Funding you earn now, next payment 04:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h 0.000%
Price spread now: Bybit against Gate−0.227%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$520as in the Funding arb table
Net, price: spread back to 7d avg − costs−$544as in the Price arb table
costs, in and out, $10k−$5165.160% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.227%, 7d avg +0.050%
=Funding pays, the price is against you. Bybit is 0.276% cheaper against Gate than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of +0.050%). If the spread goes back, that is −$28 on $10k: about 5.5 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate LPT_USDT | 1.7200 | −0.0067 | get 0.0067% / 8h | 7h 44m | $238K | $831K | 50x |
| Short | Bybit LPTUSDT | 1.7161 | 0.0100 | get 0.0050% / 4h | 3h 44m | $1.8M | $1.9M | 25x |
Gate LPT_USDT
Bybit LPTUSDTFunding 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
- $35.07
- Price spread: −0.227% → +0.050%
- −$27.62
- Slippage, 4 orders
- −$490.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$508.57
- Costs to cover
- 5.160%
- Break-even
- 108.5 days
Slippage from Gate: live order book, 27 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, 27 min ago | 2.90 bp | 334.6 bp −$335 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.75 bp | 32.6 bp −$33 | 195.4 bp −$1,954 | doesn't fit | doesn't fit |
LPT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LPTUSD | −0.0768% | 1h | 1.7218 | +0.104% | $47K | $104K | 25x | as long as short |
| Gate LPT_USDTlong | −0.0067% | 8h | 1.7200 | long leg | $238K | $831K | 50x | |
| Aster LPTUSDT | +0.0100% | 4h | 1.7195 | −0.029% | $5K | $17K | 5x | as long as short |
| Binance LPTUSDT | +0.0100% | 4h | 1.7163 | −0.212% | $3.6M | $10.5M | 50x | as long as short |
| Bybit LPTUSDTshort | +0.0100% | 4h | 1.7161 | −0.227% | $1.8M | $1.9M | 25x | |
| OKX LPT-USDT-SWAP | +0.0100% | 4h | 1.7160 | −0.233% | $1.5M | $3.1M | 20x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.7160 | −0.233% | $2.0M | $943K | 50x | as long as short |
| KuCoin LPTUSDTM | +0.0100% | 4h | 1.7170 | −0.174% | $305K | $181K | 50x | as long as short |
| Bitget LPTUSDT | +0.0100% | 4h | 1.7160 | −0.233% | $1.3M | $807K | 50x | as long as short |
| BingX LPT-USDT | +0.0100% | 4h | 1.7160 | −0.233% | — | $2.5M | — | as long as short |
Kraken Futures PF_LPTUSD
Aster LPTUSDT
Binance LPTUSDT
OKX LPT-USDT-SWAP
MEXC LPT_USDT
KuCoin LPTUSDTM
Bitget LPTUSDT
BingX LPT-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LPT | +0.0100% | 4h | 1.7179 | −0.123% | $6K | $3K | — | as long as short |
| BloFin LPT-USDT | +0.0140% | 4h | 1.7220 | +0.116% | $204K | $26K | 50x | as long as short |
Variational Omni LPT
BloFin LPT-USDT