Funding you earn now, next payment 08:00 UTC−0.0422%/8h= −46.2% APRnext payment −$2.11 per $10,000 · paid last 24h −0.056%
Price spread now: Gate against Bybit−0.059%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$284as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$2872.874% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.059%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.116% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.11 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 ERAUSDT | 0.06769 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $766K | $804K | 25x |
| Short | Gate ERA_USDT | 0.06765 | −0.0322 | pay 0.0161% / 4h | 3h 32m | $151K | $664K | 25x |
Bybit ERAUSDT
Gate ERA_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
- −$88.62
- Price spread: −0.059% → +0.056%
- −$11.55
- Slippage, 4 orders
- −$261.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$387.6
- Costs to cover
- 2.874%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 17 min ago; Gate: live order book, 19 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, 17 min ago | 5.16 bp | 85.3 bp −$85 | 239.3 bp −$2,393 | doesn't fit | doesn't fit |
| Sell Gate live order book, 19 min ago | 8.10 bp | 65.8 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
ERA 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ERA_USDTshort | −0.0322% | 4h | 0.06765 | −0.059% | $151K | $664K | 25x | |
| Aster ERAUSDT | +0.0100% | 4h | 0.06767 | −0.029% | $5K | $12K | 5x | as long as short |
| Binance ERAUSDT | +0.0100% | 4h | 0.06771 | +0.029% | $2.1M | $4.3M | 25x | as long as short |
| Bybit ERAUSDTlong | +0.0100% | 4h | 0.06769 | long leg | $766K | $804K | 25x | |
| MEXC ERA_USDT | +0.0100% | 4h | 0.06770 | +0.015% | $529K | $152K | 20x | as long as short |
| KuCoin ERAUSDTM | +0.0100% | 4h | 0.06768 | −0.015% | $136K | $65K | 25x | as long as short |
| Bitget ERAUSDT | +0.0100% | 4h | 0.06773 | +0.059% | $816K | $223K | 25x | as long as short |
| BingX ERA-USDT | +0.0100% | 4h | 0.06772 | +0.044% | — | $6.5M | — | as long as short |
| Variational Omni ERA | +0.0100% | 4h | 0.06769 | +0.005% | $10K | $594 | — | as long as short |
Aster ERAUSDT
Binance ERAUSDT
MEXC ERA_USDT
KuCoin ERAUSDTM
Bitget ERAUSDT
BingX ERA-USDT
Variational Omni ERA