Funding arb · Price arb /

CYBER

all CYBER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0352%/8h= −38.5% APRpaid last 24h +0.022%

Price spread now: Bybit against Gate+0.030%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2312.307% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.030%, 7d avg −0.008%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.039% dearer against Gate than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.008%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.126% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% 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 CYBER_USDT	0.3312	0.0100	pay 0.0100% / 8h	1h 07m	$146K	$267K	40x
Short	Bybit CYBERUSDT	0.3313	−0.0252	pay 0.0126% / 4h	1h 07m	$918K	$500K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$73.89
Price spread: +0.030% → −0.008%: $3.86
Slippage, 4 orders: −$204.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$300.69
Costs to cover: 2.307%
Break-even: never at this rate

Slippage from Gate: live order book, 32 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, 32 min ago	7.60 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 32 min ago	9.14 bp	109.1 bp −$109	doesn't fit	doesn't fit	doesn't fit

CYBER on 11 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
Bybit CYBERUSDTshort	−0.0252%	4h	0.3313	+0.030%	$918K	$500K	25x
Aster CYBERUSDT	+0.0100%	4h	0.3315	+0.104%	$14K	$3K	5x	as long as short
Binance CYBERUSDT	+0.0100%	4h	0.3315	+0.088%	$1.7M	$2.3M	50x	as long as short
Gate CYBER_USDTlong	+0.0100%	8h	0.3312	long leg	$146K	$267K	40x
MEXC CYBER_USDT	+0.0100%	4h	0.3317	+0.151%	$290K	$83K	50x	as long as short
KuCoin CYBERUSDTM	+0.0100%	4h	0.3322	+0.302%	$515K	$103K	30x	as long as short
Bitget CYBERUSDT	+0.0100%	4h	0.3315	+0.091%	$293K	$239K	50x	as long as short
BingX CYBER-USDT	+0.0100%	4h	0.3313	+0.030%	—	$2.3M	—	as long as short
Variational Omni CYBER	+0.0100%	4h	0.3306	−0.185%	$468	$1	—	as long as short
BloFin CYBER-USDT	+0.0107%	4h	0.3314	+0.060%	$110K	$4K	50x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_CYBERUSD	+0.0390%	1h	0.3316	+0.127%	$10K	$5K	10x	as long as short