Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.3% APRnext payment +$1.67 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Gate−0.028%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$481as in the Funding arb table
Net, price: spread back to 7d avg − costs−$476as in the Price arb table
costs, in and out, $10k−$4804.804% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.028%, 7d avg −0.073%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.045% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VRT_USDT | 252.20 | 0 | get 0.0000% / 8h | 6h 32m | $139K | $17K | 20x |
| Short | Bybit VRTUSDT | 252.13 | 0.0167 | get 0.0167% / 8h | 6h 32m | $450K | $121K | 25x |
Gate VRT_USDT
Bybit VRTUSDTFunding 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
- $35.16
- Price spread: −0.028% → −0.073%
- $4.52
- Slippage, 4 orders
- −$454.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$440.75
- Costs to cover
- 4.804%
- Break-even
- 94.7 days
Slippage from Gate: live order book, 28 min ago; Bybit: live order book, 27 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, 28 min ago | 15.80 bp | 139.3 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 27 min ago | 5.93 bp | 111.2 bp −$111 | 230.2 bp −$2,302 | doesn't fit | doesn't fit |
VRT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDTlong | 0.0000% | 8h | 252.20 | long leg | $139K | $17K | 20x | |
| Bitget VRTUSDT | 0.0000% | 8h | 251.80 | −0.159% | $477K | $156K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 251.84 | −0.143% | $1K | $488K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 251.71 | −0.194% | $8K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.102% | $9K | $50 | 12x | as long as short |
| Bybit VRTUSDTshort | +0.0167% | 8h | 252.13 | −0.028% | $450K | $121K | 25x | |
| OKX VRT-USDT-SWAP | +0.0187% | 8h | 252.05 | −0.059% | $263K | $157K | 20x | as long as short |
| KuCoin VRTUSDTM | +0.0335% | 8h | 251.91 | −0.115% | $107K | $24K | 20x | as long as short |
| Binance VRTUSDT | +0.0502% | 8h | 251.97 | −0.091% | $1.1M | $993K | 25x | as long as short |
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
OKX VRT-USDT-SWAP
KuCoin VRTUSDTM
Binance VRTUSDT