Funding you earn now, next payment 08:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.058%
Price spread now: Bybit against Gate−0.148%7-day average −0.221% · you buy dearer than you sell
Net, funding: paid 7d − costs−$875as in the Funding arb table
Net, price: spread back to 7d avg − costs−$865as in the Price arb table
costs, in and out, $10k−$8728.723% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.148%, 7d avg −0.221%
=The price spread pays, funding is against you. Bybit is 0.072% dearer against Gate than usual: you sell high and buy low (spread −0.148% now, against its 7-day average of −0.221%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.024% in total) that is about 21 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 | Gate CLO_USDT | 0.06739 | 0.0464 | pay 0.0464% / 8h | 1h 07m | $464K | $781K | 20x |
| Short | Bybit CLOUSDT | 0.06729 | 0.0100 | get 0.0050% / 4h | 1h 07m | $767K | $848K | 20x |
Gate CLO_USDT
Bybit CLOUSDTFunding 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
- −$76.44
- Price spread: −0.148% → −0.221%
- $7.25
- Slippage, 4 orders
- −$846.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$941.47
- Costs to cover
- 8.723%
- Break-even
- never at this rate
Slippage from Gate: live order book, 34 min ago; Bybit: live order book, 32 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, 34 min ago | 16.31 bp | 238.2 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 32 min ago | 3.12 bp | 204.7 bp −$205 | 753.4 bp −$7,534 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CLOUSDTM | +0.0004% | 4h | 0.06721 | −0.267% | $1.1M | $11.8M | 10x | as long as short |
| Bybit CLOUSDTshort | +0.0100% | 4h | 0.06729 | −0.148% | $767K | $848K | 20x | |
| SunX CLO-USDT | +0.0100% | 4h | 0.06729 | −0.148% | $1K | $1.8M | 20x | as long as short |
| MEXC CLO_USDT | +0.0158% | 4h | 0.06730 | −0.134% | $571K | $139K | 50x | as long as short |
| BingX CLO-USDT | +0.0158% | 4h | 0.06727 | −0.178% | — | $1.4M | — | as long as short |
| Binance CLOUSDT | +0.0161% | 4h | 0.06735 | −0.058% | $4.3M | $5.1M | 10x | as long as short |
| BloFin CLO-USDT | +0.0176% | 4h | 0.06712 | −0.401% | $254K | $83K | 10x | as long as short |
| Gate CLO_USDTlong | +0.0464% | 8h | 0.06739 | long leg | $464K | $781K | 20x | |
| Aster CLOUSDT | +0.0896% | 4h | 0.06730 | −0.126% | $32K | $84K | 5x | as long as short |
KuCoin CLOUSDTM
SunX CLO-USDT
MEXC CLO_USDT
BingX CLO-USDT
Binance CLOUSDT
BloFin CLO-USDT
Aster CLOUSDT