Funding you earn now, next payment 08:00 UTC+0.0234%/8h= +25.6% APRnext payment +$2.34 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against Gate−0.041%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.041%, 7d avg −0.006%
=Funding pays, the price is against you. Bybit is 0.034% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.006%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, 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 -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 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 | Gate COIN_USDT | 196.43 | −0.0234 | get 0.0234% / 8h | 3h 10m | $1.2M | $7.3M | 50x |
| Short | Bybit COINUSDT | 196.35 | 0 | get 0.0000% / 8h | 3h 10m | $4.8M | $6.1M | 50x |
Gate COIN_USDT
Bybit COINUSDTFunding 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
- $49.14
- Price spread: −0.041% → −0.006%
- −$3.45
- Slippage, 4 orders
- −$26.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$7.27
- Costs to cover
- 0.530%
- Break-even
- 8.0 days
Slippage from Gate: live order book, 3 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, 3 min ago | 4.32 bp | 14.2 bp −$14 | 103.3 bp −$1,033 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.78 bp | 13.1 bp −$13 | 30.2 bp −$302 | 158.4 bp −$15.8K | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0723% | 8h | 196.51 | +0.041% | $6.2M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.62 | +0.097% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0234% | 8h | 196.43 | long leg | $1.2M | $7.3M | 50x | |
| Vest COIN-USD-PERP | −0.0112% | 1h | 195.74 | −0.351% | — | $262K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.30 | −0.068% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.32 | −0.055% | $116K | $845K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.37 | −0.028% | $14.6M | $80.4M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 196.35 | −0.041% | $4.8M | $6.1M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.39 | −0.020% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.37 | −0.031% | $682K | $939K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.64 | +0.108% | $20K | $2.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 196.35 | −0.041% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.33 | −0.051% | $454K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.64 | +0.107% | $15K | $55K | 5x | as long as short |
| Lighter COIN | +0.0048% | 1h | 196.35 | −0.038% | $380K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.26 | −0.087% | $15.3M | $13.7M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.25 | −0.092% | $133K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.34 | −0.046% | $90 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.47 | +0.020% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.35 | −0.041% | $990K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.52 | +0.046% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.31 | −0.061% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.34 | −0.045% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.50 | +0.036% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0122% | 1h | 196.67 | +0.122% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0620% | 4h | 196.63 | +0.103% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Lighter COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC