NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0311%/8h= −34.0% APRnext payment −$1.55 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against Gate−0.137%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.137%, 7d avg −0.137%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.137%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.55 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 NOT_USDT	0.0005120	0.0100	pay 0.0050% / 4h	3h 57m	$142K	$78K	50x
Short	Bybit NOTUSDT	0.0005113	−0.0211	pay 0.0105% / 4h	3h 57m	$2.2M	$830K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$65.29
Price spread: −0.137% → −0.137%: $0.02
Slippage, 4 orders: −$112.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$203.47
Costs to cover: 1.382%
Break-even: never at this rate

Slippage from Gate: live order book, 8 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, 8 min ago	6.86 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	4.91 bp	26.3 bp −$26	100.7 bp −$1,007	doesn't fit	doesn't fit

NOT on 16 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
Kraken Futures PF_NOTUSD	−0.0330%	1h	0.0005130	+0.201%	$50K	$10K	10x	as long as short
Bybit NOTUSDTshort	−0.0211%	4h	0.0005113	−0.137%	$2.2M	$830K	25x
Variational Omni NOT	+0.0009%	4h	0.0005101	−0.375%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.805%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0045%	4h	0.0005113	−0.137%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005126	+0.111%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005110	−0.195%	$374K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005117	−0.057%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005114	−0.117%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005113	−0.137%	$637K	$631K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTlong	+0.0100%	4h	0.0005120	long leg	$142K	$78K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005117	−0.059%	$1.4M	$460K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005111	−0.176%	$467K	$138K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005119	−0.020%	$672K	$389K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005115	−0.098%	—	$7.4M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005115	−0.098%	$4K	$491	5x	as long as short