Funding you earn now, next payment 03:00 UTC+0.3720%/8h= +407.4% APRpaid last 24h +1.228%
Price spread now: Bybit against Gate−0.508%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1241.239% of the position
Funding, last 7 days+1.543%+$154 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.508%, 7d avg −0.076%
=Funding pays, the price is against you. Bybit is 0.432% cheaper against Gate than usual: you would sell low and buy high (spread −0.508% now, against its 7-day average of −0.076%). If the spread goes back, that is −$43 on $10k: about 9 hours of funding at the current rate (+$112 a day). At the pace of the last 7 days (+1.543% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.543% in total (about 80.4% 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 CVC_USDT | 0.02757 | 0.0052 | pay 0.0026% / 4h | 1h 21m | $217K | $313K | 25x |
| Short | Bybit CVCUSDT | 0.02743 | 0.3772 | get 0.0472% / 1h | 21m 08s | $1.7M | $1.6M | 25x |
Gate CVC_USDT
Bybit CVCUSDTFunding 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
- $781.28
- Price spread: −0.508% → −0.076%
- −$43.18
- Slippage, 4 orders
- −$97.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $614.21
- Costs to cover
- 1.239%
- Break-even
- 1.5 days
Slippage from Gate: live order book, 39 min ago; Bybit: live order book, 5 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, 39 min ago | 3.63 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.66 bp | 32.5 bp −$32 | 323.1 bp −$3,231 | 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_USDTlong | +0.0052% | 4h | 0.02757 | long leg | $217K | $313K | 25x | |
| Variational Omni CVC | +0.0100% | 1h | 0.02734 | −0.818% | $1K | $370 | — | as long as short |
| Binance CVCUSDT | +0.0100% | 4h | 0.02756 | −0.036% | $3.0M | $5.7M | 50x | as long as short |
| MEXC CVC_USDT | +0.0100% | 4h | 0.02755 | −0.073% | $658K | $132K | 20x | as long as short |
| Bitget CVCUSDT | +0.0100% | 4h | 0.02757 | 0.000% | $450K | $464K | 50x | as long as short |
| KuCoin CVCUSDTM | +0.0152% | 4h | 0.02760 | +0.109% | $1.4M | $416K | 30x | as long as short |
| BingX CVC-USDT | +0.0574% | 4h | 0.02753 | −0.145% | — | $2.4M | — | as long as short |
| Bybit CVCUSDTshort | +0.3772% | 1h | 0.02743 | −0.508% | $1.7M | $1.6M | 25x |
Variational Omni CVC
Binance CVCUSDT
MEXC CVC_USDT
Bitget CVCUSDT
KuCoin CVCUSDTM
BingX CVC-USDT