Funding you earn now, next payment 04:00 UTC−0.0565%/8h= −61.9% APRpaid last 24h −0.016%
Price spread now: Bybit against Gate+0.253%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.253% dearer against Gate than usual: you sell high and buy low (spread +0.253% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.272% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.272% in total (about -14.2% 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 | Gate RPL_USDT | 1.9750 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $65K | $26K | 20x |
| Short | Bybit RPLUSDT | 1.9800 | −0.0465 | pay 0.0233% / 4h | 3h 46m | $391K | $234K | 20x |
Gate RPL_USDT
Bybit RPLUSDTFunding 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
- −$118.7
- Price spread: +0.253% → 0.000%
- $25.32
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.38
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; Bybit: live order book, 18 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 18 min ago | 10.08 bp | 146.4 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RPL 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 RPLUSDTshort | −0.0465% | 4h | 1.9800 | +0.253% | $391K | $234K | 20x | |
| Injective RPL/USDC PERP | +0.0033% | 1h | 1.9480 | −1.367% | $201 | $472 | 5.5x | as long as short |
| Aster RPLUSDT | +0.0100% | 4h | 1.9768 | +0.093% | $101K | $35K | 5x | as long as short |
| Binance RPLUSDT | +0.0100% | 4h | 1.9800 | +0.253% | $1.2M | $1.4M | 50x | as long as short |
| Gate RPL_USDTlong | +0.0100% | 8h | 1.9750 | long leg | $65K | $26K | 20x | |
| MEXC RPL_USDT | +0.0100% | 4h | 1.9790 | +0.203% | $332K | $170K | 20x | as long as short |
| Bitget RPLUSDT | +0.0100% | 4h | 1.9780 | +0.152% | $424K | $169K | 50x | as long as short |
| BingX RPL-USDT | +0.0100% | 4h | 1.9780 | +0.152% | — | $1.3M | — | as long as short |
| Variational Omni RPL | +0.0100% | 4h | 1.9797 | +0.238% | $15K | $2K | — | as long as short |
Injective RPL/USDC PERP
Aster RPLUSDT
Binance RPLUSDT
MEXC RPL_USDT
Bitget RPLUSDT
BingX RPL-USDT
Variational Omni RPL