Funding you earn now, next payment 04:00 UTC−0.2092%/8h= −229.0% APRpaid last 24h −0.150%
Price spread now: Bybit against Gate−0.022%7-day average +0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2342.337% of the position
Funding, last 7 days+2.351%+$235 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.022%, 7d avg +0.116%
=Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and Bybit is 0.138% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.116%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.351%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate IOST_USDT | 0.0009010 | −0.1070 | get 0.0535% / 4h | 1h 18m | $729K | $491K | 25x |
| Short | Bybit IOSTUSDT | 0.0009008 | −0.3162 | pay 0.3162% / 8h | 5h 18m | $1.9M | $2.1M | 25x |
Gate IOST_USDT
Bybit IOSTUSDTFunding 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
- −$439.25
- Price spread: −0.022% → +0.116%
- −$13.84
- Slippage, 4 orders
- −$207.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$686.83
- Costs to cover
- 2.337%
- Break-even
- never at this rate
Slippage from Gate: live order book, 43 min ago; Bybit: live order book, 3 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, 43 min ago | 5.54 bp | 77.7 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.11 bp | 37.9 bp −$38 | 262.3 bp −$2,623 | doesn't fit | doesn't fit |
IOST 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 IOSTUSDTshort | −0.3162% | 8h | 0.0009008 | −0.022% | $1.9M | $2.1M | 25x | |
| OKX IOST-USDT-SWAP | −0.2486% | 4h | 0.0009011 | +0.011% | $1.6M | $4.0M | 10x | as long as short |
| BloFin IOST-USDT | −0.2313% | 4h | 0.0009035 | +0.277% | $298K | $2.0M | 50x | as long as short |
| Binance IOSTUSDT | −0.2280% | 4h | 0.0009012 | +0.020% | $5.8M | $16.0M | 50x | as long as short |
| MEXC IOST_USDT | −0.2280% | 4h | 0.0009015 | +0.055% | $2.0M | $448K | 50x | as long as short |
| Bitget IOSTUSDT | −0.2214% | 4h | 0.0009015 | +0.055% | $654K | $2.2M | 25x | as long as short |
| Variational Omni IOST | −0.1709% | 8h | 0.0009040 | +0.331% | $10K | $5K | — | as long as short |
| Gate IOST_USDTlong | −0.1070% | 4h | 0.0009010 | long leg | $729K | $491K | 25x | |
| BingX IOST-USDT | −0.0802% | 4h | 0.0009012 | +0.022% | — | $2.4M | — | as long as short |
OKX IOST-USDT-SWAP
BloFin IOST-USDT
Binance IOSTUSDT
MEXC IOST_USDT
Bitget IOSTUSDT
Variational Omni IOST
BingX IOST-USDT