Funding you earn now, next payment 04:00 UTC−0.0564%/8h= −61.8% APRnext payment −$2.82 per $10,000 · paid last 24h +0.092%
Price spread now: Bybit against Gate−0.082%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$768as in the Funding arb table
Net, price: spread back to 7d avg − costs−$751as in the Price arb table
costs, in and out, $10k−$7427.424% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.082%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.087% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.82 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 IN_USDT | 0.03657 | 0.0664 | pay 0.0332% / 4h | 1h 20m | $240K | $151K | 50x |
| Short | Bybit INUSDT | 0.03654 | 0.0100 | get 0.0050% / 4h | 1h 20m | $792K | $238K | 20x |
Gate IN_USDT
Bybit INUSDTFunding 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
- −$118.44
- Price spread: −0.082% → +0.005%
- −$8.65
- Slippage, 4 orders
- −$716.42
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$869.51
- Costs to cover
- 7.424%
- Break-even
- never at this rate
Slippage from Gate: live order book, 36 min ago; Bybit: live order book, 39 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, 36 min ago | 8.34 bp | 230.8 bp −$231 | 43321.8 bp −$433.2K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 6.97 bp | 109.5 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
IN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit INUSDTshort | +0.0100% | 4h | 0.03654 | −0.082% | $792K | $238K | 20x | |
| KuCoin INUSDTM | +0.0100% | 4h | 0.03657 | 0.000% | $301K | $77K | 30x | as long as short |
| Bitget INUSDT | +0.0100% | 4h | 0.03664 | +0.191% | $866K | $214K | 25x | as long as short |
| Variational Omni IN | +0.0100% | 4h | 0.03643 | −0.374% | $1K | $6 | — | as long as short |
| Aster INUSDT | +0.0400% | 4h | 0.03646 | −0.313% | $132K | $15K | 5x | as long as short |
| BingX IN-USDT | +0.0526% | 4h | 0.03658 | +0.027% | — | $2.3M | — | as long as short |
| MEXC IN_USDT | +0.0560% | 4h | 0.03657 | 0.000% | $286K | $97K | 20x | as long as short |
| Binance INUSDT | +0.0562% | 4h | 0.03656 | −0.027% | $2.0M | $1.5M | 25x | as long as short |
| Gate IN_USDTlong | +0.0664% | 4h | 0.03657 | long leg | $240K | $151K | 50x |
KuCoin INUSDTM
Bitget INUSDT
Variational Omni IN
Aster INUSDT
BingX IN-USDT
MEXC IN_USDT
Binance INUSDT