Funding you earn now, next payment 04:00 UTC+0.1510%/8h= +165.4% APRpaid last 24h +0.037%
Price spread now: Bybit against Gate−0.122%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$450as in the Funding arb table
Net, price: spread back to 7d avg − costs−$475as in the Price arb table
costs, in and out, $10k−$4574.570% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.122%, 7d avg +0.055%
=Funding pays, the price is against you. Bybit is 0.177% cheaper against Gate than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of +0.055%). If the spread goes back, that is −$18 on $10k: about 9 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.071% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% 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 STG_USDT | 0.1227 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $108K | $161K | 25x |
| Short | Bybit STGUSDT | 0.1226 | 0.1610 | get 0.1610% / 8h | 5h 18m | $1.1M | $2.4M | 25x |
Gate STG_USDT
Bybit STGUSDTFunding 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
- $317.13
- Price spread: −0.122% → +0.055%
- −$17.68
- Slippage, 4 orders
- −$431
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$157.55
- Costs to cover
- 4.570%
- Break-even
- 10.5 days
Slippage from Gate: live order book, 37 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, 37 min ago | 12.25 bp | 153.3 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.04 bp | 74.2 bp −$74 | 316.0 bp −$3,160 | doesn't fit | doesn't fit |
STG on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance STGUSDT | +0.0100% | 4h | 0.1224 | −0.215% | $2.7M | $5.8M | 20x | as long as short |
| Gate STG_USDTlong | +0.0100% | 4h | 0.1227 | long leg | $108K | $161K | 25x | |
| KuCoin STGUSDTM | +0.0100% | 4h | 0.1223 | −0.326% | $771K | $202K | 30x | as long as short |
| Bitget STGUSDT | +0.0100% | 4h | 0.1224 | −0.244% | $441K | $1.6M | 50x | as long as short |
| Aster STGUSDT | +0.0793% | 4h | 0.1226 | −0.112% | $15K | $50K | 5x | as long as short |
| Variational Omni STG | +0.0861% | 8h | 0.1229 | +0.149% | $27K | $81K | — | as long as short |
| BingX STG-USDT | +0.1456% | 4h | 0.1226 | −0.081% | — | $1.2M | — | as long as short |
| Bybit STGUSDTshort | +0.1610% | 8h | 0.1226 | −0.122% | $1.1M | $2.4M | 25x | |
| MEXC STG_USDT | +0.1622% | 8h | 0.1224 | −0.244% | $269K | $86K | 20x | as long as short |
| Kraken Futures PF_STGUSD | +0.3300% | 1h | 0.1226 | −0.048% | $9K | $10K | 10x | as long as short |
Binance STGUSDT
KuCoin STGUSDTM
Bitget STGUSDT
Aster STGUSDT
Variational Omni STG
BingX STG-USDT
MEXC STG_USDT
Kraken Futures PF_STGUSD