Funding you earn now, next payment 04:00 UTC+0.0697%/8h= +76.4% APRnext payment +$3.49 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against Gate+0.024%7-day average +0.223% · you sell dearer than you buy
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as 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)+0.278%+$28 · spread now +0.024%, 7d avg +0.223%
=Funding pays, the price is against you. Bybit is 0.199% cheaper against Gate than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.223%). If the spread goes back, that is −$20 on $10k: about 23 hours of funding at the current rate (+$21 a day).
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 +$3.49 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 STO_USDT | 0.04159 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $253K | $114K | 25x |
| Short | Bybit STOUSDT | 0.04160 | 0.0797 | get 0.0399% / 4h | 2h 55m | $721K | $261K | 13x |
Gate STO_USDT
Bybit STOUSDTFunding 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
- $146.46
- Price spread: +0.024% → +0.223%
- −$19.89
- Slippage, 4 orders
- −$314.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$214.37
- Costs to cover
- 3.409%
- Break-even
- 17.2 days
Slippage from Gate: live order book, 6 min ago; Bybit: live order book, 9 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, 6 min ago | 5.98 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 4.75 bp | 41.1 bp −$41 | 249.1 bp −$2,491 | 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 | 0.04162 | +0.060% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04158 | −0.024% | $3.4M | $1.4M | 20x | as long as short |
| Gate STO_USDTlong | +0.0100% | 4h | 0.04159 | long leg | $253K | $114K | 25x | |
| MEXC STO_USDT | +0.0100% | 4h | 0.04159 | 0.000% | $790K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04161 | +0.048% | $321K | $28K | 10x | as long as short |
| Variational Omni STO | +0.0391% | 4h | 0.04160 | +0.021% | $4K | $213 | — | as long as short |
| Bybit STOUSDTshort | +0.0797% | 4h | 0.04160 | +0.024% | $721K | $261K | 13x | |
| KuCoin STOUSDTM | +0.0896% | 4h | 0.04175 | +0.385% | $992K | $19K | 25x | as long as short |
| BingX STO-USDT | +0.0920% | 4h | 0.04158 | −0.024% | — | $6.5M | — | as long as short |
Aster STOUSDT
Binance STOUSDT
MEXC STO_USDT
Bitget STOUSDT
Variational Omni STO
KuCoin STOUSDTM
BingX STO-USDT