Funding you earn now, next payment 04:00 UTC−0.0742%/8h= −81.3% APRnext payment −$3.71 per $10,000 · paid last 24h +0.063%
Price spread now: Gate against Bybit−0.095%7-day average −0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3413.409% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.095%, 7d avg −0.219%
=The price spread pays, funding is against you. Gate is 0.124% dearer against Bybit than usual: you sell high and buy low (spread −0.095% now, against its 7-day average of −0.219%): +$12 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.71 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 STOUSDT | 0.04190 | 0.0856 | pay 0.0428% / 4h | 2h 07m | $722K | $270K | 13x |
| Short | Gate STO_USDT | 0.04186 | 0.0114 | get 0.0057% / 4h | 2h 07m | $252K | $117K | 25x |
Bybit STOUSDT
Gate STO_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
- −$155.85
- Price spread: −0.095% → −0.219%
- $12.4
- Slippage, 4 orders
- −$314.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$484.39
- Costs to cover
- 3.409%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 58 min ago; Gate: live order book, 55 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, 58 min ago | 4.75 bp | 44.5 bp −$44 | 232.1 bp −$2,321 | doesn't fit | doesn't fit |
| Sell Gate live order book, 55 min ago | 5.98 bp | 202.3 bp −$202 | doesn't fit | doesn't fit | doesn't fit |
STO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04180 | −0.241% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04182 | −0.191% | $3.4M | $1.4M | 20x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04182 | −0.191% | $788K | $105K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04188 | −0.048% | $322K | $28K | 10x | as long as short |
| Gate STO_USDTshort | +0.0114% | 4h | 0.04186 | −0.095% | $252K | $117K | 25x | |
| Variational Omni STO | +0.0614% | 4h | 0.04194 | +0.102% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0832% | 4h | 0.04197 | +0.167% | $997K | $20K | 25x | as long as short |
| BingX STO-USDT | +0.0834% | 4h | 0.04181 | −0.215% | — | $6.5M | — | as long as short |
| Bybit STOUSDTlong | +0.0856% | 4h | 0.04190 | long leg | $722K | $270K | 13x |
Aster STOUSDT
Binance STOUSDT
MEXC STO_USDT
Bitget STOUSDT
Variational Omni STO
KuCoin STOUSDTM
BingX STO-USDT