Funding you earn now, next payment 04:00 UTC−0.0277%/8h= −30.3% APRnext payment −$1.38 per $10,000 · paid last 24h −0.049%
Price spread now: Gate against Bybit+0.084%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2542.542% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.225%−$23 · spread now +0.084%, 7d avg −0.065%
=The price spread pays, funding is against you. Gate is 0.149% dearer against Bybit than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.065%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.068% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.38 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 FORMUSDT | 0.3578 | 0.0377 | pay 0.0188% / 4h | 2h 11m | $2.3M | $12.5M | 20x |
| Short | Gate FORM_USDT | 0.3581 | 0.0100 | get 0.0050% / 4h | 2h 11m | $783K | $4.4M | 50x |
Bybit FORMUSDT
Gate FORM_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
- −$58.07
- Price spread: +0.084% → −0.065%
- $14.91
- Slippage, 4 orders
- −$228.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$297.34
- Costs to cover
- 2.542%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: 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 Bybit live order book, 2 min ago | 6.99 bp | 97.1 bp −$97 | 252.4 bp −$2,524 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.00 bp | 34.1 bp −$34 | 147.6 bp −$1,476 | doesn't fit | doesn't fit |
FORM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FORM/USD | L −0.0007% / S +0.0008% | 1h | 0.3576 | −0.053% | — | — | — | as long as short |
| BingX FORM-USDT | +0.0070% | 4h | 0.3578 | 0.000% | — | $3.7M | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3577 | −0.033% | $45K | $789K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3572 | −0.168% | $19.1M | $152.1M | 50x | as long as short |
| Gate FORM_USDTshort | +0.0100% | 4h | 0.3581 | +0.084% | $783K | $4.4M | 50x | |
| MEXC FORM_USDT | +0.0100% | 4h | 0.3578 | 0.000% | $1.7M | $8.9M | 100x | as long as short |
| KuCoin FORMUSDTM | +0.0100% | 4h | 0.3576 | −0.056% | $437K | $1.1M | 30x | as long as short |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3571 | −0.196% | $1.2M | $9.0M | 50x | as long as short |
| Bybit FORMUSDTlong | +0.0377% | 4h | 0.3578 | long leg | $2.3M | $12.5M | 20x |
gTrade (Gains Network) FORM/USD
BingX FORM-USDT
Aster FORMUSDT
Binance FORMUSDT
MEXC FORM_USDT
KuCoin FORMUSDTM
Bitget FORMUSDT