Funding you earn now, next payment 12:00 UTC+0.0550%/8h= +60.2% APRnext payment +$2.75 per $10,000 · paid last 24h −0.041%
Price spread now: Bybit against Gate−0.098%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1701.705% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.098%, 7d avg −0.021%
=Funding pays, the price is against you. Bybit is 0.077% cheaper against Gate than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.021%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.75 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 BR_USDT | 1.1511 | 0.0622 | pay 0.0311% / 4h | 3h 57m | $7.6M | $7.7M | 20x |
| Short | Bybit BRUSDT | 1.1500 | 0.1172 | get 0.0586% / 4h | 3h 57m | $11.2M | $21.6M | 5x |
Gate BR_USDT
Bybit BRUSDTFunding 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
- $115.55
- Price spread: −0.098% → −0.021%
- −$7.67
- Slippage, 4 orders
- −$144.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$62.61
- Costs to cover
- 1.705%
- Break-even
- 10.8 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 2.09 bp | 37.1 bp −$37 | 670.0 bp −$6,700 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.82 bp | 46.2 bp −$46 | 165.1 bp −$1,651 | doesn't fit | doesn't fit |
BR on 11 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 BR | +0.0100% | 4h | 1.1502 | −0.079% | $274K | $259K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1511 | −0.005% | — | $739K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1551 | +0.347% | $88K | $235K | 20x | as long as short |
| BingX BR-USDT | +0.0174% | 4h | 1.1508 | −0.024% | — | $5.6M | — | as long as short |
| Aster BRUSDT | +0.0231% | 4h | 1.1509 | −0.019% | $669K | $2.2M | 5x | as long as short |
| KuCoin BRUSDTM | +0.0306% | 4h | 1.1504 | −0.064% | $5.0M | $4.9M | 30x | as long as short |
| Bitget BRUSDT | +0.0352% | 4h | 1.1517 | +0.053% | $8.4M | $9.7M | 10x | as long as short |
| Gate BR_USDTlong | +0.0622% | 4h | 1.1511 | long leg | $7.6M | $7.7M | 20x | |
| MEXC BR_USDT | +0.0866% | 4h | 1.1514 | +0.020% | $15.5M | $6.0M | 100x | as long as short |
| Binance BRUSDT | +0.0868% | 4h | 1.1508 | −0.028% | $54.8M | $132.3M | 25x | as long as short |
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
BingX BR-USDT
Aster BRUSDT
KuCoin BRUSDTM
Bitget BRUSDT
MEXC BR_USDT
Binance BRUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BRUSDTshort | +0.1172% | 4h | 1.1500 | −0.098% | $11.2M | $21.6M | 5x |