Funding you earn now, next payment 22:00 UTC−0.9468%/8h= −1036.8% APRpaid last 24h −1.227%
Price spread now: Gate against Bybit+0.883%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days−0.946%−$95 on $10k
+Price spread, last 4 days (all we have)−0.752%−$75 · spread now +0.883%, 7d avg +0.033%
=The price spread pays, funding is against you. Gate is 0.850% dearer against Bybit than usual: you sell high and buy low (spread +0.883% now, against its 7-day average of +0.033%): +$85 on $10k if it goes back. Holding the pair costs −$284 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.946% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.946% in total (about -49.3% 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 CVCUSDT | 0.02719 | 0.8484 | pay 0.1061% / 1h | 12m 50s | $1.7M | $1.4M | 25x |
| Short | Gate CVC_USDT | 0.02743 | −0.0984 | pay 0.0492% / 4h | 2h 12m | $210K | $312K | 25x |
Bybit CVCUSDT
Gate CVC_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
- −$1,988.38
- Price spread: +0.883% → +0.033%
- $84.96
- Slippage, 4 orders
- −$95.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,024.99
- Costs to cover
- 1.216%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 7 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, 4 min ago | 1.84 bp | 30.0 bp −$30 | 419.7 bp −$4,197 | doesn't fit | doesn't fit |
| Sell Gate live order book, 7 min ago | 7.28 bp | 29.5 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
CVC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDTshort | −0.0984% | 4h | 0.02743 | +0.883% | $210K | $312K | 25x | |
| Bitget CVCUSDT | −0.0068% | 4h | 0.02746 | +0.993% | $463K | $469K | 50x | as long as short |
| BingX CVC-USDT | −0.0036% | 4h | 0.02742 | +0.846% | — | $2.4M | — | as long as short |
| Binance CVCUSDT | +0.0031% | 4h | 0.02742 | +0.846% | $2.9M | $5.7M | 50x | as long as short |
| MEXC CVC_USDT | +0.0032% | 4h | 0.02742 | +0.846% | $661K | $124K | 20x | as long as short |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02747 | +1.030% | $1.4M | $398K | 30x | as long as short |
| Variational Omni CVC | +0.5876% | 1h | 0.02722 | +0.124% | $1K | $370 | — | as long as short |
| Bybit CVCUSDTlong | +0.8484% | 1h | 0.02719 | long leg | $1.7M | $1.4M | 25x |
Bitget CVCUSDT
BingX CVC-USDT
Binance CVCUSDT
MEXC CVC_USDT
KuCoin CVCUSDTM
Variational Omni CVC