Funding you earn now, next payment 04:00 UTC−0.1213%/8h= −132.8% APRnext payment −$6.06 per $10,000 · paid last 24h −0.242%
Price spread now: Gate against Bybit−0.300%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Gate is 0.300% cheaper against Bybit than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.279% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.06 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 THEUSDT | 0.08335 | 0.1313 | pay 0.0656% / 4h | 1h 17m | $563K | $434K | 20x |
| Short | Gate THE_USDT | 0.08310 | 0.0100 | get 0.0050% / 4h | 1h 17m | $67K | $77K | 10x |
Bybit THEUSDT
Gate THE_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
- −$254.64
- Price spread: −0.300% → 0.000%
- −$29.99
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$310.63
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 37 min ago; Gate: no order-book sample. Net counts fees only.
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, 37 min ago | 3.66 bp | 165.8 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDTshort | +0.0100% | 4h | 0.08310 | −0.300% | $67K | $77K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08325 | −0.120% | $439K | $365K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0176% | 4h | 0.08305 | −0.360% | $121K | $105K | 10x | as long as short |
| Aster THEUSDT | +0.0572% | 4h | 0.08311 | −0.287% | $4K | $11K | 5x | as long as short |
| MEXC THE_USDT | +0.0584% | 4h | 0.08328 | −0.084% | $193K | $143K | 50x | as long as short |
| Binance THEUSDT | +0.0608% | 4h | 0.08329 | −0.077% | $2.2M | $4.6M | 10x | as long as short |
| BloFin THE-USDT | +0.0613% | 4h | 0.08304 | −0.372% | $144K | $5K | 50x | as long as short |
| BingX THE-USDT | +0.1158% | 4h | 0.08342 | +0.084% | — | $6.5M | — | as long as short |
| Bybit THEUSDTlong | +0.1313% | 4h | 0.08335 | long leg | $563K | $434K | 20x |
Bitget THEUSDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
Binance THEUSDT
BloFin THE-USDT
BingX THE-USDT