Funding you earn now, next payment 08:00 UTC−0.0732%/8h= −80.2% APRnext payment −$7.32 per $10,000 · paid last 24h −0.161%
Price spread now: Gate against Bitget+0.616%7-day average +0.181% · you sell dearer than you buy
Net, funding: paid 7d − costs−$387as in the Funding arb table
Net, price: spread back to 7d avg − costs−$315as in the Price arb table
costs, in and out, $10k−$3593.588% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 4 days (all we have)−0.544%−$54 · spread now +0.616%, 7d avg +0.181%
=The price spread pays, funding is against you. Gate is 0.435% dearer against Bitget than usual: you sell high and buy low (spread +0.616% now, against its 7-day average of +0.181%): +$44 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.283% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.283% in total (about -14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.32 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 | Bitget BYDUSDT | 10.390 | 0.0836 | pay 0.0836% / 8h | 4h 00m | $153K | $231K | 20x |
| Short | Gate BYD_USDT | 10.454 | 0.0104 | get 0.0104% / 8h | 4h 00m | $156K | $53K | 20x |
Bitget BYDUSDT
Gate BYD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$153.72
- Price spread: +0.616% → +0.181%
- $43.54
- Slippage, 4 orders
- −$331.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$469
- Costs to cover
- 3.588%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 49 min ago; Gate: live order book, 50 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 Bitget live order book, 49 min ago | 11.50 bp | 19.3 bp −$19 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Gate live order book, 50 min ago | 11.42 bp | 209.3 bp −$209 | doesn't fit | doesn't fit | doesn't fit |
BYD on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BYD-USDT | 0.0000% | 4h | 10.390 | 0.000% | — | $2.2M | 10x | as long as short |
| HTX BYD-USDT | 0.0000% | 4h | 10.400 | +0.096% | $9K | $267K | 20x | as long as short |
| KuCoin BYDUSDTM | +0.0100% | 8h | 10.418 | +0.269% | $13K | $1.7M | 20x | as long as short |
| Gate BYD_USDTshort | +0.0104% | 8h | 10.454 | +0.616% | $156K | $53K | 20x | |
| Bybit BYDUSDT | +0.0313% | 8h | 10.400 | +0.096% | $78K | $12K | 25x | as long as short |
| Bitget BYDUSDTlong | +0.0836% | 8h | 10.390 | long leg | $153K | $231K | 20x | |
| edgeX BYDUSDC | +0.0921% | 4h | 10.394 | +0.034% | $43K | $431K | 10x | as long as short |
| Binance BYDUSDT | +0.1463% | 4h | 10.395 | +0.046% | $1.4M | $883K | 20x | as long as short |
SunX BYD-USDT
HTX BYD-USDT
KuCoin BYDUSDTM
Bybit BYDUSDT
edgeX BYDUSDC
Binance BYDUSDT