Funding you earn now, next payment 04:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.68 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against Gate+0.111%7-day average +0.281% · you sell dearer than you buy
Net, funding: paid 7d − costs−$489as in the Funding arb table
Net, price: spread back to 7d avg − costs−$364as in the Price arb table
costs, in and out, $10k−$3473.466% of the position
Funding, last 7 days−1.422%−$142 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now +0.111%, 7d avg +0.281%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.170% cheaper against Gate than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.281%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate INX_USDT | 0.006300 | 0.0466 | pay 0.0233% / 4h | 6m 42s | $1.6M | $72K | 25x |
| Short | Bybit INXUSDT | 0.006307 | 0.0331 | get 0.0165% / 4h | 6m 42s | $807K | $397K | 13x |
Gate INX_USDT
Bybit INXUSDTFunding 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
- −$28.43
- Price spread: +0.111% → +0.281%
- −$16.96
- Slippage, 4 orders
- −$320.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$392.03
- Costs to cover
- 3.466%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 48 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 | 7.93 bp | 95.8 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 48 min ago | 5.51 bp | 83.4 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
INX 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1576% | 1h | 0.006083 | −3.444% | $5K | $5K | 50x | as long as short |
| Deribit INX_USDC-PERPETUAL | 0.0000% | 1h | 0.006295 | −0.079% | $57K | $20K | 10x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006312 | +0.190% | $396K | $112K | 25x | as long as short |
| KuCoin INXUSDTM | +0.0134% | 4h | 0.006309 | +0.143% | $280K | $55K | 20x | as long as short |
| Binance INXUSDT | +0.0316% | 4h | 0.006301 | +0.016% | $2.1M | $1.6M | 25x | as long as short |
| Extended INX-USD | +0.0328% | 1h | 0.006301 | +0.020% | $1K | $102K | 5x | as long as short |
| MEXC INX_USDT | +0.0328% | 4h | 0.006305 | +0.079% | $903K | $216K | 50x | as long as short |
| Bybit INXUSDTshort | +0.0331% | 4h | 0.006307 | +0.111% | $807K | $397K | 13x | |
| BingX INX-USDT | +0.0380% | 4h | 0.006306 | +0.095% | — | $6.5M | — | as long as short |
| Gate INX_USDTlong | +0.0466% | 4h | 0.006300 | long leg | $1.6M | $72K | 25x |
Coinbase International INX-PERP-INTX
Deribit INX_USDC-PERPETUAL
Bitget INXUSDT
KuCoin INXUSDTM
Binance INXUSDT
Extended INX-USD
MEXC INX_USDT
BingX INX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster INXUSDT | +0.0728% | 4h | 0.006303 | +0.048% | $19K | $10K | 5x | as long as short |
Aster INXUSDT