Funding you earn now, next payment 04:00 UTC+0.1214%/8h= +132.9% APRnext payment +$6.07 per $10,000 · paid last 24h +0.084%
Price spread now: Gate against Bybit−0.248%7-day average +0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$635as in the Funding arb table
Net, price: spread back to 7d avg − costs−$721as in the Price arb table
costs, in and out, $10k−$6866.855% of the position
Funding, last 7 days+0.510%+$51 on $10k
+Price spread, last 4 days (all we have)+0.588%+$59 · spread now −0.248%, 7d avg +0.102%
=Funding pays, the price is against you. Gate is 0.350% cheaper against Bybit than usual: you would sell low and buy high (spread −0.248% now, against its 7-day average of +0.102%). If the spread goes back, that is −$35 on $10k: about 23 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.510% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.510% in total (about 26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.07 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 FIGHTUSDT | 0.003626 | 0.0100 | pay 0.0050% / 4h | 28m 40s | $1.6M | $207K | 20x |
| Short | Gate FIGHT_USDT | 0.003617 | 0.1314 | get 0.0657% / 4h | 28m 40s | $227K | $60K | 20x |
Bybit FIGHTUSDT
Gate FIGHT_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
- $254.94
- Price spread: −0.248% → +0.102%
- −$35.03
- Slippage, 4 orders
- −$659.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$465.62
- Costs to cover
- 6.855%
- Break-even
- 19.8 days
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 23 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, 3 min ago | 13.81 bp | 182.8 bp −$183 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 23 min ago | 13.80 bp | 62.5 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
FIGHT 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 FIGHTUSDTlong | +0.0100% | 4h | 0.003626 | long leg | $1.6M | $207K | 20x | |
| KuCoin FIGHTUSDTM | +0.0198% | 4h | 0.003616 | −0.276% | $456K | $26K | 20x | as long as short |
| Aster FIGHTUSDT | +0.1218% | 4h | 0.003616 | −0.287% | $13K | $6K | 5x | as long as short |
| Gate FIGHT_USDTshort | +0.1314% | 4h | 0.003617 | −0.248% | $227K | $60K | 20x | |
| BloFin FIGHT-USDT | +0.1343% | 4h | 0.003618 | −0.221% | $312K | $7K | 20x | as long as short |
| MEXC FIGHT_USDT | +0.1348% | 4h | 0.003622 | −0.110% | $217K | $125K | 20x | as long as short |
| Binance FIGHTUSDT | +0.1356% | 4h | 0.003622 | −0.110% | $3.3M | $1.3M | 20x | as long as short |
| Bitget FIGHTUSDT | +0.2012% | 4h | 0.003606 | −0.552% | $1.1M | $128K | 5x | as long as short |
KuCoin FIGHTUSDTM
Aster FIGHTUSDT
BloFin FIGHT-USDT
MEXC FIGHT_USDT
Binance FIGHTUSDT
Bitget FIGHTUSDT