Funding you earn now, next payment 04:00 UTC−0.0806%/8h= −88.3% APRnext payment −$4.03 per $10,000 · paid last 24h −0.029%
Price spread now: Bybit against Gate−0.106%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,621as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,658as in the Price arb table
costs, in and out, $10k−$1,64816.481% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.106%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bybit is 0.103% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.267%, 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 0.267% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.03 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 ESPORTS_USDT | 0.01036 | 0.0908 | pay 0.0454% / 4h | 29m 09s | $370K | $569K | 10x |
| Short | Bybit ESPORTSUSDT | 0.01035 | 0.0102 | get 0.0051% / 4h | 29m 09s | $1.8M | $1.1M | 10x |
Gate ESPORTS_USDT
Bybit ESPORTSUSDTFunding 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
- −$169.29
- Price spread: −0.106% → −0.003%
- −$10.28
- Slippage, 4 orders
- −$1,622.12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,827.7
- Costs to cover
- 16.481%
- Break-even
- never at this rate
Slippage from Gate: live order book, 27 min ago; Bybit: live order book, 2 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, 27 min ago | 14.54 bp | 951.3 bp −$951 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.84 bp | 56.0 bp −$56 | 599.6 bp −$5,996 | doesn't fit | doesn't fit |
ESPORTS 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPORTSUSDTshort | +0.0102% | 4h | 0.01035 | −0.106% | $1.8M | $1.1M | 10x | |
| Variational Omni ESPORTS | +0.0337% | 4h | 0.01032 | −0.355% | $31K | $507 | — | as long as short |
| Gate ESPORTS_USDTlong | +0.0908% | 4h | 0.01036 | long leg | $370K | $569K | 10x | |
| KuCoin ESPORTSUSDTM | +0.0912% | 4h | 0.01033 | −0.290% | $779K | $42K | 10x | as long as short |
| Aster ESPORTSUSDT | +0.1027% | 4h | 0.01033 | −0.268% | $126K | $88K | 5x | as long as short |
| Binance ESPORTSUSDT | +0.1410% | 4h | 0.01033 | −0.290% | $5.7M | $4.6M | 10x | as long as short |
| MEXC ESPORTS_USDT | +0.1412% | 4h | 0.01034 | −0.193% | $1.4M | $186K | 20x | as long as short |
| BingX ESPORTS-USDT | +0.1434% | 4h | 0.01035 | −0.097% | — | $1.4M | — | as long as short |
Variational Omni ESPORTS
KuCoin ESPORTSUSDTM
Aster ESPORTSUSDT
Binance ESPORTSUSDT
MEXC ESPORTS_USDT
BingX ESPORTS-USDT