Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Gate−0.074%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$414as in the Funding arb table
Net, price: spread back to 7d avg − costs−$441as in the Price arb table
costs, in and out, $10k−$4274.265% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.074%, 7d avg +0.067%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.141% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USUAL_USDT | 0.01350 | 0.0100 | pay 0.0100% / 8h | 1h 56m | $901K | $213K | 50x |
| Short | Bybit USUALUSDT | 0.01349 | 0.0100 | get 0.0050% / 4h | 1h 56m | $996K | $932K | 25x |
Gate USUAL_USDT
Bybit USUALUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.074% → +0.067%
- −$14.14
- Slippage, 4 orders
- −$400.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$440.65
- Costs to cover
- 4.265%
- Break-even
- never at this rate
Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 8 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, 25 min ago | 7.35 bp | 186.7 bp −$187 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 6.67 bp | 43.4 bp −$43 | 258.1 bp −$2,581 | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4025% | 1h | 0.01334 | −1.185% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0710% | 1h | 0.01349 | −0.066% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01350 | 0.000% | $385K | $233K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01350 | +0.021% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01349 | −0.074% | $996K | $932K | 25x | |
| Gate USUAL_USDTlong | +0.0100% | 8h | 0.01350 | long leg | $901K | $213K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01350 | −0.022% | $5.9M | $257K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01348 | −0.148% | $279K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01349 | −0.074% | $816K | $508K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01348 | −0.119% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01350 | −0.026% | $9K | $208 | — | as long as short |
Variational Omni USUAL