Funding you earn now, next payment 08:00 UTC+0.1608%/8h= +176.1% APRnext payment +$16.08 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.164%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$727as in the Funding arb table
Net, price: spread back to 7d avg − costs−$732as in the Price arb table
costs, in and out, $10k−$7257.245% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.164%, 7d avg −0.086%
=Funding pays, the price is against you. Gate is 0.078% cheaper against Bybit than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.086%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$48 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.08 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 | Bybit SHOPUSDT | 140.14 | 0 | get 0.0000% / 8h | 3h 52m | $859K | $87K | 25x |
| Short | Gate SHOP_USDT | 139.91 | 0.1608 | get 0.1608% / 8h | 3h 52m | $269K | $60K | 20x |
Bybit SHOPUSDT
Gate SHOP_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
- $337.68
- Price spread: −0.164% → −0.086%
- −$7.82
- Slippage, 4 orders
- −$698.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$394.66
- Costs to cover
- 7.245%
- Break-even
- 15.2 days
Slippage from Bybit: live order book, 62 min ago; Gate: live order book, 59 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, 62 min ago | 6.76 bp | 117.2 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 29.92 bp | 286.7 bp −$287 | doesn't fit | doesn't fit | doesn't fit |
SHOP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SHOPUSDT | 0.0000% | 8h | 140.07 | −0.050% | $392K | $870K | 20x | as long as short |
| Bybit SHOPUSDTlong | 0.0000% | 8h | 140.14 | long leg | $859K | $87K | 25x | |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 139.94 | −0.143% | $126K | $321K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.13 | −0.007% | $326K | $175K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 140.18 | +0.029% | $9K | $350K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −1.010% | $263K | $6K | 10x | as long as short |
| edgeX SHOPUSDC | +0.0968% | 4h | 140.06 | −0.057% | $18K | $224K | 10x | as long as short |
| Gate SHOP_USDTshort | +0.1608% | 8h | 139.91 | −0.164% | $269K | $60K | 20x |
Binance SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD
edgeX SHOPUSDC