Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 93.710 | 0 | 0.0000% / 8h | 1h 57m | $1.4M | $22K | 25x | Long Gate | |
| SHORT | 93.120 | 0 | 0.0000% / 8h | 1h 57m | $197K | $287K | 25x | Short Bybit |
Price gap−0.630%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.789% under its 7d average: the price leg works against you, −$79 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$260.0000% /8h now · paid −0.263% over the last 7D
Price−$79spread −0.630% now, avg +0.159% → −0.789% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$105−1.05%no pointscosts unknown: book too thin at $10k ·
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.630%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hFUTU on 6 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Gate’s order book right now.
- Note: Margin at max leverage$400 + $400Gate 25x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Gate: 3 payments, $0.00; short Bybit: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.630% vs +0.159%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$197K vs $1.4M OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · Bybit YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0125%/8h × 21 periods−$26.30
Price spread−0.630% → +0.159% (7d avg)−$78.89
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Gate bp × 2 orders−$15.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Gate: live order book, 3 min ago; Bybit: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate18.10doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit12.30107.1 bp−$107doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.