Funding you earn now, next payment 00:00 UTC+0.1462%/8h= +160.1% APRnext payment +$7.31 per $10,000 · paid last 24h +0.207%
Price spread now: Bybit against Gate−0.079%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,455as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,524as in the Price arb table
costs, in and out, $10k−$2,51725.166% of the position
Funding, last 7 days+0.613%+$61 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.079%, 7d avg −0.002%
=Funding pays, the price is against you. Bybit is 0.076% cheaper against Gate than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.002%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.613% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.613% in total (about 31.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.31 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 RIVER_USDT | 1.2730 | 0.0196 | pay 0.0098% / 4h | 2h 19m | $422K | $108K | 20x |
| Short | Bybit RIVERUSDT | 1.2720 | 0.1658 | get 0.0829% / 4h | 2h 19m | $3.8M | $1.7M | 25x |
Gate RIVER_USDT
Bybit RIVERUSDTFunding 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
- $307.05
- Price spread: −0.079% → −0.002%
- −$7.62
- Slippage, 4 orders
- −$2,490.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,217.2
- Costs to cover
- 25.166%
- Break-even
- 57.5 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago | 7.84 bp | 1814.4 bp −$1,814 | 30496.6 bp −$305.0K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.93 bp | 56.2 bp −$56 | 602.6 bp −$6,026 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2730 | 0.000% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2730 | 0.000% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2710 | −0.157% | $2.5M | $2.0M | 50x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2710 | −0.157% | $1K | $944K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2730 | 0.000% | $49K | $95K | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0186% | 4h | 1.2720 | −0.078% | $32K | $429K | 10x | as long as short |
| Gate RIVER_USDTlong | +0.0196% | 4h | 1.2730 | long leg | $422K | $108K | 20x | |
| Bitget RIVERUSDT | +0.0204% | 4h | 1.2720 | −0.079% | $3.0M | $1.9M | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0477% | 1h | 1.2750 | +0.160% | $56K | $58K | 10x | as long as short |
| BloFin RIVER-USDT | +0.0575% | 4h | 1.2730 | 0.000% | $420K | $36K | 50x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
GRVT RIVER_USDT_Perp
Bitget RIVERUSDT
Kraken Futures PF_RIVERUSD
BloFin RIVER-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RIVERUSDT | +0.0606% | 4h | 1.2726 | −0.028% | $73K | $31K | 10x | as long as short |
| MEXC RIVER_USDT | +0.0624% | 4h | 1.2730 | 0.000% | $3.5M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0631% | 4h | 1.2720 | −0.079% | $6.0M | $10.3M | 50x | as long as short |
| Variational Omni RIVER | +0.1179% | 4h | 1.2744 | +0.112% | $43K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1614% | 4h | 1.2730 | 0.000% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTshort | +0.1658% | 4h | 1.2720 | −0.079% | $3.8M | $1.7M | 25x |
Aster RIVERUSDT
MEXC RIVER_USDT
Binance RIVERUSDT
Variational Omni RIVER
BingX RIVER-USDT