Funding you earn now, next payment 08:00 UTC−0.0286%/8h= −31.3% APRpaid last 24h −0.104%
Price spread now: Bybit against Gate−0.119%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$462as in the Funding arb table
Net, price: spread back to 7d avg − costs−$447as in the Price arb table
costs, in and out, $10k−$4304.300% of the position
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.119%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.165% cheaper against Gate than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTR_USDT | 0.05036 | 0.0386 | pay 0.0386% / 8h | 3h 08m | $731K | $280K | 20x |
| Short | Bybit BTRUSDT | 0.05030 | 0.0100 | get 0.0050% / 4h | 3h 08m | $3.2M | $1.1M | 25x |
Gate BTR_USDT
Bybit BTRUSDTFunding 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
- −$60.06
- Price spread: −0.119% → +0.046%
- −$16.49
- Slippage, 4 orders
- −$404.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$506.59
- Costs to cover
- 4.300%
- Break-even
- never at this rate
Slippage from Gate: live order book, 43 min ago; Bybit: live order book, 3 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, 43 min ago | 5.99 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.95 bp | 167.6 bp −$168 | doesn't fit | doesn't fit | doesn't fit |
BTR 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTRUSDTshort | +0.0100% | 4h | 0.05030 | −0.119% | $3.2M | $1.1M | 25x | |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.05028 | −0.159% | $1.4M | $185K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05050 | +0.278% | $11K | $314K | 10x | as long as short |
| Gate BTR_USDTlong | +0.0386% | 8h | 0.05036 | long leg | $731K | $280K | 20x | |
| Aster BTRUSDT | +0.0777% | 4h | 0.05032 | −0.072% | $89K | $12K | 5x | as long as short |
| BingX BTR-USDT | +0.0880% | 4h | 0.05032 | −0.079% | — | $6.6M | — | as long as short |
| MEXC BTR_USDT | +0.0944% | 4h | 0.05035 | −0.020% | $1.5M | $150K | 20x | as long as short |
| Binance BTRUSDT | +0.0953% | 4h | 0.05035 | −0.011% | $5.3M | $3.8M | 10x | as long as short |
KuCoin BTRUSDTM
HTX BTR-USDT
Aster BTRUSDT
BingX BTR-USDT
MEXC BTR_USDT
Binance BTRUSDT