Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.578%7-day average −0.545% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,091as in the Price arb table
costs, in and out, $10k−$1,08810.878% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 4 days (all we have)−0.440%−$44 · spread now −0.578%, 7d avg −0.545%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% 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 −0.545%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMIC_USDT | 8.2980 | 0 | get 0.0000% / 8h | 7h 56m | $172K | $26K | 20x |
| Short | Bybit SMICUSDT | 8.2500 | 0 | get 0.0000% / 8h | 7h 56m | $137K | $44K | 20x |
Gate SMIC_USDT
Bybit SMICUSDTFunding 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: −0.578% → −0.545%
- −$3.34
- Slippage, 4 orders
- −$1,061.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,091.11
- Costs to cover
- 10.878%
- Break-even
- never at this rate
Slippage from Gate: live order book, 34 min ago; Bybit: live order book, 23 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, 34 min ago | 68.29 bp | 314.7 bp −$315 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 23 min ago | 12.11 bp | 214.5 bp −$214 | doesn't fit | doesn't fit | doesn't fit |
SMIC 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SMICUSDTshort | 0.0000% | 8h | 8.2500 | −0.578% | $137K | $44K | 20x | |
| Gate SMIC_USDTlong | 0.0000% | 8h | 8.2980 | long leg | $172K | $26K | 20x | |
| Bitget SMICUSDT | 0.0000% | 8h | 8.1920 | −1.277% | $385K | $144K | 5x | as long as short |
| HTX SMIC-USDT | 0.0000% | 8h | 8.2510 | −0.566% | $12K | $341K | 20x | as long as short |
| Lighter SMIC | +0.0032% | 1h | 8.2234 | −0.899% | $32K | $419 | 10x | as long as short |
Bitget SMICUSDT
HTX SMIC-USDT
Lighter SMIC