Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.037%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1371.374% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.037%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000LUNCUSDT | 0.00005471 | 0.0130 | pay 0.0130% / 8h | 6h 01m | $2.0M | $732K | 25x |
| Short | Gate LUNC_USDT | 0.00005473 | 0.0100 | get 0.0100% / 8h | 6h 01m | $387K | $240K | 75x |
Bybit 1000LUNCUSDT
Gate LUNC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$6.3
- Price spread: +0.037% → +0.074%
- −$3.71
- Slippage, 4 orders
- −$111.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$147.36
- Costs to cover
- 1.374%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 64 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 Bybit live order book, 5 min ago | 1.83 bp | 30.5 bp −$30 | 149.4 bp −$1,494 | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 2.70 bp | 33.2 bp −$33 | 238.1 bp −$2,381 | doesn't fit | doesn't fit |
LUNC on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0208% | 8h | 0.00005465 | −0.110% | $17.0M | $1.4M | 200x | as long as short |
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005475 | +0.080% | $287K | $105K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005472 | +0.010% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005467 | −0.073% | $4.1M | $7.7M | 75x | as long as short |
| Gate LUNC_USDTshort | +0.0100% | 8h | 0.00005473 | +0.037% | $387K | $240K | 75x | |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005462 | −0.165% | $1.1M | $566K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005467 | −0.082% | $2K | — | 10x | as long as short |
| Bybit 1000LUNCUSDTlong | +0.0130% | 8h | 0.00005471 | long leg | $2.0M | $732K | 25x | |
| BingX LUNC-USDT | +0.0140% | 8h | 0.00005474 | +0.055% | — | $2.0M | — | as long as short |
| KuCoin LUNCUSDTM | +0.1059% | 8h | 0.00005468 | −0.057% | $1.7M | $649K | 50x | as long as short |
MEXC LUNC_USDT
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Bitget LUNCUSDT
Extended kLUNC-USD
BingX LUNC-USDT
KuCoin LUNCUSDTM