BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0436%/8h= +47.7% APRnext payment +$4.36 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit+0.068%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$527as in the Funding arb table

Net, price: spread back to 7d avg − costs−$514as in the Price arb table

costs, in and out, $10k−$5075.065% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now +0.068%, 7d avg +0.139%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.070% cheaper against Bybit than usual: you would sell low and buy high (spread +0.068% now, against its 7-day average of +0.139%). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.202%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BOTUSDT	29.310	−0.0436	get 0.0436% / 8h	6m 48s	$529K	$325K	25x
Short	Gate BOT_USDT	29.330	0	get 0.0000% / 8h	6m 48s	$250K	$244K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now +0.068%Rate

Funding earned: $91.53
Price spread: +0.068% → +0.139%: −$7.05
Slippage, 4 orders: −$480.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$422.02
Costs to cover: 5.065%
Break-even: 39.3 days

Slippage from Bybit: live order book, 63 min ago; Gate: live order book, 65 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, 63 min ago	5.10 bp	103.2 bp −$103	231.7 bp −$2,317	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	35.67 bp	154.0 bp −$154	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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
Arcus BOT-USD	−0.1927%	1h	29.310	0.000%	$3K	$8K	5x	as long as short
KuCoin BOTUSDTM	−0.1602%	8h	29.320	+0.034%	$95K	$324K	20x	as long as short
Binance BOTUSDT	−0.1379%	8h	29.320	+0.034%	$453K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1206%	8h	29.301	−0.031%	$31K	$19K	—	as long as short
tradeXYZ xyz:BOT	−0.0900%	1h	29.294	−0.055%	$3.1M	$832K	10x	as long as short
OKX BOT-USDT-SWAP	−0.0860%	8h	29.320	+0.034%	$236K	$231K	20x	as long as short
Lighter BOT	−0.0712%	1h	29.452	+0.484%	$67K	$14K	3x	as long as short
Bybit BOTUSDTlong	−0.0436%	8h	29.310	long leg	$529K	$325K	25x
QFEX BOT-USD	−0.0080%	1h	29.450	+0.478%	$1.2M	$526K	10x	as long as short
Gate BOT_USDTshort	0.0000%	8h	29.330	+0.068%	$250K	$244K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BOTUSDT	0.0000%	8h	29.360	+0.171%	$250K	$138K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.330	+0.068%	$3K	$34K	10x	as long as short