Funding you earn now, next payment 04:00 UTC+0.0644%/8h= +70.5% APRnext payment +$3.22 per $10,000 · paid last 24h +0.126%
Price spread now: Gate against Bybit−0.451%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$1671.669% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 7 days+0.434%+$43 · spread now −0.451%, 7d avg +0.095%
=Funding pays, the price is against you. Gate is 0.546% cheaper against Bybit than usual: you would sell low and buy high (spread −0.451% now, against its 7-day average of +0.095%). If the spread goes back, that is −$55 on $10k: about 2.8 days of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.351% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.351% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.22 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 | Bybit MUBARAKUSDT | 0.04458 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $3.4M | $10.8M | 25x |
| Short | Gate MUBARAK_USDT | 0.04438 | 0.0744 | get 0.0372% / 4h | 2h 53m | $7.0M | $5.3M | 50x |
Bybit MUBARAKUSDT
Gate MUBARAK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $135.24
- Price spread: −0.451% → +0.095%
- −$54.62
- Slippage, 4 orders
- −$140.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$86.33
- Costs to cover
- 1.669%
- Break-even
- 11.5 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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 Bybit live order book, 5 min ago | 4.40 bp | 53.2 bp −$53 | 166.9 bp −$1,669 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.64 bp | 35.9 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
MUBARAK 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MUBARAKUSD | −0.0456% | 1h | 0.04408 | −1.114% | $62K | $427K | 10x | as long as short |
| Binance MUBARAKUSDT | +0.0100% | 4h | 0.04457 | −0.035% | $16.2M | $88.3M | 25x | as long as short |
| Bybit MUBARAKUSDTlong | +0.0100% | 4h | 0.04458 | long leg | $3.4M | $10.8M | 25x | |
| OKX MUBARAK-USDT-SWAP | +0.0100% | 4h | 0.04458 | +0.009% | $2.6M | $54.8M | 20x | as long as short |
| MEXC MUBARAK_USDT | +0.0100% | 4h | 0.04445 | −0.294% | $866K | $1.5M | 50x | as long as short |
| Bitget MUBARAKUSDT | +0.0100% | 4h | 0.04448 | −0.227% | $2.8M | $7.2M | 25x | as long as short |
| BingX MUBARAK-USDT | +0.0100% | 4h | 0.04453 | −0.114% | — | $3.1M | — | as long as short |
| Variational Omni MUBARAK | +0.0100% | 4h | 0.04422 | −0.816% | $13K | $51K | — | as long as short |
| Aster MUBARAKUSDT | +0.0201% | 4h | 0.04443 | −0.340% | $22K | $398K | 5x | as long as short |
| KuCoin MUBARAKUSDTM | +0.0726% | 4h | 0.04431 | −0.608% | $1.6M | $1.1M | 30x | as long as short |
Kraken Futures PF_MUBARAKUSD
Binance MUBARAKUSDT
OKX MUBARAK-USDT-SWAP
MEXC MUBARAK_USDT
Bitget MUBARAKUSDT
BingX MUBARAK-USDT
Variational Omni MUBARAK
Aster MUBARAKUSDT
KuCoin MUBARAKUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MUBARAK_USDTshort | +0.0744% | 4h | 0.04438 | −0.451% | $7.0M | $5.3M | 50x |