Funding you earn now, next payment 08:00 UTC+0.0334%/8h= +36.6% APRnext payment +$3.34 per $10,000 · paid last 24h +0.061%
Price spread now: Bybit against Gate+0.065%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$673as in the Funding arb table
Net, price: spread back to 7d avg − costs−$681as in the Price arb table
costs, in and out, $10k−$6836.833% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.065%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.34 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 | Gate SNOW_USDT | 339.61 | 0 | get 0.0000% / 8h | 2h 19m | $101K | $233K | 20x |
| Short | Bybit SNOWUSDT | 339.83 | 0.0334 | get 0.0334% / 8h | 2h 19m | $715K | $290K | 25x |
Gate SNOW_USDT
Bybit SNOWUSDTFunding 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
- $70.15
- Price spread: +0.065% → +0.044%
- $2.07
- Slippage, 4 orders
- −$657.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$611.05
- Costs to cover
- 6.833%
- Break-even
- 68.0 days
Slippage from Gate: live order book, 22 min ago; Bybit: live order book, just now.
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, 22 min ago | 18.07 bp | 184.9 bp −$185 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 4.27 bp | 86.7 bp −$87 | 207.3 bp −$2,073 | doesn't fit | doesn't fit |
SNOW 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNOW/USDC PERP | −0.0220% | 1h | 336.36 | −0.957% | $7K | $97 | 12x | as long as short |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 339.63 | +0.006% | $329K | $163K | 20x | as long as short |
| Gate SNOW_USDTlong | 0.0000% | 8h | 339.61 | long leg | $101K | $233K | 20x | |
| Bitget SNOWUSDT | 0.0000% | 8h | 339.96 | +0.103% | $316K | $165K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 339.53 | −0.024% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0277% | 8h | 339.63 | +0.005% | $58K | $62K | — | as long as short |
| Bybit SNOWUSDTshort | +0.0334% | 8h | 339.83 | +0.065% | $715K | $290K | 25x | |
| Binance SNOWUSDT | +0.0363% | 8h | 339.59 | −0.006% | $742K | $752K | 25x | as long as short |
Injective SNOW/USDC PERP
OKX SNOW-USDT-SWAP
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW
Binance SNOWUSDT