Funding you earn now, next payment 04:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h 0.000%
Price spread now: Bybit against Gate−0.122%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,198as in the Price arb table
costs, in and out, $10k−$1,20312.034% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now −0.122%, 7d avg −0.181%
=The price spread pays, funding is against you. Bybit is 0.059% dearer against Gate than usual: you sell high and buy low (spread −0.122% now, against its 7-day average of −0.181%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.029% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate WET_USDT | 0.06553 | 0.0260 | pay 0.0260% / 8h | 7h 42m | $985K | $20K | 50x |
| Short | Bybit WETUSDT | 0.06545 | 0.0100 | get 0.0050% / 4h | 3h 42m | $1.4M | $177K | 50x |
Gate WET_USDT
Bybit WETUSDTFunding 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
- −$33.6
- Price spread: −0.122% → −0.181%
- $5.85
- Slippage, 4 orders
- −$1,177.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,231.12
- Costs to cover
- 12.034%
- Break-even
- never at this rate
Slippage from Gate: live order book, 29 min ago; Bybit: live order book, 3 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, 29 min ago | 2.31 bp | 321.4 bp −$321 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.35 bp | 110.6 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
WET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin WET-USDT | +0.0047% | 4h | 0.06541 | −0.183% | $69K | $6K | 50x | as long as short |
| Binance WETUSDT | +0.0100% | 4h | 0.06559 | +0.098% | $1.1M | $845K | 50x | as long as short |
| Bybit WETUSDTshort | +0.0100% | 4h | 0.06545 | −0.122% | $1.4M | $177K | 50x | |
| OKX WET-USDT-SWAP | +0.0100% | 4h | 0.06544 | −0.137% | $670K | $147K | 20x | as long as short |
| MEXC WET_USDT | +0.0100% | 4h | 0.06559 | +0.092% | $167K | $82K | 50x | as long as short |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.06538 | −0.229% | $686K | $675K | 50x | as long as short |
| Bitget WETUSDT | +0.0100% | 4h | 0.06553 | 0.000% | $572K | $21K | 25x | as long as short |
| BingX WET-USDT | +0.0100% | 4h | 0.06543 | −0.153% | — | $6.5M | — | as long as short |
| Gate WET_USDTlong | +0.0260% | 8h | 0.06553 | long leg | $985K | $20K | 50x | |
| Aster WETUSDT | +0.0890% | 4h | 0.06555 | +0.033% | $13K | $29K | 5x | as long as short |
BloFin WET-USDT
Binance WETUSDT
OKX WET-USDT-SWAP
MEXC WET_USDT
KuCoin WETUSDTM
Bitget WETUSDT
BingX WET-USDT
Aster WETUSDT