Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.270%
Price spread now: Bybit against Gate−0.032%7-day average −0.773% · you buy dearer than you sell
Net, funding: paid 7d − costs−$703as in the Funding arb table
Net, price: spread back to 7d avg − costs−$617as in the Price arb table
costs, in and out, $10k−$6916.909% of the position
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 4 days (all we have)−0.650%−$65 · spread now −0.032%, 7d avg −0.773%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.741% dearer against Gate than usual: you sell high and buy low, +$74 on $10k if it goes back to its 7-day average of −0.773%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MCD_USDT | 248.87 | 0 | get 0.0000% / 8h | 2h 00m | $677K | $184K | 25x |
| Short | Bybit MCDUSDT | 248.79 | 0 | get 0.0000% / 8h | 2h 00m | $591K | $9.5M | 25x |
Gate MCD_USDT
Bybit MCDUSDTFunding 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
- $0
- Price spread: −0.032% → −0.773%
- $74.1
- Slippage, 4 orders
- −$664.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$616.81
- Costs to cover
- 6.909%
- Break-even
- never at this rate
Slippage from Gate: live order book, 46 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, 46 min ago | 38.32 bp | 286.7 bp −$287 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.03 bp | 90.6 bp −$91 | 249.3 bp −$2,493 | doesn't fit | doesn't fit |
MCD on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MCDUSDTshort | 0.0000% | 8h | 248.79 | −0.032% | $591K | $9.5M | 25x | |
| Gate MCD_USDTlong | 0.0000% | 8h | 248.87 | long leg | $677K | $184K | 25x | |
| Bitget MCDUSDT | 0.0000% | 8h | 248.61 | −0.104% | $2.4M | $495K | 20x | as long as short |
| KuCoin MCDUSDTM | +0.0100% | 8h | 248.72 | −0.060% | $98K | $218K | 10x | as long as short |
Bitget MCDUSDT
KuCoin MCDUSDTM