Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.79 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against Bybit−0.080%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.080%, 7d avg −0.057%
=Funding pays, the price is against you. Gate is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.057%). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0000 | 0 | get 0.0000% / 8h | 2h 32m | $9.5M | $280K | 50x |
| Short | Gate USDC_USDT | 0.9992 | 0.0079 | get 0.0079% / 8h | 2h 32m | $253K | $39K | 50x |
Bybit USDCUSDT
Gate USDC_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
- $16.59
- Price spread: −0.080% → −0.057%
- −$2.31
- Slippage, 4 orders
- −$13.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$25.46
- Costs to cover
- 0.397%
- Break-even
- 17.7 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 10 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, 1 min ago | 0.50 bp | 6.0 bp −$6 | 8.1 bp −$81 | 449.6 bp −$45.0K | doesn't fit |
| Sell Gate live order book, 10 min ago | 3.50 bp | 14.9 bp −$15 | 220.6 bp −$2,206 | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0153% | 8h | 0.9991 | −0.094% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0125% | 8h | 0.9996 | −0.043% | $4.8M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0125% | 8h | 0.9996 | −0.043% | $20.8M | $750K | 200x | as long as short |
| Bitget USDCUSDT | −0.0107% | 8h | 0.9995 | −0.050% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0068% | 1h | 0.9998 | −0.025% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0000 | long leg | $9.5M | $280K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | −0.001% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0079% | 8h | 0.9992 | −0.080% | $253K | $39K | 50x |
KuCoin USDCUSDTM
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAP