Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.058%
Price spread now: Bybit against Gate−0.191%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,336as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,376as in the Price arb table
costs, in and out, $10k−$1,37313.733% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.191%, 7d avg −0.162%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.029% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.162%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PEP_USDT | 130.81 | 0 | get 0.0000% / 8h | 3h 58m | $116K | $3K | 25x |
| Short | Bybit PEPUSDT | 130.56 | 0 | get 0.0000% / 8h | 3h 58m | $330K | $52K | 25x |
Gate PEP_USDT
Bybit PEPUSDTFunding 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: −0.191% → −0.162%
- −$2.93
- Slippage, 4 orders
- −$1,347.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,376.19
- Costs to cover
- 13.733%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 min ago; Bybit: live order book, 51 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, 52 min ago | 16.41 bp | 522.0 bp −$522 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 51 min ago | 13.78 bp | 134.0 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
PEP 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 PEPUSDTshort | 0.0000% | 8h | 130.56 | −0.191% | $330K | $52K | 25x | |
| Gate PEP_USDTlong | 0.0000% | 8h | 130.81 | long leg | $116K | $3K | 25x | |
| Bitget PEPUSDT | 0.0000% | 8h | 129.95 | −0.657% | $487K | $83K | 20x | as long as short |
| HTX PEP-USDT | 0.0000% | 8h | 130.56 | −0.191% | $6K | $340K | 20x | as long as short |
Bitget PEPUSDT
HTX PEP-USDT