goes back, that is −$37 on $10k: about 4.6 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.009% in total) that is about 9 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 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 BB_USDT | 0.009100 | 0.0100 | pay 0.0050% / 4h | 58m 19s | $136K | $226K | 50x |
| Short | Bybit BBUSDT | 0.009074 | 0.0363 | get 0.0181% / 4h | 58m 19s | $690K | $792K | 25x |
Gate BB_USDT
Bybit BBUSDTFunding 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
- $55.2
- Price spread: −0.286% → +0.080%
- −$36.59
- Slippage, 4 orders
- −$418.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$425.77
- Costs to cover
- 4.444%
- Break-even
- 61.0 days
Slippage from Gate: live order book, 58 min ago; Bybit: live order book, 62 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, 58 min ago | 16.44 bp | 128.0 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 62 min ago | 5.50 bp | 111.5 bp −$112 | 302.3 bp −$3,023 | doesn't fit | doesn't fit |
BB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BBUSDT | +0.0100% | 4h | 0.009069 | −0.345% | $12K | $13K | 5x | as long as short |
| Binance BBUSDT | +0.0100% | 4h | 0.009059 | −0.448% | $3.3M | $6.8M | 50x | as long as short |
| Gate BB_USDTlong | +0.0100% | 4h | 0.009100 | long leg | $136K | $226K | 50x | |
| MEXC BB_USDT | +0.0100% | 4h | 0.009069 | −0.341% | $1.4M | $567K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009060 | −0.440% | $447K | $91K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.009070 | −0.330% | $326K | $473K | 50x | as long as short |
| Bybit BBUSDTshort | +0.0363% | 4h | 0.009074 | −0.286% | $690K | $792K | 25x | |
| BingX BB-USDT | +0.0414% | 4h | 0.009074 | −0.286% | — | $1.3M | — | as long as short |
| Kraken Futures PF_BBUSD | +0.1460% | 1h | 0.009054 | −0.508% | $21K | $3K | 10x | as long as short |
Aster BBUSDT
Binance BBUSDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
BingX BB-USDT
Kraken Futures PF_BBUSD