Funding you earn now, next payment 08:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.51 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against Gate+0.046%7-day average −0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$2012.009% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.694%−$69 · spread now +0.046%, 7d avg −0.124%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.170% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CORE_USDT | 0.02179 | −0.0326 | get 0.0326% / 8h | 4h 51m | $158K | $170K | 25x |
| Short | Bybit COREUSDT | 0.02180 | −0.0275 | pay 0.0275% / 8h | 4h 51m | $1.4M | $970K | 20x |
Gate CORE_USDT
Bybit COREUSDTFunding 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
- $10.65
- Price spread: +0.046% → −0.124%
- $17.01
- Slippage, 4 orders
- −$174.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$173.25
- Costs to cover
- 2.009%
- Break-even
- 120.9 days
Slippage from Gate: live order book, 64 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, 64 min ago | 9.21 bp | 57.8 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 9.15 bp | 38.7 bp −$39 | 316.0 bp −$3,160 | doesn't fit | doesn't fit |
CORE on 6 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 CORE_USDTlong | −0.0326% | 8h | 0.02179 | long leg | $158K | $170K | 25x | |
| Variational Omni CORE | −0.0324% | 8h | 0.02187 | +0.374% | $8K | $918 | — | as long as short |
| Bybit COREUSDTshort | −0.0275% | 8h | 0.02180 | +0.046% | $1.4M | $970K | 20x | |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02189 | +0.459% | $1.7M | $4.4M | 20x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02187 | +0.367% | $820K | $217K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02186 | +0.321% | — | $1.3M | — | as long as short |
Variational Omni CORE
OKX CORE-USDT-SWAP
MEXC CORE_USDT
BingX CORE-USDT