Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.032%
Price spread now: Bybit against Gate+0.191%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1531.529% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.191%, 7d avg +0.070%
=The price spread pays, funding is against you. Bybit is 0.121% dearer against Gate than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.070%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GAS_USDT | 1.4100 | 0.0136 | pay 0.0068% / 4h | 1h 18m | $110K | $71K | 25x |
| Short | Bybit GASUSDT | 1.4127 | 0.0100 | get 0.0050% / 4h | 1h 18m | $847K | $300K | 25x |
Gate GAS_USDT
Bybit GASUSDTFunding 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
- −$7.56
- Price spread: +0.191% → +0.070%
- $12.13
- Slippage, 4 orders
- −$126.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$148.36
- Costs to cover
- 1.529%
- Break-even
- never at this rate
Slippage from Gate: live order book, 59 min ago; Bybit: live order book, 42 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, 59 min ago | 3.55 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 42 min ago | 1.42 bp | 29.2 bp −$29 | 256.0 bp −$2,560 | doesn't fit | doesn't fit |
GAS 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 GAS-USDT | +0.0098% | 4h | 1.4120 | +0.142% | $76K | $24K | 75x | as long as short |
| Hyperliquid GAS | +0.0100% | 1h | 1.4133 | +0.235% | $107K | $58K | 3x | as long as short |
| Binance GASUSDT | +0.0100% | 4h | 1.4117 | +0.120% | $1.5M | $1.7M | 50x | as long as short |
| Bybit GASUSDTshort | +0.0100% | 4h | 1.4127 | +0.191% | $847K | $300K | 25x | |
| OKX GAS-USDT-SWAP | +0.0100% | 4h | 1.4109 | +0.064% | $380K | $259K | 20x | as long as short |
| MEXC GAS_USDT | +0.0100% | 4h | 1.4120 | +0.142% | $879K | $135K | 50x | as long as short |
| KuCoin GASUSDTM | +0.0100% | 4h | 1.4110 | +0.071% | $184K | $15K | 30x | as long as short |
| Bitget GASUSDT | +0.0100% | 4h | 1.4120 | +0.142% | $397K | $279K | 50x | as long as short |
| BingX GAS-USDT | +0.0100% | 4h | 1.4130 | +0.213% | — | $2.3M | — | as long as short |
| Variational Omni GAS | +0.0100% | 4h | 1.4155 | +0.393% | $5K | $2 | — | as long as short |
BloFin GAS-USDT
Hyperliquid GAS
Binance GASUSDT
OKX GAS-USDT-SWAP
MEXC GAS_USDT
KuCoin GASUSDTM
Bitget GASUSDT
BingX GAS-USDT
Variational Omni GASShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GAS_USDTlong | +0.0136% | 4h | 1.4100 | long leg | $110K | $71K | 25x |