Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.155%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$481as in the Funding arb table
Net, price: spread back to 7d avg − costs−$487as in the Price arb table
costs, in and out, $10k−$4734.730% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.155%, 7d avg −0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.137% 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 −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BAC_USDT | 58.180 | 0 | get 0.0000% / 8h | 3h 11m | $257K | $11K | 20x |
| Short | Bybit BACUSDT | 58.090 | 0 | get 0.0000% / 8h | 3h 11m | $176K | $240K | 25x |
Gate BAC_USDT
Bybit BACUSDTFunding 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: −0.155% → −0.017%
- −$13.75
- Slippage, 4 orders
- −$447.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$486.78
- Costs to cover
- 4.730%
- Break-even
- never at this rate
Slippage from Gate: live order book, 35 min ago; Bybit: live order book, 23 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, 35 min ago | 52.37 bp | 138.4 bp −$138 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 23 min ago | 4.30 bp | 95.5 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
BAC on 4 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 BAC/USDC PERP | −0.0220% | 1h | 52.120 | −10.416% | $4K | $24K | 12x | as long as short |
| Bybit BACUSDTshort | 0.0000% | 8h | 58.090 | −0.155% | $176K | $240K | 25x | |
| Gate BAC_USDTlong | 0.0000% | 8h | 58.180 | long leg | $257K | $11K | 20x | |
| Bitget BACUSDT | 0.0000% | 8h | 58.090 | −0.155% | $357K | $94K | 20x | as long as short |
Injective BAC/USDC PERP
Bitget BACUSDT