Funding you earn now, next payment 00:00 UTC−0.0262%/8h= −28.7% APRnext payment −$2.62 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.315%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2392.385% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)+0.215%+$22 · spread now −0.315%, 7d avg −0.124%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.192% cheaper against Gate than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.124%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 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 CORE_USDT | 0.02219 | 0.0100 | pay 0.0100% / 8h | 1h 24m | $172K | $167K | 25x |
| Short | Bybit COREUSDT | 0.02212 | −0.0162 | pay 0.0162% / 8h | 1h 24m | $1.4M | $856K | 20x |
Gate CORE_USDT
Bybit COREUSDTFunding 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
- −$55.02
- Price spread: −0.315% → −0.124%
- −$19.18
- Slippage, 4 orders
- −$212.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$312.74
- Costs to cover
- 2.385%
- Break-even
- never at this rate
Slippage from Gate: live order book, 51 min ago; Bybit: live order book, 1 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, 51 min ago | 9.00 bp | 70.9 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 9.06 bp | 43.1 bp −$43 | 278.5 bp −$2,785 | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0349% | 8h | 0.02209 | −0.463% | $8K | $886 | — | as long as short |
| Bybit COREUSDTshort | −0.0162% | 8h | 0.02212 | −0.315% | $1.4M | $856K | 20x | |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02216 | −0.135% | $1.7M | $4.2M | 20x | as long as short |
| Gate CORE_USDTlong | +0.0100% | 8h | 0.02219 | long leg | $172K | $167K | 25x | |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02214 | −0.225% | $868K | $205K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02214 | −0.225% | — | $1.3M | — | as long as short |
Variational Omni CORE
OKX CORE-USDT-SWAP
MEXC CORE_USDT
BingX CORE-USDT