Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.044%
Price spread now: Gate against Bybit−0.118%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$655as in the Funding arb table
Net, price: spread back to 7d avg − costs−$654as in the Price arb table
costs, in and out, $10k−$6536.529% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.118%, 7d avg −0.110%
=The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% 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 OPENUSDT | 0.1444 | 0.0426 | pay 0.0213% / 4h | 2h 32m | $1.5M | $741K | 25x |
| Short | Gate OPEN_USDT | 0.1442 | 0.0100 | get 0.0100% / 8h | 2h 32m | $823K | $201K | 75x |
Bybit OPENUSDT
Gate OPEN_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
- −$68.56
- Price spread: −0.118% → −0.110%
- −$0.79
- Slippage, 4 orders
- −$626.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$722.28
- Costs to cover
- 6.529%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; Gate: live order book, 14 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, 9 min ago | 3.47 bp | 242.9 bp −$243 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 14 min ago | 6.93 bp | 96.6 bp −$97 | 850.6 bp −$8,506 | doesn't fit | doesn't fit |
OPEN on 9 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 OPENUSDT | +0.0100% | 4h | 0.1443 | −0.073% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1442 | −0.118% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDTshort | +0.0100% | 8h | 0.1442 | −0.118% | $823K | $201K | 75x | |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1441 | −0.194% | $2.4M | $55K | 30x | as long as short |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1445 | +0.090% | $2.2M | $161K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1442 | −0.123% | $2K | $190K | 5x | as long as short |
| BloFin OPEN-USDT | +0.0122% | 4h | 0.1440 | −0.256% | $672K | $12K | 75x | as long as short |
| Bybit OPENUSDTlong | +0.0426% | 4h | 0.1444 | long leg | $1.5M | $741K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0960% | 1h | 0.1444 | 0.000% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
KuCoin OPENUSDTM
Bitget OPENUSDT
Extended OPEN-USD
BloFin OPEN-USDT
Kraken Futures PF_OPENUSD