Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h +0.138%
Price spread now: Gate against Bybit−0.174%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,640as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,707as in the Price arb table
costs, in and out, $10k−$2,68026.796% of the position
Funding, last 7 days+0.392%+$39 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.174%, 7d avg +0.105%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.279% cheaper against Bybit than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.105%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.392%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 4USDT | 0.02244 | 0.0490 | pay 0.0245% / 4h | 2h 20m | $3.0M | $1.6M | 5x |
| Short | Gate 4_USDT | 0.02241 | 0.0464 | get 0.0232% / 4h | 2h 20m | $611K | $230K | 20x |
Bybit 4USDT
Gate 4_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
- −$5.43
- Price spread: −0.174% → +0.105%
- −$27.9
- Slippage, 4 orders
- −$2,653.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,712.92
- Costs to cover
- 26.796%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 65 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, 2 min ago | 4.45 bp | 350.2 bp −$350 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 65 min ago | 12.36 bp | 1120.1 bp −$1,120 | doesn't fit | doesn't fit | doesn't fit |
4 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 4 | +0.0100% | 4h | 0.02241 | −0.135% | $54K | $9K | — | as long as short |
| SunX 4-USDT | +0.0100% | 4h | 0.02247 | +0.116% | $2K | $962K | 20x | as long as short |
| BingX 4-USDT | +0.0240% | 4h | 0.02248 | +0.156% | — | $1.3M | — | as long as short |
| MEXC 4_USDT | +0.0278% | 4h | 0.02247 | +0.116% | $2.1M | $812K | 100x | as long as short |
| Binance 4USDT | +0.0294% | 4h | 0.02248 | +0.151% | $8.8M | $10.4M | 20x | as long as short |
| Aster 4USDT | +0.0403% | 4h | 0.02248 | +0.146% | $256K | $92K | 5x | as long as short |
| Gate 4_USDTshort | +0.0464% | 4h | 0.02241 | −0.174% | $611K | $230K | 20x | |
| Bybit 4USDTlong | +0.0490% | 4h | 0.02244 | long leg | $3.0M | $1.6M | 5x | |
| KuCoin 4USDTM | +0.0546% | 4h | 0.02245 | +0.027% | $936K | $13.2M | 20x | as long as short |
Variational Omni 4
SunX 4-USDT
BingX 4-USDT
MEXC 4_USDT
Binance 4USDT
Aster 4USDT
KuCoin 4USDTM