Funding you earn now, next payment 00:00 UTC−0.2951%/8h= −323.2% APRnext payment −$14.76 per $10,000 · paid last 24h −0.791%
Price spread now: Gate against Bybit+0.523%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.738%−$74 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Gate is 0.523% dearer against Bybit than usual: you sell high and buy low (spread +0.523% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$89 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.738% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.738% in total (about -38.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.76 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 BIRBUSDT | 0.06888 | 0.3051 | pay 0.1526% / 4h | 8m 48s | $635K | $435K | 25x |
| Short | Gate BIRB_USDT | 0.06924 | 0.0100 | get 0.0050% / 4h | 8m 48s | $62K | $56K | 20x |
Bybit BIRBUSDT
Gate BIRB_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
- −$619.76
- Price spread: +0.523% → 0.000%
- $52.26
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$593.5
- Costs to cover
- 0.260%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 61 min ago; Gate: no order-book sample. Net counts fees only.
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, 61 min ago | 5.08 bp | 69.2 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BIRB 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 BIRBUSDT | +0.0100% | 4h | 0.06926 | +0.557% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06933 | +0.647% | $1.2M | $1.7M | 50x | as long as short |
| Gate BIRB_USDTshort | +0.0100% | 4h | 0.06924 | +0.523% | $62K | $56K | 20x | |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06932 | +0.639% | $138K | $102K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06936 | +0.697% | $80K | $40K | 20x | as long as short |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06926 | +0.552% | $430K | $204K | 20x | as long as short |
| BingX BIRB-USDT | +0.3022% | 4h | 0.06917 | +0.421% | — | $738K | — | as long as short |
| BloFin BIRB-USDT | +0.3042% | 4h | 0.06886 | −0.029% | $82K | $5K | 25x | as long as short |
| Bybit BIRBUSDTlong | +0.3051% | 4h | 0.06888 | long leg | $635K | $435K | 25x |
Aster BIRBUSDT
Binance BIRBUSDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bitget BIRBUSDT
BingX BIRB-USDT
BloFin BIRB-USDT