Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$1.04 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against Gate−0.024%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1161.159% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.024%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$6 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 -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.04 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 BR_USDT | 1.1110 | 0.0308 | pay 0.0154% / 4h | 1h 41m | $7.5M | $8.7M | 20x |
| Short | Bybit BRUSDT | 1.1107 | 0.0100 | get 0.0050% / 4h | 1h 41m | $10.8M | $25.9M | 5x |
Gate BR_USDT
Bybit BRUSDTFunding 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
- −$43.68
- Price spread: −0.024% → −0.018%
- −$0.68
- Slippage, 4 orders
- −$89.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$160.24
- Costs to cover
- 1.159%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 0.76 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.69 bp | 26.4 bp −$26 | 129.0 bp −$1,290 | doesn't fit | doesn't fit |
BR 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.1119 | +0.081% | — | $6.3M | — | as long as short |
| Bybit BRUSDTshort | +0.0100% | 4h | 1.1107 | −0.024% | $10.8M | $25.9M | 5x | |
| Variational Omni BR | +0.0100% | 4h | 1.1126 | +0.146% | $265K | $296K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1119 | +0.085% | — | $689K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1181 | +0.643% | $86K | $238K | 20x | as long as short |
| KuCoin BRUSDTM | +0.0304% | 4h | 1.1120 | +0.091% | $4.9M | $5.5M | 30x | as long as short |
| Gate BR_USDTlong | +0.0308% | 4h | 1.1110 | long leg | $7.5M | $8.7M | 20x | |
| Aster BRUSDT | +0.0551% | 4h | 1.1124 | +0.130% | $729K | $2.7M | 5x | as long as short |
| Bitget BRUSDT | +0.0722% | 4h | 1.1125 | +0.140% | $8.1M | $12.6M | 10x | as long as short |
| MEXC BR_USDT | +0.1180% | 4h | 1.1133 | +0.215% | $15.4M | $7.5M | 100x | as long as short |
BingX BR-USDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
KuCoin BRUSDTM
Aster BRUSDT
Bitget BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.1180% | 4h | 1.1118 | +0.073% | $53.2M | $164.1M | 25x | as long as short |
Binance BRUSDT