Funding you earn now, next payment 00:00 UTC+0.3297%/8h= +361.1% APRnext payment +$16.49 per $10,000 · paid last 24h +0.539%
Price spread now: Bybit against Gate−0.316%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$677as in the Funding arb table
Net, price: spread back to 7d avg − costs−$768as in the Price arb table
costs, in and out, $10k−$7447.440% of the position
Funding, last 7 days+0.674%+$67 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.316%, 7d avg −0.080%
=Funding pays, the price is against you. Bybit is 0.236% cheaper against Gate than usual: you would sell low and buy high (spread −0.316% now, against its 7-day average of −0.080%). If the spread goes back, that is −$24 on $10k: about 6 hours of funding at the current rate (+$99 a day). At the pace of the last 7 days (+0.674% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.674% in total (about 35.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.49 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 SLX_USDT | 0.06650 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $313K | $632K | 25x |
| Short | Bybit SLXUSDT | 0.06629 | 0.3397 | get 0.1699% / 4h | 1h 00m | $960K | $348K | 20x |
Gate SLX_USDT
Bybit SLXUSDTFunding 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
- $692.47
- Price spread: −0.316% → −0.080%
- −$23.57
- Slippage, 4 orders
- −$717.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$75.07
- Costs to cover
- 7.440%
- Break-even
- 7.8 days
Slippage from Gate: live order book, 15 min ago; Bybit: live order book, 14 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, 15 min ago | 3.01 bp | 256.8 bp −$257 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 14 min ago | 3.78 bp | 98.1 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SLX_USDTlong | +0.0100% | 4h | 0.06650 | long leg | $313K | $632K | 25x | |
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06650 | 0.000% | $972K | $1.7M | 20x | as long as short |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06657 | +0.105% | $1.0M | $363K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06657 | +0.105% | $1K | $417K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0221% | 4h | 0.06657 | +0.105% | $1.8M | $1.8M | 20x | as long as short |
| MEXC SLX_USDT | +0.0434% | 4h | 0.06640 | −0.150% | $2.0M | $208K | 20x | as long as short |
| Binance SLXUSDT | +0.0435% | 4h | 0.06655 | +0.077% | $2.5M | $2.9M | 25x | as long as short |
| BloFin SLX-USDT | +0.0472% | 4h | 0.06657 | +0.105% | $167K | $3K | 25x | as long as short |
| Aster SLXUSDT | +0.0498% | 4h | 0.06637 | −0.195% | $15K | $26K | 10x | as long as short |
| BingX SLX-USDT | +0.3194% | 4h | 0.06646 | −0.060% | — | $1.7M | — | as long as short |
KuCoin SLXUSDTM
Bitget SLXUSDT
SunX SLX-USDT
OKX SLX-USDT-SWAP
MEXC SLX_USDT
Binance SLXUSDT
BloFin SLX-USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.3397% | 4h | 0.06629 | −0.316% | $960K | $348K | 20x |