Funding you earn now, next payment 08:00 UTC−0.0364%/8h= −39.9% APRnext payment −$1.82 per $10,000 · paid last 24h −0.136%
Price spread now: Gate against Bybit+0.019%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$408as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2682.681% of the position
Funding, last 7 days−1.397%−$140 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.019%, 7d avg −0.013%
=The price spread pays, funding is against you. Gate is 0.032% dearer against Bybit than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005210 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $1.6M | $1.5M | 25x |
| Short | Gate T_USDT | 0.005211 | −0.0264 | pay 0.0132% / 4h | 2h 43m | $213K | $84K | 20x |
Bybit TUSDT
Gate T_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
- −$76.44
- Price spread: +0.019% → −0.013%
- $3.23
- Slippage, 4 orders
- −$242.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$341.32
- Costs to cover
- 2.681%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 63 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, 2 min ago | 1.93 bp | 34.4 bp −$34 | 328.2 bp −$3,282 | doesn't fit | doesn't fit |
| Sell Gate live order book, 63 min ago | 6.74 bp | 103.3 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.1709% | 1h | 0.005223 | +0.257% | $4K | $4K | 10x | as long as short |
| Gate T_USDTshort | −0.0264% | 4h | 0.005211 | +0.019% | $213K | $84K | 20x | |
| Bitget TUSDT | −0.0020% | 4h | 0.005207 | −0.058% | $891K | $534K | 50x | as long as short |
| MEXC T_USDT | +0.0060% | 4h | 0.005212 | +0.038% | $3.1M | $225K | 20x | as long as short |
| Binance TUSDT | +0.0060% | 4h | 0.005210 | +0.009% | $3.2M | $7.0M | 50x | as long as short |
| Bybit TUSDTlong | +0.0100% | 4h | 0.005210 | long leg | $1.6M | $1.5M | 25x | |
| KuCoin TUSDTM | +0.0100% | 4h | 0.005216 | +0.115% | $1.3M | $84K | 12x | as long as short |
| Variational Omni T | +0.0100% | 4h | 0.005187 | −0.440% | $7K | $6K | — | as long as short |
Kraken Futures PF_TUSD
Bitget TUSDT
MEXC T_USDT
Binance TUSDT
KuCoin TUSDTM
Variational Omni T