Funding you earn now, next payment 08:00 UTC−0.0210%/8h= −23.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Gate−0.141%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.141%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.121% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 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 ARB_USDT | 0.2277 | 0.0100 | pay 0.0100% / 8h | 7h 10m | $5.6M | $20.0M | 60x |
| Short | Bybit ARBUSDT | 0.2273 | −0.0110 | pay 0.0110% / 8h | 7h 10m | $59.1M | $126.6M | 50x |
Gate ARB_USDT
Bybit ARBUSDTFunding 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
- −$44.08
- Price spread: −0.141% → −0.019%
- −$12.14
- Slippage, 4 orders
- −$32.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$114.93
- Costs to cover
- 0.587%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 2.42 bp | 25.4 bp −$25 | 33.7 bp −$337 | 98.8 bp −$9,884 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.22 bp | 11.7 bp −$12 | 24.1 bp −$241 | 59.8 bp −$5,983 | doesn't fit |
ARB on 36 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 ARB/USDC PERP | −0.1666% | 1h | 0.2260 | −0.734% | $41K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0235% | 1h | 0.2269 | −0.356% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | −0.445% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2277 | 0.000% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2270 | −0.272% | $1.2M | $4.9M | 50x | as long as short |
| Bybit ARBUSDTshort | −0.0110% | 8h | 0.2273 | −0.141% | $59.1M | $126.6M | 50x | |
| OKX ARB-USDT-SWAP | −0.0107% | 8h | 0.2273 | −0.154% | $23.2M | $158.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2273 | −0.145% | $39.2M | $59.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0062% | 1h | 0.2268 | −0.373% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0049% | 8h | 0.2268 | −0.382% | $12K | $388K | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2277 | −0.003% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2270 | −0.311% | $33K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0024% | 8h | 0.2276 | −0.016% | $67.3M | $310.4M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2275 | −0.086% | $366K | $2.5M | 25x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2270 | −0.314% | $144K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0091% | 8h | 0.2269 | −0.343% | $3.2M | $2.9M | 75x | as long as short |
| BingX ARB-USDC | +0.0094% | 8h | 0.2274 | −0.119% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2279 | +0.083% | $1.4M | $7.3M | 15x | as long as short |
| Bitget ARBUSDT | +0.0099% | 8h | 0.2274 | −0.119% | $21.8M | $35.7M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | −0.026% | $41.3M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2275 | −0.075% | $707K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2277 | −0.004% | $46K | $184K | 10x | as long as short |
| Gate ARB_USDTlong | +0.0100% | 8h | 0.2277 | long leg | $5.6M | $20.0M | 60x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2276 | −0.009% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2262 | −0.626% | $41K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2276 | −0.031% | $488K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2264 | −0.558% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2276 | −0.053% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2269 | −0.338% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2268 | −0.360% | $296K | $976K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2270 | −0.294% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2272 | −0.202% | $523K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2273 | −0.181% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0291% / S −0.0179% | 1h | 0.2269 | −0.327% | $908K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2278 | +0.068% | $519K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0602% | 1h | 0.2271 | −0.250% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
BingX ARB-USDC
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDC
Backpack ARB_USDC_PERP