Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.058%
Price spread now: Gate against Bybit+0.074%7-day average +0.221% · you sell dearer than you buy
Net, funding: paid 7d − costs−$630as in the Funding arb table
Net, price: spread back to 7d avg − costs−$648as in the Price arb table
costs, in and out, $10k−$6336.328% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now +0.074%, 7d avg +0.221%
=Funding pays, the price is against you. Gate is 0.147% cheaper against Bybit than usual: you would sell low and buy high (spread +0.074% now, against its 7-day average of +0.221%). If the spread goes back, that is −$15 on $10k: about 2.5 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.024% in total) that is about 43 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment. 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 CLOUSDT | 0.06763 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $728K | $468K | 20x |
| Short | Gate CLO_USDT | 0.06768 | 0.0297 | get 0.0297% / 8h | 2h 41m | $441K | $551K | 20x |
Bybit CLOUSDT
Gate CLO_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
- $41.37
- Price spread: +0.074% → +0.221%
- −$14.71
- Slippage, 4 orders
- −$606.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$606.13
- Costs to cover
- 6.328%
- Break-even
- 109.6 days
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 4 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 Bybit live order book, 3 min ago | 6.65 bp | 263.8 bp −$264 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 14.01 bp | 70.0 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
CLO 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CLOUSDT | +0.0100% | 4h | 0.06753 | −0.145% | $4.0M | $2.9M | 10x | as long as short |
| Bybit CLOUSDTlong | +0.0100% | 4h | 0.06763 | long leg | $728K | $468K | 20x | |
| MEXC CLO_USDT | +0.0100% | 4h | 0.06750 | −0.192% | $576K | $116K | 50x | as long as short |
| KuCoin CLOUSDTM | +0.0100% | 4h | 0.06729 | −0.503% | $1.1M | $11.3M | 10x | as long as short |
| BingX CLO-USDT | +0.0100% | 4h | 0.06750 | −0.192% | — | $1.3M | — | as long as short |
| SunX CLO-USDT | +0.0100% | 4h | 0.06747 | −0.237% | $2K | $1.0M | 20x | as long as short |
| BloFin CLO-USDT | +0.0131% | 4h | 0.06760 | −0.044% | $245K | $76K | 10x | as long as short |
| Gate CLO_USDTshort | +0.0297% | 8h | 0.06768 | +0.074% | $441K | $551K | 20x | |
| Aster CLOUSDT | +0.0671% | 4h | 0.06771 | +0.124% | $33K | $24K | 5x | as long as short |
Binance CLOUSDT
MEXC CLO_USDT
KuCoin CLOUSDTM
BingX CLO-USDT
SunX CLO-USDT
BloFin CLO-USDT
Aster CLOUSDT