Funding you earn now, next payment 04:00 UTC−0.0458%/8h= −50.2% APRnext payment −$2.29 per $10,000 · paid last 24h −0.310%
Price spread now: Bybit against Gate−0.295%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$533as in the Funding arb table
Net, price: spread back to 7d avg − costs−$499as in the Price arb table
costs, in and out, $10k−$4714.711% of the position
Funding, last 7 days−0.621%−$62 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.295%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.278% cheaper against Gate than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PTB_USDT | 0.001118 | 0.0558 | pay 0.0279% / 4h | 2h 33m | $1.9M | $7.4M | 25x |
| Short | Bybit PTBUSDT | 0.001114 | 0.0100 | get 0.0050% / 4h | 2h 33m | $1.7M | $28.2M | 25x |
Gate PTB_USDT
Bybit PTBUSDTFunding 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
- −$96.18
- Price spread: −0.295% → −0.017%
- −$27.84
- Slippage, 4 orders
- −$445.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$595.11
- Costs to cover
- 4.711%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 6.79 bp | 80.6 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.88 bp | 184.6 bp −$185 | 546.2 bp −$5,462 | doesn't fit | doesn't fit |
PTB 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDTshort | +0.0100% | 4h | 0.001114 | −0.295% | $1.7M | $28.2M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001108 | −0.888% | $32K | $92K | — | as long as short |
| Aster PTBUSDT | +0.0129% | 4h | 0.001115 | −0.233% | $93K | $1.1M | 5x | as long as short |
| BingX PTB-USDT | +0.0374% | 4h | 0.001120 | +0.224% | — | $2.5M | — | as long as short |
| MEXC PTB_USDT | +0.0382% | 4h | 0.001115 | −0.251% | $368K | $1.2M | 20x | as long as short |
| Extended kPTB-USD | +0.0384% | 1h | 0.001114 | −0.363% | $4K | $45K | 5x | as long as short |
| Binance PTBUSDT | +0.0389% | 4h | 0.001118 | −0.005% | $8.1M | $186.9M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.0492% | 4h | 0.001115 | −0.259% | $1.7M | $8.6M | 20x | as long as short |
| Gate PTB_USDTlong | +0.0558% | 4h | 0.001118 | long leg | $1.9M | $7.4M | 25x |
Variational Omni PTB
Aster PTBUSDT
BingX PTB-USDT
MEXC PTB_USDT
Extended kPTB-USD
Binance PTBUSDT
KuCoin PTBUSDTM