Funding you earn now, next payment 00:00 UTC+0.0334%/8h= +36.6% APRnext payment +$1.67 per $10,000 · paid last 24h +0.006%
Price spread now: Gate against Bybit+0.226%7-day average +0.273% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,219as in the Price arb table
costs, in and out, $10k−$1,21512.147% of the position
Funding, last 7 days+0.135%+$13 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now +0.226%, 7d avg +0.273%
=Funding pays, the price is against you. Gate is 0.047% cheaper against Bybit than usual: you would sell low and buy high (spread +0.226% now, against its 7-day average of +0.273%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.135% 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 0.135% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.67 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 | Bybit STBLUSDT | 0.02652 | 0.0100 | pay 0.0050% / 4h | 11m 17s | $1.5M | $664K | 20x |
| Short | Gate STBL_USDT | 0.02658 | 0.0434 | get 0.0217% / 4h | 11m 17s | $1.2M | $116K | 50x |
Bybit STBLUSDT
Gate STBL_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $70.14
- Price spread: +0.226% → +0.273%
- −$4.7
- Slippage, 4 orders
- −$1,188.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,149.21
- Costs to cover
- 12.147%
- Break-even
- 121.7 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 1 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 Bybit live order book, 5 min ago | 7.54 bp | 190.3 bp −$190 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 13.15 bp | 569.3 bp −$569 | doesn't fit | doesn't fit | doesn't fit |
STBL on 12 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 STBL | +0.0096% | 1h | 0.02643 | −0.339% | $79K | $2K | 3x | as long as short |
| Hyperliquid STBL | +0.0100% | 1h | 0.02646 | −0.238% | $1.9M | $280K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02645 | −0.265% | $89K | $6K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02653 | +0.020% | $1.9M | $2.2M | 50x | as long as short |
| Bybit STBLUSDTlong | +0.0100% | 4h | 0.02652 | long leg | $1.5M | $664K | 20x | |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02652 | 0.000% | $372K | $149K | 100x | as long as short |
| BingX STBL-USDT | +0.0100% | 4h | 0.02652 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02652 | +0.004% | $969 | $282 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02647 | −0.189% | $2K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0150% | 4h | 0.02653 | +0.038% | $127K | $21K | 50x | as long as short |
Lighter STBL
Hyperliquid STBL
Aster STBLUSDT
Binance STBLUSDT
MEXC STBL_USDT
BingX STBL-USDT
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STBLUSDTM | +0.0430% | 4h | 0.02653 | +0.038% | $1.1M | $233K | 20x | as long as short |
| Gate STBL_USDTshort | +0.0434% | 4h | 0.02658 | +0.226% | $1.2M | $116K | 50x |
KuCoin STBLUSDTM