Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.021%
Price spread now: Bybit against Gate+0.020%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.020%, 7d avg −0.021%
=The price spread pays, funding is against you. Bybit is 0.041% dearer against Gate than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.021%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.024% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FIL_USDT | 0.9951 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $7.9M | $16.3M | 50x |
| Short | Bybit FILUSDT | 0.9953 | 0.0040 | get 0.0040% / 8h | 1h 00m | $15.5M | $18.1M | 25x |
Gate FIL_USDT
Bybit FILUSDTFunding 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
- −$12.64
- Price spread: +0.020% → −0.021%
- $4.11
- Slippage, 4 orders
- −$25.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.35
- Costs to cover
- 0.518%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 1.01 bp | 14.7 bp −$15 | 25.7 bp −$257 | 46.8 bp −$4,684 | 76.5 bp −$38.3K |
| Sell Bybit live order book, 3 min ago | 0.50 bp | 12.0 bp −$12 | 32.7 bp −$327 | 177.2 bp −$17.7K | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0690% | 1h | 0.9953 | +0.017% | $1.4M | $2.4M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0653% | 1h | 0.9958 | +0.070% | $171K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9945 | −0.060% | $321K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.965% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9957 | +0.062% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9957 | +0.055% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0010% | 8h | 0.9953 | +0.020% | $7.5M | $7.1M | 50x | as long as short |
| Bitget FILUSDT | +0.0016% | 8h | 0.9949 | −0.020% | $10.9M | $21.4M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0035% | 8h | 0.9950 | −0.010% | $18.2M | $98.9M | 50x | as long as short |
| Bybit FILUSDTshort | +0.0040% | 8h | 0.9953 | +0.020% | $15.5M | $18.1M | 25x |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bitget FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0071% | 8h | 0.9948 | −0.030% | $253K | $106K | 50x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9949 | −0.021% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0076% | 8h | 0.9953 | +0.020% | — | $11.9M | — | as long as short |
| Binance FILUSDT | +0.0076% | 8h | 0.9953 | +0.020% | $57.6M | $176.4M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9943 | −0.083% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9953 | +0.019% | $8.7M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9957 | +0.062% | $500K | $526K | 20x | as long as short |
| Gate FIL_USDTlong | +0.0100% | 8h | 0.9951 | long leg | $7.9M | $16.3M | 50x | |
| Variational Omni FIL | +0.0100% | 8h | 0.9950 | −0.008% | $443K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9942 | −0.090% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9938 | −0.126% | $289K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9940 | −0.111% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9964 | +0.136% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9950 | −0.010% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9949 | −0.020% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9960 | +0.090% | $631K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9950 | −0.010% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0195% | 8h | 0.9947 | −0.040% | $2.7M | $662K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0709% | 1h | 0.9957 | +0.063% | $208K | — | 100x | as long as short |
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDT
Binance FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]