Funding you earn now, next payment 00:00 UTC−0.0531%/8h= −58.2% APRpaid last 24h −0.013%
Price spread now: Bybit against Gate+0.147%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$659as in the Funding arb table
Net, price: spread back to 7d avg − costs−$632as in the Price arb table
costs, in and out, $10k−$6496.489% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.147%, 7d avg −0.024%
=The price spread pays, funding is against you. Bybit is 0.171% dearer against Gate than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.024%): +$17 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.100% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment. 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 ALT_USDT | 0.007492 | 0.0100 | pay 0.0100% / 8h | 2h 24m | $51K | $417K | 25x |
| Short | Bybit ALTUSDT | 0.007503 | −0.0431 | pay 0.0216% / 4h | 2h 24m | $1.2M | $1.6M | 25x |
Gate ALT_USDT
Bybit ALTUSDTFunding 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
- −$111.53
- Price spread: +0.147% → −0.024%
- $17.13
- Slippage, 4 orders
- −$622.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$743.25
- Costs to cover
- 6.489%
- Break-even
- never at this rate
Slippage from Gate: live order book, 61 min ago; Bybit: live order book, 2 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, 61 min ago | 8.67 bp | 308.7 bp −$309 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.67 bp | 29.7 bp −$30 | 141.0 bp −$1,410 | doesn't fit | doesn't fit |
ALT on 14 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 ALTUSDTshort | −0.0431% | 4h | 0.007503 | +0.147% | $1.2M | $1.6M | 25x | |
| Variational Omni ALT | −0.0424% | 4h | 0.007491 | −0.017% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007506 | +0.187% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.482% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007502 | +0.133% | $1.1M | $187K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007506 | +0.187% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDTlong | +0.0100% | 8h | 0.007492 | long leg | $51K | $417K | 25x | |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007503 | +0.147% | $401K | $196K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007500 | +0.107% | $150K | $22K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007491 | −0.013% | $615K | $100K | 50x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007501 | +0.120% | — | $1.3M | — | as long as short |
| BloFin ALT-USDT | +0.0126% | 4h | 0.007489 | −0.040% | $172K | $9K | 50x | as long as short |
| Kraken Futures PF_ALTUSD | +0.0200% | 1h | 0.007516 | +0.319% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007512 | +0.267% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
BloFin ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX