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Funding arb · Price arb /

PTB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.2496%/8h= +273.3% APRnext payment +$12.48 per $10,000 · paid last 24h +0.309%
Price spread now: Gate against Bybit−0.048%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$398as in the Funding arb table
Net, price: spread back to 7d avg − costs−$472as in the Price arb table
costs, in and out, $10k−$4624.618% of the position
Long on BybitShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.641%+$64 on $10k
Price spread, last 7 days+0.066%+$7 · spread now −0.048%, 7d avg +0.051%
Together, before fees+0.707%+$71 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.100% cheaper against Bybit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.051%). If the spread goes back, that is −$10 on $10k: about 3 hours of funding at the current rate (+$75 a day). At the pace of the last 7 days (+0.641% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.641% in total (about 33.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PTBUSDT0.0010340.0100pay 0.0050% / 4h2h 40m$1.5M$17.7M25x
ShortGate PTB_USDT0.0010330.2596get 0.1298% / 4h2h 40m$1.8M$3.7M25x

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

Funding earned
$524.16
Price spread: −0.048% → +0.051%
−$9.96
Slippage, 4 orders
−$435.81
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$52.4
Costs to cover
4.618%
Break-even
6.3 days
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago4.31 bp153.1 bp −$153doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago9.12 bp96.6 bp −$97doesn't fitdoesn't fitdoesn't fit

PTB on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PTBUSDTlong+0.0100%4h0.001034long leg$1.5M$17.7M25x
Variational Omni PTB+0.0100%4h0.001037+0.299%$30K$62K—as long as short
BingX PTB-USDT+0.0706%4h0.001034−0.029%—$2.0M—as long as short
Extended kPTB-USD+0.0776%1h0.001035+0.126%$4K$42K5xas long as short
MEXC PTB_USDT+0.0778%4h0.001034+0.039%$330K$621K20xas long as short
Binance PTBUSDT+0.0778%4h0.001034−0.004%$7.3M$106.1M20xas long as short
BloFin PTB-USDT+0.0827%4h0.001036+0.184%$423K$434K20xas long as short
KuCoin PTBUSDTM+0.1000%4h0.001034−0.010%$1.6M$6.6M20xas long as short
Aster PTBUSDT+0.1101%4h0.001037+0.329%$79K$791K5xas long as short
Gate PTB_USDTshort+0.2596%4h0.001033−0.048%$1.8M$3.7M25x