Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.094%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$586as in the Funding arb table
Net, price: spread back to 7d avg − costs−$598as in the Price arb table
costs, in and out, $10k−$5885.883% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.094%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.099% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01172 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $4.1M | $2.1M | 50x |
| Short | Gate W_USDT | 0.01171 | 0.0100 | get 0.0050% / 4h | 2h 40m | $443K | $301K | 75x |
Bybit WUSDT
Gate W_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
- $0
- Price spread: −0.094% → +0.006%
- −$9.95
- Slippage, 4 orders
- −$562.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$598.24
- Costs to cover
- 5.883%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 44 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, 2 min ago | 1.71 bp | 30.4 bp −$30 | 186.5 bp −$1,865 | doesn't fit | doesn't fit |
| Sell Gate live order book, 44 min ago | 8.09 bp | 323.2 bp −$323 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.1111% | 1h | 0.01174 | +0.094% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0002% | 4h | 0.01174 | +0.111% | $1.3M | $2.2M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.113% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01174 | +0.128% | $2.0M | $467K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01174 | +0.162% | $2.9M | $7.6M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01172 | long leg | $4.1M | $2.1M | 50x | |
| Gate W_USDTshort | +0.0100% | 4h | 0.01171 | −0.094% | $443K | $301K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01174 | +0.102% | $12.8M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01172 | −0.043% | $421K | $219K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01174 | +0.128% | $1.3M | $563K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01174 | +0.128% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01175 | +0.205% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01172 | −0.076% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | +0.043% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01174 | +0.155% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01179 | +0.520% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0619% | 1h | 0.01175 | +0.249% | $146K | $186K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD