Funding you earn now, next payment 12:00 UTC+0.1096%/8h= +120.0% APRpaid last 24h +0.042%
Price spread now: Bybit against Gate+0.385%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Bybit is 0.385% dearer against Gate than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% 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 | Gate OG_USDT | 2.8050 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $98K | $30K | 25x |
| Short | Bybit OGUSDT | 2.8158 | 0.1196 | get 0.1196% / 8h | 7h 23m | $534K | $158K | 13x |
Gate OG_USDT
Bybit OGUSDTFunding 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
- $230.09
- Price spread: +0.385% → 0.000%
- $38.5
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $242.59
- Costs to cover
- 0.260%
- Break-even
- from the start
Slippage unknown: Gate: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 5.34 bp | 103.7 bp −$104 | 341.5 bp −$3,415 | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 2.8095 | +0.160% | $1.9M | $1.2M | 25x | as long as short |
| Gate OG_USDTlong | +0.0100% | 4h | 2.8050 | long leg | $98K | $30K | 25x | |
| MEXC OG_USDT | +0.0100% | 4h | 2.8090 | +0.143% | $731K | $223K | 50x | as long as short |
| KuCoin OGUSDTM | +0.0100% | 4h | 2.8065 | +0.053% | $165K | $60K | 25x | as long as short |
| Bitget OGUSDT | +0.0100% | 4h | 2.8105 | +0.196% | $239K | $158K | 20x | as long as short |
| Variational Omni OG | +0.0100% | 8h | 2.8080 | +0.105% | $1K | $461 | — | as long as short |
| BingX OG-USDT | +0.1106% | 4h | 2.8120 | +0.250% | — | $6.5M | — | as long as short |
| Bybit OGUSDTshort | +0.1196% | 8h | 2.8158 | +0.385% | $534K | $158K | 13x |
Binance OGUSDT
MEXC OG_USDT
KuCoin OGUSDTM
Bitget OGUSDT
Variational Omni OG
BingX OG-USDT