Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against Gate+0.225%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,062as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,977as in the Price arb table
costs, in and out, $10k−$2,98529.855% of the position
Funding, last 7 days−0.767%−$77 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.225%, 7d avg +0.141%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.084% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.141%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCN_USDT | 0.004397 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $348K | $93K | 10x |
| Short | Bybit XCNUSDT | 0.004407 | 0.0100 | get 0.0050% / 4h | 3h 33m | $1.0M | $1.5M | 5x |
Gate XCN_USDT
Bybit XCNUSDTFunding 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: +0.225% → +0.141%
- $8.39
- Slippage, 4 orders
- −$2,959.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,977.09
- Costs to cover
- 29.855%
- Break-even
- never at this rate
Slippage from Gate: live order book, 17 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, 17 min ago | 12.55 bp | 723.3 bp −$723 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.39 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
XCN on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XCNUSD | +0.0091% | 1h | 0.004412 | +0.350% | $2K | $2K | 10x | as long as short |
| Aster XCNUSDT | +0.0100% | 1h | 0.004412 | +0.346% | $9K | $3K | 3x | as long as short |
| Bybit XCNUSDTshort | +0.0100% | 4h | 0.004407 | +0.225% | $1.0M | $1.5M | 5x | |
| Gate XCN_USDTlong | +0.0100% | 4h | 0.004397 | long leg | $348K | $93K | 10x | |
| MEXC XCN_USDT | +0.0100% | 4h | 0.004409 | +0.273% | $2.3M | $163K | 20x | as long as short |
| BingX XCN-USDT | +0.0100% | 4h | 0.004406 | +0.205% | — | $1.6M | — | as long as short |
| Variational Omni XCN | +0.0100% | 4h | 0.004420 | +0.517% | $10K | $511 | — | as long as short |
Kraken Futures PF_XCNUSD
Aster XCNUSDT
MEXC XCN_USDT
BingX XCN-USDT
Variational Omni XCN