Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Bybit against Gate−0.063%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$313as in the Price arb table
costs, in and out, $10k−$3093.092% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.063%, 7d avg −0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BX_USDT | 126.77 | 0 | get 0.0000% / 8h | 7m 48s | $426K | $27K | 20x |
| Short | Bybit BXUSDT | 126.69 | 0 | get 0.0000% / 8h | 7m 48s | $489K | $863K | 25x |
Gate BX_USDT
Bybit BXUSDTFunding 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: −0.063% → −0.024%
- −$3.94
- Slippage, 4 orders
- −$283.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$313.15
- Costs to cover
- 3.092%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 5.13 bp | 60.6 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.76 bp | 98.0 bp −$98 | 212.6 bp −$2,126 | doesn't fit | doesn't fit |
BX on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BXUSDT | 0.0000% | 8h | 126.47 | −0.238% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDTshort | 0.0000% | 8h | 126.69 | −0.063% | $489K | $863K | 25x | |
| QFEX BX-USD | 0.0000% | 1h | 126.51 | −0.205% | $1.1M | $1.3M | 10x | as long as short |
| Gate BX_USDTlong | 0.0000% | 8h | 126.77 | long leg | $426K | $27K | 20x | |
| Bitget BXUSDT | 0.0000% | 8h | 126.70 | −0.055% | $903K | $44K | 20x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.55 | −0.174% | $867 | $305K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.62 | −0.118% | $7K | $3K | 20x | as long as short |
| tradeXYZ xyz:BX | +0.0219% | 1h | 126.44 | −0.260% | $665K | $187K | 10x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.57 | +9.308% | $4K | $32K | 12x | as long as short |
| OKX BX-USDT-SWAP | +0.0313% | 8h | 126.46 | −0.245% | $162K | $109K | 20x | as long as short |
Aster BXUSDT
QFEX BX-USD
Bitget BXUSDT
SunX BX-USDT
HTX BX-USDT
tradeXYZ xyz:BX
Injective BX/USDC PERP
OKX BX-USDT-SWAPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BXUSDTM | +0.1212% | 8h | 126.43 | −0.268% | $112K | $1.1M | 20x | as long as short |
| Variational Omni BX | +0.1255% | 8h | 126.49 | −0.224% | $31K | $127 | — | as long as short |
| Binance BXUSDT | +0.1619% | 8h | 126.55 | −0.174% | $796K | $470K | 20x | as long as short |
| GRVT BX_USDT_Perp | +0.2320% | 8h | 126.53 | −0.190% | $1K | $123K | 10x | as long as short |
KuCoin BXUSDTM
Variational Omni BX
Binance BXUSDT
GRVT BX_USDT_Perp