Funding you earn now, next payment 00:00 UTC+0.2366%/8h= +259.1% APRnext payment +$11.83 per $10,000 · paid last 24h −0.138%
Price spread now: Bybit against Gate+0.316%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$2202.200% of the position
Funding, last 7 days−0.393%−$39 on $10k
+Price spread, last 7 days−0.325%−$33 · spread now +0.316%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$71 a day on $10k at the current rate, and Bybit is 0.241% dearer against Gate than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.075%. Mind the row above: over the last 7 days funding on this pair cost −0.393%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.393% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.83 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 BTW_USDT | 0.8728 | 0.0730 | pay 0.0365% / 4h | 1h 52m | $3.9M | $15.4M | 10x |
| Short | Bybit BTWUSDT | 0.8756 | 0.3096 | get 0.1548% / 4h | 1h 52m | $16.2M | $36.6M | 10x |
Gate BTW_USDT
Bybit BTWUSDTFunding 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
- $496.83
- Price spread: +0.316% → +0.075%
- $24.06
- Slippage, 4 orders
- −$193.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $300.92
- Costs to cover
- 2.200%
- Break-even
- 2.8 days
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 | 6.63 bp | 35.6 bp −$36 | 76.0 bp −$760 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.85 bp | 50.1 bp −$50 | 384.4 bp −$3,844 | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8710 | −0.216% | $213K | $763K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0730% | 4h | 0.8728 | long leg | $3.9M | $15.4M | 10x | |
| Aster BTWUSDT | +0.1500% | 4h | 0.8748 | +0.229% | $2.4M | $2.7M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1520% | 4h | 0.8757 | +0.333% | $8.1M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1640% | 4h | 0.8772 | +0.500% | $27.8M | $12.8M | 5x | as long as short |
| edgeX BTWUSDC | +0.1800% | 4h | 0.8703 | −0.287% | $359K | $496K | 10x | as long as short |
| MEXC BTW_USDT | +0.1804% | 4h | 0.8748 | +0.225% | $11.3M | $5.9M | 20x | as long as short |
| Binance BTWUSDT | +0.1806% | 4h | 0.8757 | +0.327% | $122.2M | $160.9M | 10x | as long as short |
| Extended BTW-USD | +0.1808% | 1h | 0.8748 | +0.226% | $42K | $13K | 5x | as long as short |
| BingX BTW-USDT | +0.2918% | 4h | 0.8764 | +0.408% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
edgeX BTWUSDC
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDTshort | +0.3096% | 4h | 0.8756 | +0.316% | $16.2M | $36.6M | 10x |