Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.047%
Price spread now: Gate against Bybit+0.490%7-day average +0.744% · you sell dearer than you buy
Net, funding: paid 7d − costs−$585as in the Funding arb table
Net, price: spread back to 7d avg − costs−$623as in the Price arb table
costs, in and out, $10k−$5985.979% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.490%, 7d avg +0.744%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.254% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.744%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MCDUSDT | 249.15 | 0 | get 0.0000% / 8h | 4h 52m | $575K | $774K | 25x |
| Short | Gate MCD_USDT | 250.37 | 0 | get 0.0000% / 8h | 4h 52m | $680K | $181K | 25x |
Bybit MCDUSDT
Gate MCD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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: +0.490% → +0.744%
- −$25.44
- Slippage, 4 orders
- −$571.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$623.33
- Costs to cover
- 5.979%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 31 min ago; Gate: live order book, 52 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 Bybit live order book, 31 min ago | 2.41 bp | 86.3 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 21.12 bp | 203.0 bp −$203 | doesn't fit | doesn't fit | doesn't fit |
MCD on 4 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MCDUSDTlong | 0.0000% | 8h | 249.15 | long leg | $575K | $774K | 25x | |
| Gate MCD_USDTshort | 0.0000% | 8h | 250.37 | +0.490% | $680K | $181K | 25x | |
| KuCoin MCDUSDTM | +0.0100% | 8h | 249.48 | +0.132% | $101K | $386K | 10x | as long as short |
| Bitget MCDUSDT | +0.0347% | 8h | 249.13 | −0.008% | $2.5M | $517K | 20x | as long as short |
KuCoin MCDUSDTM
Bitget MCDUSDT