Funding you earn now, next payment 08:00 UTC+0.1232%/8h= +134.9% APRnext payment +$12.32 per $10,000 · paid last 24h +0.050%
Price spread now: Gate against Bybit−0.016%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$3103.098% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.016%, 7d avg +0.026%
=Funding pays, the price is against you. Gate is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.364% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.364% in total (about 19.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.32 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 BELUSDT | 0.1266 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $237K | $129K | 10x |
| Short | Gate BEL_USDT | 0.1266 | 0.1332 | get 0.1332% / 8h | 7h 43m | $114K | $43K | 10x |
Bybit BELUSDT
Gate BEL_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
- $258.72
- Price spread: −0.016% → +0.026%
- −$4.13
- Slippage, 4 orders
- −$283.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$55.18
- Costs to cover
- 3.098%
- Break-even
- 8.5 days
Slippage from Bybit: live order book, 12 min ago; Gate: live order book, 22 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, 12 min ago | 4.35 bp | 111.5 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 8.69 bp | 47.3 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
BEL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BELUSD | −0.0776% | 1h | 0.1277 | +0.870% | $9K | $10K | 10x | as long as short |
| Aster BELUSDT | +0.0100% | 8h | 0.1266 | −0.024% | $11K | $3K | 5x | as long as short |
| Binance BELUSDT | +0.0100% | 8h | 0.1267 | +0.024% | $2.0M | $1.4M | 10x | as long as short |
| Bybit BELUSDTlong | +0.0100% | 8h | 0.1266 | long leg | $237K | $129K | 10x | |
| MEXC BEL_USDT | +0.0100% | 8h | 0.1266 | 0.000% | $158K | $90K | 50x | as long as short |
| KuCoin BELUSDTM | +0.0100% | 8h | 0.1267 | +0.055% | $59K | $17K | 10x | as long as short |
| Variational Omni BEL | +0.0100% | 8h | 0.1264 | −0.185% | $3K | $11 | — | as long as short |
| Gate BEL_USDTshort | +0.1332% | 8h | 0.1266 | −0.016% | $114K | $43K | 10x |
Kraken Futures PF_BELUSD
Aster BELUSDT
Binance BELUSDT
MEXC BEL_USDT
KuCoin BELUSDTM
Variational Omni BEL