Funding you earn now, next payment 04:00 UTC−0.0682%/8h= −74.7% APRnext payment −$3.41 per $10,000 · paid last 24h −0.054%
Price spread now: Bitget against Gate−0.082%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1801.799% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.082%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bitget is 0.057% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.204% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.41 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 CYS_USDT | 0.1588 | 0.0782 | pay 0.0391% / 4h | 32m 00s | $614K | $103K | 20x |
| Short | Bitget CYSUSDT | 0.1587 | 0.0100 | get 0.0050% / 4h | 32m 00s | $1.7M | $660K | 25x |
Gate CYS_USDT
Bitget CYSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$143.22
- Price spread: −0.082% → −0.025%
- −$5.71
- Slippage, 4 orders
- −$152.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$328.84
- Costs to cover
- 1.799%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; Bitget: 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, 24 min ago | 9.52 bp | 62.5 bp −$63 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 5.38 bp | 27.3 bp −$27 | 166.8 bp −$1,668 | doesn't fit | doesn't fit |
CYS on 10 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 CYSUSDTM | +0.0100% | 4h | 0.1587 | −0.063% | $1.3M | $119K | 20x | as long as short |
| Bitget CYSUSDTshort | +0.0100% | 4h | 0.1587 | −0.082% | $1.7M | $660K | 25x | |
| MEXC CYS_USDT | +0.0170% | 4h | 0.1588 | 0.000% | $1.4M | $235K | 50x | as long as short |
| Binance CYSUSDT | +0.0176% | 4h | 0.1588 | +0.002% | $4.3M | $4.5M | 20x | as long as short |
| edgeX CYSUSDC | +0.0180% | 4h | 0.1585 | −0.171% | $7K | $110K | 10x | as long as short |
| Aster CYSUSDT | +0.0214% | 4h | 0.1585 | −0.189% | $254K | $85K | 10x | as long as short |
| Variational Omni CYS | +0.0287% | 4h | 0.1581 | −0.427% | $33K | $13K | — | as long as short |
| Bybit CYSUSDT | +0.0473% | 4h | 0.1589 | +0.063% | $1.5M | $1.0M | 13x | as long as short |
| BingX CYS-USDT | +0.0488% | 4h | 0.1588 | 0.000% | — | $1.3M | — | as long as short |
| Gate CYS_USDTlong | +0.0782% | 4h | 0.1588 | long leg | $614K | $103K | 20x |
KuCoin CYSUSDTM
MEXC CYS_USDT
Binance CYSUSDT
edgeX CYSUSDC
Aster CYSUSDT
Variational Omni CYS
Bybit CYSUSDT
BingX CYS-USDT