Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against Gate0.000%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$582as in the Funding arb table
Net, price: spread back to 7d avg − costs−$559as in the Price arb table
costs, in and out, $10k−$5625.618% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now 0.000%, 7d avg −0.024%
=The price spread pays, funding is against you. Bybit is 0.024% dearer against Gate than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.024%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.207% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 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 PROMPT_USDT | 0.02251 | 0.0450 | pay 0.0225% / 4h | 14m 33s | $572K | $92K | 20x |
| Short | Bybit PROMPTUSDT | 0.02251 | 0.0100 | get 0.0050% / 4h | 14m 33s | $339K | $234K | 5x |
Gate PROMPT_USDT
Bybit PROMPTUSDTFunding 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
- −$73.5
- Price spread: 0.000% → −0.024%
- $2.38
- Slippage, 4 orders
- −$535.81
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$632.93
- Costs to cover
- 5.618%
- Break-even
- never at this rate
Slippage from Gate: live order book, 21 min ago; Bybit: live order book, 15 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, 21 min ago | 17.86 bp | 154.5 bp −$154 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 15 min ago | 4.46 bp | 138.2 bp −$138 | doesn't fit | doesn't fit | doesn't fit |
PROMPT 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 PROMPTUSDT | +0.0100% | 4h | 0.02250 | −0.047% | $3K | $1K | 5x | as long as short |
| Binance PROMPTUSDT | +0.0100% | 4h | 0.02249 | −0.089% | $1.2M | $2.2M | 40x | as long as short |
| Bybit PROMPTUSDTshort | +0.0100% | 4h | 0.02251 | 0.000% | $339K | $234K | 5x | |
| MEXC PROMPT_USDT | +0.0100% | 4h | 0.02250 | −0.044% | $141K | $119K | 20x | as long as short |
| KuCoin PROMPTUSDTM | +0.0100% | 4h | 0.02246 | −0.222% | $138K | $87K | 30x | as long as short |
| BingX PROMPT-USDT | +0.0100% | 4h | 0.02250 | −0.044% | — | $6.5M | — | as long as short |
| Variational Omni PROMPT | +0.0100% | 4h | 0.02250 | −0.038% | $3K | $6K | — | as long as short |
| Gate PROMPT_USDTlong | +0.0450% | 4h | 0.02251 | long leg | $572K | $92K | 20x | |
| Kraken Futures PF_PROMPTUSD | +0.1508% | 1h | 0.02259 | +0.336% | $3K | $4K | 10x | as long as short |
Aster PROMPTUSDT
Binance PROMPTUSDT
MEXC PROMPT_USDT
KuCoin PROMPTUSDTM
BingX PROMPT-USDT
Variational Omni PROMPT
Kraken Futures PF_PROMPTUSD