Funding you earn now, next payment 04:00 UTC−0.0950%/8h= −104.0% APRnext payment −$4.75 per $10,000 · paid last 24h −0.126%
Price spread now: Bybit against Gate+0.469%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1791.787% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 7 days−0.452%−$45 · spread now +0.469%, 7d avg −0.095%
=The price spread pays, funding is against you. Bybit is 0.565% dearer against Gate than usual: you sell high and buy low (spread +0.469% now, against its 7-day average of −0.095%): +$56 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 48 hours. 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 −$4.75 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 MUBARAK_USDT | 0.04409 | 0.1050 | pay 0.0525% / 4h | 3h 43m | $7.0M | $5.4M | 50x |
| Short | Bybit MUBARAKUSDT | 0.04430 | 0.0100 | get 0.0050% / 4h | 3h 43m | $3.4M | $10.7M | 25x |
Gate MUBARAK_USDT
Bybit MUBARAKUSDTFunding 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
- −$199.5
- Price spread: +0.469% → −0.095%
- $56.48
- Slippage, 4 orders
- −$152.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$321.76
- Costs to cover
- 1.787%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bybit: 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 Gate live order book, 5 min ago | 7.97 bp | 29.9 bp −$30 | 529.5 bp −$5,295 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.55 bp | 45.5 bp −$45 | 190.0 bp −$1,900 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MUBARAKUSDT | +0.0100% | 4h | 0.04431 | +0.493% | $16.1M | $87.1M | 25x | as long as short |
| Bybit MUBARAKUSDTshort | +0.0100% | 4h | 0.04430 | +0.469% | $3.4M | $10.7M | 25x | |
| OKX MUBARAK-USDT-SWAP | +0.0100% | 4h | 0.04430 | +0.465% | $2.6M | $54.0M | 20x | as long as short |
| MEXC MUBARAK_USDT | +0.0100% | 4h | 0.04410 | +0.023% | $870K | $1.5M | 50x | as long as short |
| Bitget MUBARAKUSDT | +0.0100% | 4h | 0.04425 | +0.363% | $2.8M | $7.2M | 25x | as long as short |
| Variational Omni MUBARAK | +0.0100% | 4h | 0.04413 | +0.081% | $13K | $51K | — | as long as short |
| BingX MUBARAK-USDT | +0.0102% | 4h | 0.04417 | +0.181% | — | $3.1M | — | as long as short |
| Aster MUBARAKUSDT | +0.0205% | 4h | 0.04415 | +0.136% | $18K | $396K | 5x | as long as short |
| Gate MUBARAK_USDTlong | +0.1050% | 4h | 0.04409 | long leg | $7.0M | $5.4M | 50x | |
| KuCoin MUBARAKUSDTM | +0.1260% | 4h | 0.04412 | +0.068% | $1.6M | $1.0M | 30x | as long as short |
Binance MUBARAKUSDT
OKX MUBARAK-USDT-SWAP
MEXC MUBARAK_USDT
Bitget MUBARAKUSDT
Variational Omni MUBARAK
BingX MUBARAK-USDT
Aster MUBARAKUSDT
KuCoin MUBARAKUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MUBARAKUSD | +0.1800% | 1h | 0.04404 | −0.106% | $66K | $417K | 10x | as long as short |
Kraken Futures PF_MUBARAKUSD