Funding you earn now, next payment 04:00 UTC−0.1235%/8h= −135.2% APRnext payment −$6.17 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.132%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$3153.147% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.132%, 7d avg −0.031%
=The price spread pays, funding is against you. Gate is 0.163% dearer against Bybit than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.031%): +$16 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.025% in total) that is about 46 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.17 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 | Bybit DATAUSDT | 0.2265 | −0.1159 | get 0.0580% / 4h | 2h 12m | $1.3M | $1.6M | 20x |
| Short | Gate DATA_USDT | 0.2268 | −0.2394 | pay 0.1197% / 4h | 2h 12m | $117K | $86K | 20x |
Bybit DATAUSDT
Gate DATA_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
- −$259.34
- Price spread: +0.132% → −0.031%
- $16.34
- Slippage, 4 orders
- −$288.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$557.73
- Costs to cover
- 3.147%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 14 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 | 8.72 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 14 min ago | 15.60 bp | 131.3 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3073% | 4h | 0.2254 | −0.486% | $1.3M | $7.0M | 20x | as long as short |
| MEXC DATA_USDT | −0.3072% | 4h | 0.2265 | 0.000% | $103K | $273K | 20x | as long as short |
| Gate DATA_USDTshort | −0.2394% | 4h | 0.2268 | +0.132% | $117K | $86K | 20x | |
| Extended DATA-USD | −0.1432% | 1h | 0.2255 | −0.422% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDTlong | −0.1159% | 4h | 0.2265 | long leg | $1.3M | $1.6M | 20x | |
| KuCoin DATAUSDTM | −0.1050% | 4h | 0.2281 | +0.689% | $207K | $1.0M | 30x | as long as short |
| Lighter DATA | −0.0184% | 1h | 0.2266 | +0.044% | $72K | $225K | 10x | as long as short |
| Bitget DATAUSDT | +0.0100% | 4h | 0.2268 | +0.132% | $680K | $469K | 50x | as long as short |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Lighter DATA
Bitget DATAUSDT