Funding you earn now, next payment 08:00 UTC−0.2492%/8h= −272.9% APRnext payment −$12.46 per $10,000 · paid last 24h +0.049%
Price spread now: Bybit against Gate−0.018%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2362.365% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.018%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$75 a day on $10k at the current rate, and Bybit is 0.045% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.46 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 DATA_USDT | 0.2227 | −0.3012 | get 0.1506% / 4h | 2h 32m | $114K | $124K | 20x |
| Short | Bybit DATAUSDT | 0.2227 | −0.5504 | pay 0.2752% / 4h | 2h 32m | $1.2M | $2.5M | 20x |
Gate DATA_USDT
Bybit DATAUSDTFunding 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
- −$523.33
- Price spread: −0.018% → +0.027%
- −$4.49
- Slippage, 4 orders
- −$210.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$764.3
- Costs to cover
- 2.365%
- Break-even
- never at this rate
Slippage from Gate: live order book, 39 min ago; Bybit: live order book, 9 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 | 13.70 bp | 65.9 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 8.97 bp | 48.2 bp −$48 | 448.5 bp −$4,485 | doesn't fit | doesn't fit |
DATA on 9 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 DATAUSDTshort | −0.5504% | 4h | 0.2227 | −0.018% | $1.2M | $2.5M | 20x | |
| MEXC DATA_USDT | −0.3062% | 4h | 0.2221 | −0.269% | $124K | $276K | 20x | as long as short |
| OKX DATA-USDT-SWAP | −0.3059% | 4h | 0.2219 | −0.359% | $1.2M | $9.6M | 20x | as long as short |
| BloFin DATA-USDT | −0.3031% | 4h | 0.2223 | −0.180% | $116K | $7K | 20x | as long as short |
| Gate DATA_USDTlong | −0.3012% | 4h | 0.2227 | long leg | $114K | $124K | 20x | |
| Extended DATA-USD | −0.2136% | 1h | 0.2220 | −0.326% | $927 | $60 | 5x | as long as short |
| KuCoin DATAUSDTM | −0.1342% | 4h | 0.2227 | −0.009% | $259K | $978K | 30x | as long as short |
| Lighter DATA | −0.0256% | 1h | 0.2227 | 0.000% | $69K | $276K | 10x | as long as short |
| Bitget DATAUSDT | −0.0152% | 4h | 0.2230 | +0.135% | $676K | $660K | 50x | as long as short |
MEXC DATA_USDT
OKX DATA-USDT-SWAP
BloFin DATA-USDT
Extended DATA-USD
KuCoin DATAUSDTM
Lighter DATA
Bitget DATAUSDT