GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1039%/8h= −113.7% APRnext payment −$5.19 per $10,000 · paid last 24h −0.055%

Price spread now: Bybit against Gate+0.054%7-day average +0.190% · you sell dearer than you buy

Net, funding: paid 7d − costs−$609as in the Funding arb table

Net, price: spread back to 7d avg − costs−$614as in the Price arb table

costs, in and out, $10k−$6006.003% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.054%, 7d avg +0.190%

Together, before fees−0.165%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bybit is 0.135% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.190%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.19 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	Gate GWEI_USDT	0.02386	0.1198	pay 0.0599% / 4h	54m 18s	$402K	$435K	10x
Short	Bybit GWEIUSDT	0.02387	0.0159	get 0.0080% / 4h	54m 18s	$399K	$177K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$218.09
Price spread: +0.054% → +0.190%: −$13.54
Slippage, 4 orders: −$574.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$831.98
Costs to cover: 6.003%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 60 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, 1 min ago	5.88 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 60 min ago	2.16 bp	183.4 bp −$183	doesn't fit	doesn't fit	doesn't fit

GWEI 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
KuCoin GWEIUSDTM	+0.0100%	4h	0.02381	−0.197%	$468K	$23K	20x	as long as short
Variational Omni GWEI	+0.0100%	4h	0.02374	−0.507%	$4K	$55	—	as long as short
Bybit GWEIUSDTshort	+0.0159%	4h	0.02387	+0.054%	$399K	$177K	25x
Bitget GWEIUSDT	+0.0172%	4h	0.02383	−0.113%	$1.9M	$283K	20x	as long as short
BloFin GWEI-USDT	+0.0238%	4h	0.02383	−0.113%	$181K	$34K	50x	as long as short
BingX GWEI-USDT	+0.0242%	4h	0.02383	−0.113%	—	$1.6M	—	as long as short
MEXC GWEI_USDT	+0.0248%	4h	0.02384	−0.071%	$118K	$85K	20x	as long as short
Extended GWEI-USD	+0.0256%	1h	0.02384	−0.054%	$6K	$128K	5x	as long as short
Binance GWEIUSDT	+0.0256%	4h	0.02385	−0.025%	$2.6M	$3.1M	50x	as long as short
Gate GWEI_USDTlong	+0.1198%	4h	0.02386	long leg	$402K	$435K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1439%	4h	0.02376	−0.391%	$18K	$21K	10x	as long as short