Funding you earn now, next payment 04:00 UTC−0.0266%/8h= −29.1% APRnext payment −$1.33 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate+0.434%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$643as in the Funding arb table
Net, price: spread back to 7d avg − costs−$603as in the Price arb table
costs, in and out, $10k−$6376.370% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−0.319%−$32 · spread now +0.434%, 7d avg +0.091%
=The price spread pays, funding is against you. Bybit is 0.343% dearer against Gate than usual: you sell high and buy low (spread +0.434% now, against its 7-day average of +0.091%): +$34 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.059% in total) that is about 41 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 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 EPIC_USDT | 0.6224 | 0.0366 | pay 0.0183% / 4h | 3h 21m | $538K | $1.5M | 25x |
| Short | Bybit EPICUSDT | 0.6251 | 0.0100 | get 0.0050% / 4h | 3h 21m | $1.4M | $5.3M | 25x |
Gate EPIC_USDT
Bybit EPICUSDTFunding 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
- −$55.86
- Price spread: +0.434% → +0.091%
- $34.28
- Slippage, 4 orders
- −$611
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$658.58
- Costs to cover
- 6.370%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 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, 1 min ago | 9.63 bp | 221.0 bp −$221 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.80 bp | 78.3 bp −$78 | 411.0 bp −$4,110 | doesn't fit | doesn't fit |
EPIC on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX EPIC-USDT | +0.0070% | 4h | 0.6246 | +0.353% | — | $2.6M | — | as long as short |
| Binance EPICUSDT | +0.0100% | 4h | 0.6239 | +0.241% | $6.4M | $25.8M | 20x | as long as short |
| Bybit EPICUSDTshort | +0.0100% | 4h | 0.6251 | +0.434% | $1.4M | $5.3M | 25x | |
| MEXC EPIC_USDT | +0.0100% | 4h | 0.6241 | +0.273% | $270K | $331K | 20x | as long as short |
| BloFin EPIC-USDT | +0.0141% | 4h | 0.6199 | −0.402% | $322K | $111K | 20x | as long as short |
| Gate EPIC_USDTlong | +0.0366% | 4h | 0.6224 | long leg | $538K | $1.5M | 25x | |
| Bitget EPICUSDT | +0.0542% | 4h | 0.6240 | +0.257% | $5.4M | $3.5M | 10x | as long as short |
BingX EPIC-USDT
Binance EPICUSDT
MEXC EPIC_USDT
BloFin EPIC-USDT
Bitget EPICUSDT