Funding you earn now, next payment 08:00 UTC−0.0446%/8h= −48.8% APRnext payment −$2.23 per $10,000 · paid last 24h −0.033%
Price spread now: Bybit against Gate0.000%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$300as in the Price arb table
costs, in and out, $10k−$3003.001% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now 0.000%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.23 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 | 0.1631 | 0.0896 | pay 0.0448% / 4h | 2h 00m | $633K | $130K | 20x |
| Short | Bybit CYSUSDT | 0.1631 | 0.0450 | get 0.0225% / 4h | 2h 00m | $1.5M | $1.1M | 13x |
Gate CYS_USDT
Bybit CYSUSDTFunding 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
- −$93.67
- Price spread: 0.000% → +0.001%
- −$0.13
- Slippage, 4 orders
- −$274.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$393.89
- Costs to cover
- 3.001%
- Break-even
- never at this rate
Slippage from Gate: live order book, 46 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, 46 min ago | 15.50 bp | 70.0 bp −$70 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.07 bp | 68.1 bp −$68 | 668.5 bp −$6,685 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CYSUSDT | +0.0100% | 4h | 0.1631 | −0.006% | $259K | $89K | 10x | as long as short |
| KuCoin CYSUSDTM | +0.0100% | 4h | 0.1629 | −0.123% | $1.4M | $153K | 20x | as long as short |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1630 | −0.055% | $1.7M | $696K | 25x | as long as short |
| Binance CYSUSDT | +0.0115% | 4h | 0.1630 | −0.036% | $4.3M | $5.0M | 20x | as long as short |
| MEXC CYS_USDT | +0.0118% | 4h | 0.1629 | −0.123% | $1.5M | $245K | 50x | as long as short |
| edgeX CYSUSDC | +0.0137% | 4h | 0.1625 | −0.390% | $7K | $111K | 10x | as long as short |
| Variational Omni CYS | +0.0175% | 4h | 0.1631 | +0.012% | $34K | $13K | — | as long as short |
| Bybit CYSUSDTshort | +0.0450% | 4h | 0.1631 | 0.000% | $1.5M | $1.1M | 13x | |
| BingX CYS-USDT | +0.0484% | 4h | 0.1629 | −0.123% | — | $1.3M | — | as long as short |
| Gate CYS_USDTlong | +0.0896% | 4h | 0.1631 | long leg | $633K | $130K | 20x |
Aster CYSUSDT
KuCoin CYSUSDTM
Bitget CYSUSDT
Binance CYSUSDT
MEXC CYS_USDT
edgeX CYSUSDC
Variational Omni CYS
BingX CYS-USDT