Funding you earn now, next payment 00:00 UTC+0.1577%/8h= +172.7% APRnext payment +$7.89 per $10,000 · paid last 24h +0.307%
Price spread now: Gate against Bybit−0.155%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$343as in the Funding arb table
Net, price: spread back to 7d avg − costs−$418as in the Price arb table
costs, in and out, $10k−$4003.996% of the position
Funding, last 7 days+0.566%+$57 on $10k
+Price spread, last 4 days (all we have)+0.423%+$42 · spread now −0.155%, 7d avg +0.028%
=Funding pays, the price is against you. Gate is 0.182% cheaper against Bybit than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of +0.028%). If the spread goes back, that is −$18 on $10k: about 9 hours of funding at the current rate (+$47 a day). At the pace of the last 7 days (+0.566% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.566% in total (about 29.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.89 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 | Bybit PTBUSDT | 0.001229 | 0.0149 | pay 0.0075% / 4h | 2h 12m | $2.0M | $27.2M | 25x |
| Short | Gate PTB_USDT | 0.001227 | 0.1726 | get 0.0863% / 4h | 2h 12m | $2.0M | $7.6M | 25x |
Bybit PTBUSDT
Gate PTB_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
- $331.17
- Price spread: −0.155% → +0.028%
- −$18.22
- Slippage, 4 orders
- −$373.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$86.67
- Costs to cover
- 3.996%
- Break-even
- 8.8 days
Slippage from Bybit: live order book, 6 min ago; Gate: 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 Bybit live order book, 6 min ago | 3.28 bp | 91.9 bp −$92 | 594.8 bp −$5,948 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 7.74 bp | 75.8 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
PTB 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PTB | +0.0100% | 4h | 0.001221 | −0.635% | $26K | $55K | — | as long as short |
| Bybit PTBUSDTlong | +0.0149% | 4h | 0.001229 | long leg | $2.0M | $27.2M | 25x | |
| BingX PTB-USDT | +0.0951% | 4h | 0.001229 | +0.033% | — | $2.5M | — | as long as short |
| Aster PTBUSDT | +0.1000% | 4h | 0.001229 | +0.010% | $74K | $1.0M | 5x | as long as short |
| MEXC PTB_USDT | +0.1036% | 4h | 0.001227 | −0.155% | $441K | $1.2M | 20x | as long as short |
| Binance PTBUSDT | +0.1038% | 4h | 0.001230 | +0.065% | $9.1M | $183.2M | 20x | as long as short |
| Extended kPTB-USD | +0.1040% | 1h | 0.001227 | −0.155% | $4K | $45K | 5x | as long as short |
| BloFin PTB-USDT | +0.1086% | 4h | 0.001228 | −0.024% | $526K | $1.0M | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1322% | 4h | 0.001227 | −0.163% | $1.9M | $8.6M | 20x | as long as short |
| Gate PTB_USDTshort | +0.1726% | 4h | 0.001227 | −0.155% | $2.0M | $7.6M | 25x |
Variational Omni PTB
BingX PTB-USDT
Aster PTBUSDT
MEXC PTB_USDT
Binance PTBUSDT
Extended kPTB-USD
BloFin PTB-USDT
KuCoin PTBUSDTM