T

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h +0.261%

Price spread now: Bybit against Gate+0.058%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2872.870% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.719%+$72 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.058%, 7d avg +0.019%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.040% dearer against Gate than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. Mind the row above: over the last 7 days funding on this pair paid +0.719%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate T_USDT	0.005168	−0.0942	get 0.0471% / 4h	1h 41m	$214K	$119K	20x
Short	Bybit TUSDT	0.005171	−0.1009	pay 0.0504% / 4h	1h 41m	$1.6M	$2.2M	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$14.04
Price spread: +0.058% → +0.019%: $3.95
Slippage, 4 orders: −$261.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$297.1
Costs to cover: 2.870%
Break-even: never at this rate

Slippage from Gate: live order book, 34 min ago; Bybit: live order book, 5 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, 34 min ago	5.80 bp	93.8 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.94 bp	36.8 bp −$37	231.9 bp −$2,319	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	−0.4834%	1h	0.005167	−0.010%	$2K	$2K	10x	as long as short
Bybit TUSDTshort	−0.1009%	4h	0.005171	+0.058%	$1.6M	$2.2M	25x
Gate T_USDTlong	−0.0942%	4h	0.005168	long leg	$214K	$119K	20x
Variational Omni T	−0.0865%	4h	0.005163	−0.097%	$7K	$13K	—	as long as short
KuCoin TUSDTM	−0.0864%	4h	0.005172	+0.077%	$1.3M	$109K	12x	as long as short
Bitget TUSDT	−0.0648%	4h	0.005160	−0.155%	$887K	$769K	50x	as long as short
Binance TUSDT	−0.0530%	4h	0.005170	+0.039%	$3.2M	$10.1M	50x	as long as short
MEXC T_USDT	−0.0528%	4h	0.005177	+0.174%	$3.1M	$263K	20x	as long as short