Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Gate−0.210%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1151.152% of the position
Funding, last 7 days−0.679%−$68 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now −0.210%, 7d avg −0.187%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.187%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FF_USDT | 0.1284 | 0.0168 | pay 0.0084% / 4h | 2h 52m | $27.0M | $1.5M | 50x |
| Short | Bybit FFUSDT | 0.1281 | 0.0100 | get 0.0050% / 4h | 2h 52m | $14.4M | $5.4M | 20x |
Gate FF_USDT
Bybit FFUSDTFunding 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
- −$14.28
- Price spread: −0.210% → −0.187%
- −$2.34
- Slippage, 4 orders
- −$89.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$131.79
- Costs to cover
- 1.152%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 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, 2 min ago | 2.73 bp | 26.0 bp −$26 | 988.6 bp −$9,886 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.34 bp | 32.0 bp −$32 | 144.2 bp −$1,442 | doesn't fit | doesn't fit |
FF 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 FF-USDT | −0.0094% | 4h | 0.1282 | −0.164% | $2.3M | $304K | 20x | as long as short |
| Binance FFUSDT | −0.0060% | 4h | 0.1281 | −0.218% | $43.4M | $20.6M | 20x | as long as short |
| MEXC FF_USDT | −0.0058% | 4h | 0.1281 | −0.234% | $10.1M | $751K | 50x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1282 | −0.112% | $1.2M | $17K | 5x | as long as short |
| Bybit FFUSDTshort | +0.0100% | 4h | 0.1281 | −0.210% | $14.4M | $5.4M | 20x | |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1284 | −0.008% | $8.6M | $5.2M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1282 | −0.132% | $18.7M | $1.3M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1282 | −0.148% | — | $6.7M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1278 | −0.428% | $1K | $1.4M | 20x | as long as short |
| Gate FF_USDTlong | +0.0168% | 4h | 0.1284 | long leg | $27.0M | $1.5M | 50x |
BloFin FF-USDT
Binance FFUSDT
MEXC FF_USDT
Aster FFUSDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FF | +0.0936% | 1h | 0.1286 | +0.171% | $136K | $35K | 3x | as long as short |
Lighter FF