Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%
Price spread now: Bybit against Gate−0.177%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$796as in the Funding arb table
Net, price: spread back to 7d avg − costs−$808as in the Price arb table
costs, in and out, $10k−$7927.917% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.177%, 7d avg −0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.166% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate C98_USDT | 0.01641 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $110K | $44K | 25x |
| Short | Bybit C98USDT | 0.01638 | 0.0100 | get 0.0100% / 8h | 7h 40m | $866K | $279K | 25x |
Gate C98_USDT
Bybit C98USDTFunding 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
- $0
- Price spread: −0.177% → −0.011%
- −$16.58
- Slippage, 4 orders
- −$765.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$808.24
- Costs to cover
- 7.917%
- Break-even
- never at this rate
Slippage from Gate: live order book, 50 min ago; Bybit: live order book, 55 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, 50 min ago | 9.17 bp | 390.6 bp −$391 | 54580.5 bp −$545.8K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 55 min ago | 12.20 bp | 107.8 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
C98 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin C98-USDT | +0.0084% | 8h | 0.01637 | −0.244% | $132K | $10K | 50x | as long as short |
| Binance C98USDT | +0.0100% | 8h | 0.01636 | −0.305% | $1.4M | $2.0M | 50x | as long as short |
| Bybit C98USDTshort | +0.0100% | 8h | 0.01638 | −0.177% | $866K | $279K | 25x | |
| Gate C98_USDTlong | +0.0100% | 8h | 0.01641 | long leg | $110K | $44K | 25x | |
| MEXC C98_USDT | +0.0100% | 8h | 0.01636 | −0.305% | $274K | $103K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01641 | 0.000% | $199K | $38K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01639 | −0.122% | $185K | $343K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01637 | −0.230% | $8K | $202 | — | as long as short |
| Kraken Futures PF_C98USD | +0.3422% | 1h | 0.01641 | +0.020% | $15K | $4K | 10x | as long as short |
BloFin C98-USDT
Binance C98USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98
Kraken Futures PF_C98USD