Funding you earn now, next payment 01:00 UTC+0.1742%/8h= +190.8% APRpaid last 24h +1.305%
Price spread now: Bybit against Gate−0.837%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days+0.977%+$98 on $10k
+Price spread, last 4 days (all we have)+0.929%+$93 · spread now −0.837%, 7d avg −0.055%
=Funding pays, the price is against you. Bybit is 0.782% cheaper against Gate than usual: you would sell low and buy high (spread −0.837% now, against its 7-day average of −0.055%). If the spread goes back, that is −$78 on $10k: about 36 hours of funding at the current rate (+$52 a day). At the pace of the last 7 days (+0.977% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.977% in total (about 50.9% 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 CVC_USDT | 0.02749 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $220K | $302K | 25x |
| Short | Bybit CVCUSDT | 0.02726 | 0.1842 | get 0.0230% / 1h | 57m 21s | $1.7M | $1.5M | 25x |
Gate CVC_USDT
Bybit CVCUSDTFunding 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
- $365.89
- Price spread: −0.837% → −0.055%
- −$78.2
- Slippage, 4 orders
- −$90.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $171.66
- Costs to cover
- 1.160%
- Break-even
- 3.7 days
Slippage from Gate: live order book, 13 min ago; Bybit: live order book, 9 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, 13 min ago | 3.64 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 1.83 bp | 24.1 bp −$24 | 336.6 bp −$3,366 | doesn't fit | doesn't fit |
CVC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CVCUSDT | −0.0054% | 4h | 0.02745 | −0.146% | $449K | $482K | 50x | as long as short |
| BingX CVC-USDT | +0.0032% | 4h | 0.02739 | −0.364% | — | $2.4M | — | as long as short |
| MEXC CVC_USDT | +0.0038% | 4h | 0.02744 | −0.182% | $654K | $121K | 20x | as long as short |
| Binance CVCUSDT | +0.0045% | 4h | 0.02747 | −0.073% | $3.0M | $5.7M | 50x | as long as short |
| Variational Omni CVC | +0.0100% | 1h | 0.02734 | −0.559% | $1K | $370 | — | as long as short |
| Gate CVC_USDTlong | +0.0100% | 4h | 0.02749 | long leg | $220K | $302K | 25x | |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02750 | +0.036% | $1.4M | $432K | 30x | as long as short |
| Bybit CVCUSDTshort | +0.1842% | 1h | 0.02726 | −0.837% | $1.7M | $1.5M | 25x |
Bitget CVCUSDT
BingX CVC-USDT
MEXC CVC_USDT
Binance CVCUSDT
Variational Omni CVC
KuCoin CVCUSDTM