O

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0298%/8h= −32.6% APRnext payment −$1.49 per $10,000 · paid last 24h −0.078%

Price spread now: Gate against Bybit+0.018%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,086as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,065as in the Price arb table

costs, in and out, $10k−$1,07210.717% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.512%−$51 · spread now +0.018%, 7d avg −0.051%

Together, before fees−0.659%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.069% dearer against Bybit than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.051%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.147% in total) that is about 3.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.147% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.49 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 OUSDT	0.5613	0.0398	pay 0.0199% / 4h	5m 07s	$717K	$937K	20x
Short	Gate O_USDT	0.5614	0.0100	get 0.0050% / 4h	5m 07s	$1.5M	$542K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$62.52
Price spread: +0.018% → −0.051%: $6.88
Slippage, 4 orders: −$1,045.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,127.28
Costs to cover: 10.717%
Break-even: never at this rate

Slippage from Bybit: live order book, 50 min ago; Gate: 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 Bybit live order book, 50 min ago	8.07 bp	332.8 bp −$333	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	10.69 bp	255.4 bp −$255	doesn't fit	doesn't fit	doesn't fit

O 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
Aster OUSDT	+0.0100%	4h	0.5609	−0.079%	$20K	$50K	3x	as long as short
Gate O_USDTshort	+0.0100%	4h	0.5614	+0.018%	$1.5M	$542K	20x
Bitget OUSDT	+0.0100%	4h	0.5620	+0.125%	$1.6M	$327K	10x	as long as short
Variational Omni O	+0.0100%	4h	0.5608	−0.098%	$3K	$518	—	as long as short
Binance OUSDT	+0.0177%	4h	0.5616	+0.061%	$4.8M	$2.0M	10x	as long as short
KuCoin OUSDTM	+0.0348%	4h	0.5617	+0.071%	$1.3M	$675K	20x	as long as short
Bybit OUSDTlong	+0.0398%	4h	0.5613	long leg	$717K	$937K	20x
BloFin O-USDT	+0.0452%	4h	0.5611	−0.036%	$240K	$6K	20x	as long as short
BingX O-USDT	+0.0476%	4h	0.5616	+0.053%	—	$1.6M	—	as long as short
OKX O-USDT-SWAP	+0.0478%	4h	0.5618	+0.089%	$1.5M	$1.1M	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC O_USDT	+0.0484%	4h	0.5619	+0.107%	$970K	$178K	50x	as long as short