Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.96 per $10,000 · paid last 24h +0.054%
Price spread now: Gate against Bybit+0.030%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$780.775% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.030%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.035% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 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 USD1USDT | 0.9991 | −0.0092 | get 0.0046% / 4h | 1h 51m | $573K | $30K | 50x |
| Short | Gate USD1_USDT | 0.9994 | 0.0100 | get 0.0050% / 4h | 1h 51m | $105K | $6K | 50x |
Bybit USD1USDT
Gate USD1_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
- $40.3
- Price spread: +0.030% → −0.005%
- $3.5
- Slippage, 4 orders
- −$51.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$33.74
- Costs to cover
- 0.775%
- Break-even
- 12.9 days
Slippage from Bybit: live order book, 24 min ago; Gate: live order book, 24 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, 24 min ago | 0.50 bp | 6.1 bp −$6 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Gate live order book, 24 min ago | 9.52 bp | 46.8 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
USD1 on 3 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 USD1USDT | −0.0132% | 8h | 0.9997 | +0.059% | $22K | $5K | 20x | as long as short |
| Bybit USD1USDTlong | −0.0092% | 4h | 0.9991 | long leg | $573K | $30K | 50x | |
| Gate USD1_USDTshort | +0.0100% | 4h | 0.9994 | +0.030% | $105K | $6K | 50x |
Aster USD1USDT