Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Gate against Bybit−0.126%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$900.897% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.126%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.134% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7126 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $18.2M | $12.8M | 25x |
| Short | Gate ETHFI_USDT | 0.7117 | 0.0100 | get 0.0050% / 4h | 1h 56m | $1.7M | $2.0M | 75x |
Bybit ETHFIUSDT
Gate ETHFI_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
- $0
- Price spread: −0.126% → +0.008%
- −$13.42
- Slippage, 4 orders
- −$63.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$103.08
- Costs to cover
- 0.897%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: 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 Bybit live order book, 2 min ago | 0.70 bp | 14.0 bp −$14 | 42.7 bp −$427 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 6.34 bp | 27.8 bp −$28 | 182.0 bp −$1,820 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0594% | 1h | 0.7100 | −0.365% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0255% | 1h | 0.7103 | −0.318% | $279K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0182% | 4h | 0.7080 | −0.646% | $82K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0174% | 4h | 0.7099 | −0.379% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.600% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0038% | 8h | 0.7124 | −0.026% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0052% | 4h | 0.7130 | +0.056% | $6.1M | $5.7M | 75x | as long as short |
| Extended ETHFI-USD | +0.0072% | 1h | 0.7124 | −0.027% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0072% | 4h | 0.7121 | −0.070% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0078% | 4h | 0.7122 | −0.056% | $24.8M | $37.1M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7126 | −0.004% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7100 | −0.365% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7126 | 0.000% | $18.1M | $9.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7125 | −0.011% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7126 | long leg | $18.2M | $12.8M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7124 | −0.028% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7117 | −0.126% | $1.7M | $2.0M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7118 | −0.112% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7127 | +0.014% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7091 | −0.488% | $1.0M | $739K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7124 | −0.025% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7103 | −0.323% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0295% | 4h | 0.7097 | −0.407% | $1.3M | $290K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7165 | +0.547% | $31K | $8K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX