Funding you earn now, next payment 08:00 UTC+0.0894%/8h= +97.9% APRnext payment +$8.94 per $10,000 · paid last 24h −0.175%
Price spread now: Bybit against Gate+0.041%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$504as in the Funding arb table
Net, price: spread back to 7d avg − costs−$488as in the Price arb table
costs, in and out, $10k−$4924.923% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Bybit is 0.041% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.116%, 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 -0.116% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.94 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 IBIT_USDT | 48.490 | 0 | get 0.0000% / 8h | 1m 44s | $100K | $20K | 20x |
| Short | Bybit IBITUSDT | 48.510 | 0.0894 | get 0.0894% / 8h | 1m 44s | $221K | $872K | 25x |
Gate IBIT_USDT
Bybit IBITUSDTFunding 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
- $187.69
- Price spread: +0.041% → 0.000%
- $4.12
- Slippage, 4 orders
- −$466.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$300.46
- Costs to cover
- 4.923%
- Break-even
- 18.2 days
Slippage from Gate: live order book, 20 min ago; Bybit: live order book, 33 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, 20 min ago | 13.40 bp | 255.0 bp −$255 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 33 min ago | 4.13 bp | 9.6 bp −$10 | 90.4 bp −$904 | doesn't fit | doesn't fit |
IBIT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX IBIT-USD | 0.0000% | 1h | 48.300 | −0.392% | $1.2M | $5.6M | 10x | as long as short |
| Gate IBIT_USDTlong | 0.0000% | 8h | 48.490 | long leg | $100K | $20K | 20x | |
| Bitget IBITUSDT | 0.0000% | 8h | 48.369 | −0.250% | $24K | $84K | 20x | as long as short |
| HTX IBIT-USDT | 0.0000% | 8h | 48.470 | −0.041% | $1K | $29K | 20x | as long as short |
| Bybit IBITUSDTshort | +0.0894% | 8h | 48.510 | +0.041% | $221K | $872K | 25x |
QFEX IBIT-USD
Bitget IBITUSDT
HTX IBIT-USDT