Funding you earn now, next payment 08:00 UTC+0.1701%/8h= +186.3% APRnext payment +$8.51 per $10,000 · paid last 24h +0.329%
Price spread now: Bybit against Gate−0.039%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$336as in the Funding arb table
Net, price: spread back to 7d avg − costs−$388as in the Price arb table
costs, in and out, $10k−$3853.849% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)−1.810%−$181 · spread now −0.039%, 7d avg −0.007%
=Funding pays, the price is against you. Bybit is 0.031% cheaper against Gate than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.490% in total) that is about 11 hours.
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 +$8.51 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 HEI_USDT | 0.1548 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $291K | $483K | 10x |
| Short | Bybit HEIUSDT | 0.1548 | 0.1801 | get 0.0901% / 4h | 3h 09m | $1.4M | $606K | 5x |
Gate HEI_USDT
Bybit HEIUSDTFunding 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
- $357.28
- Price spread: −0.039% → −0.007%
- −$3.15
- Slippage, 4 orders
- −$358.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.73
- Costs to cover
- 3.849%
- Break-even
- 7.6 days
Slippage from Gate: live order book, 42 min ago; Bybit: 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 Gate live order book, 42 min ago | 16.39 bp | 44.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.55 bp | 154.0 bp −$154 | 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 | 0.1548 | −0.026% | $3.5M | $6.7M | 10x | as long as short |
| Gate HEI_USDTlong | +0.0100% | 4h | 0.1548 | long leg | $291K | $483K | 10x | |
| MEXC HEI_USDT | +0.0100% | 4h | 0.1548 | −0.032% | $1.8M | $404K | 20x | as long as short |
| KuCoin HEIUSDTM | +0.0100% | 4h | 0.1548 | −0.058% | $909K | $349K | 10x | as long as short |
| Variational Omni HEI | +0.0100% | 4h | 0.1546 | −0.186% | $14K | $1 | — | as long as short |
| edgeX HEIUSDC | +0.0115% | 4h | 0.1554 | +0.340% | $14K | $255K | 10x | as long as short |
| Aster HEIUSDT | +0.0274% | 4h | 0.1547 | −0.127% | $20K | $56K | 5x | as long as short |
| BingX HEI-USDT | +0.1384% | 4h | 0.1547 | −0.097% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTshort | +0.1801% | 4h | 0.1548 | −0.039% | $1.4M | $606K | 5x |
Binance HEIUSDT
MEXC HEI_USDT
KuCoin HEIUSDTM
Variational Omni HEI
edgeX HEIUSDC
Aster HEIUSDT
BingX HEI-USDT