Funding you earn now, next payment 04:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.876%
Price spread now: Bybit against Gate−0.257%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$256as in the Price arb table
costs, in and out, $10k−$2302.301% of the position
Funding, last 7 days+1.106%+$111 on $10k
+Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.257%, 7d avg 0.000%
=Funding pays, the price is against you. Bybit is 0.257% cheaper against Gate than usual: you would sell low and buy high (spread −0.257% now, against its 7-day average of 0.000%). If the spread goes back, that is −$26 on $10k: about 2.7 days of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ESP_USDT | 0.09354 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $176K | $600K | 50x |
| Short | Bybit ESPUSDT | 0.09330 | 0.0414 | get 0.0207% / 4h | 2h 51m | $1.1M | $616K | 50x |
Gate ESP_USDT
Bybit ESPUSDTFunding 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
- $65.89
- Price spread: −0.257% → 0.000%
- −$25.69
- Slippage, 4 orders
- −$204.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$189.86
- Costs to cover
- 2.301%
- Break-even
- 27.2 days
Slippage from Gate: live order book, 15 min ago; Bybit: live order book, 4 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, 15 min ago | 14.82 bp | 70.1 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.76 bp | 52.4 bp −$52 | 308.2 bp −$3,082 | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDT | +0.0095% | 4h | 0.09345 | −0.096% | $123K | $34K | 25x | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09360 | +0.064% | $6K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09346 | −0.081% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09350 | −0.043% | $592K | $1.2M | 20x | as long as short |
| Gate ESP_USDTlong | +0.0100% | 8h | 0.09354 | long leg | $176K | $600K | 50x | |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09349 | −0.053% | $1.2M | $116K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09360 | +0.064% | $1.5M | $50K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09355 | +0.013% | $943K | $152K | 20x | as long as short |
| edgeX ESPUSDC | +0.0116% | 4h | 0.09342 | −0.133% | $29K | $269K | 10x | as long as short |
| BingX ESP-USDT | +0.0362% | 4h | 0.09343 | −0.118% | — | $1.7M | — | as long as short |
BloFin ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDTshort | +0.0414% | 4h | 0.09330 | −0.257% | $1.1M | $616K | 50x |