Funding you earn now, next payment 08:00 UTC−0.1463%/8h= −160.2% APRnext payment −$7.31 per $10,000 · paid last 24h −0.329%
Price spread now: Gate against Bybit−0.096%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$438as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$3893.895% of the position
Funding, last 7 days−0.490%−$49 on $10k
+Price spread, last 4 days (all we have)+1.454%+$145 · spread now −0.096%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Gate is 0.101% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.490% in total (about -25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.31 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 HEIUSDT | 0.1559 | 0.1881 | pay 0.0940% / 4h | 2h 44m | $1.4M | $596K | 5x |
| Short | Gate HEI_USDT | 0.1557 | 0.0418 | get 0.0209% / 4h | 2h 44m | $284K | $470K | 10x |
Bybit HEIUSDT
Gate HEI_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
- −$307.2
- Price spread: −0.096% → +0.004%
- −$10.06
- Slippage, 4 orders
- −$363.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$706.75
- Costs to cover
- 3.895%
- 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 | 6.09 bp | 150.8 bp −$151 | 4422.8 bp −$44.2K | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 14.44 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
HEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance HEIUSDT | +0.0100% | 4h | 0.1559 | 0.000% | $3.6M | $6.6M | 10x | as long as short |
| MEXC HEI_USDT | +0.0100% | 4h | 0.1559 | +0.026% | $1.9M | $397K | 20x | as long as short |
| KuCoin HEIUSDTM | +0.0100% | 4h | 0.1557 | −0.090% | $910K | $348K | 10x | as long as short |
| Variational Omni HEI | +0.0100% | 4h | 0.1559 | +0.047% | $15K | $1 | — | as long as short |
| edgeX HEIUSDC | +0.0118% | 4h | 0.1559 | +0.029% | $14K | $257K | 10x | as long as short |
| Aster HEIUSDT | +0.0301% | 4h | 0.1556 | −0.170% | $20K | $56K | 5x | as long as short |
| Gate HEI_USDTshort | +0.0418% | 4h | 0.1557 | −0.096% | $284K | $470K | 10x | |
| BingX HEI-USDT | +0.1872% | 4h | 0.1558 | −0.026% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTlong | +0.1881% | 4h | 0.1559 | long leg | $1.4M | $596K | 5x |
Binance HEIUSDT
MEXC HEI_USDT
KuCoin HEIUSDTM
Variational Omni HEI
edgeX HEIUSDC
Aster HEIUSDT
BingX HEI-USDT