Funding you earn now, next payment 08:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.011%
Price spread now: Gate against Bybit−0.248%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$323as in the Price arb table
costs, in and out, $10k−$2982.978% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.248% cheaper against Bybit than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment. 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 OGUSDT | 2.8210 | 0.0364 | pay 0.0364% / 8h | 1h 07m | $526K | $156K | 13x |
| Short | Gate OG_USDT | 2.8140 | 0.0100 | get 0.0050% / 4h | 1h 07m | $98K | $30K | 25x |
Bybit OGUSDT
Gate OG_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
- −$55.44
- Price spread: −0.248% → 0.000%
- −$24.81
- Slippage, 4 orders
- −$271.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$378.06
- Costs to cover
- 2.978%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 27 min ago; Gate: live order book, 84 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, 27 min ago | 8.88 bp | 120.6 bp −$121 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 84 min ago | 5.32 bp | 63.3 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
OG on 8 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 OGUSDT | +0.0100% | 4h | 2.8169 | −0.145% | $1.9M | $1.1M | 25x | as long as short |
| Gate OG_USDTshort | +0.0100% | 4h | 2.8140 | −0.248% | $98K | $30K | 25x | |
| MEXC OG_USDT | +0.0100% | 4h | 2.8180 | −0.106% | $729K | $232K | 50x | as long as short |
| KuCoin OGUSDTM | +0.0100% | 4h | 2.8212 | +0.007% | $166K | $60K | 25x | as long as short |
| Bitget OGUSDT | +0.0100% | 4h | 2.8189 | −0.074% | $243K | $156K | 20x | as long as short |
| Variational Omni OG | +0.0100% | 8h | 2.8210 | −0.001% | $1K | $462 | — | as long as short |
| Bybit OGUSDTlong | +0.0364% | 8h | 2.8210 | long leg | $526K | $156K | 13x | |
| BingX OG-USDT | +0.0380% | 4h | 2.8200 | −0.035% | — | $6.5M | — | as long as short |
Binance OGUSDT
MEXC OG_USDT
KuCoin OGUSDTM
Bitget OGUSDT
Variational Omni OG
BingX OG-USDT