S

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h +0.006%

Price spread now: Gate against Bybit+0.619%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1991.994% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.819%−$82 · spread now +0.619%, 7d avg +0.023%

Together, before fees−0.804%−$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.595% dearer against Bybit than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSDT	0.04527	−0.0004	get 0.0002% / 4h	50m 26s	$6.4M	$6.9M	50x
Short	Gate S_USDT	0.04555	0.0100	get 0.0050% / 4h	50m 26s	$385K	$385K	50x

Funding 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 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 BybitbpFee GatebpOrdersPrice spread, now +0.619%Rate

Funding earned: $21.9
Price spread: +0.619% → +0.023%: $59.51
Slippage, 4 orders: −$173.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$117.97
Costs to cover: 1.994%
Break-even: 44.7 days

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 53 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, 1 min ago	2.20 bp	26.6 bp −$27	72.6 bp −$726	doesn't fit	doesn't fit
Sell Gate live order book, 53 min ago	9.82 bp	80.6 bp −$81	doesn't fit	doesn't fit	doesn't fit

S on 25 exchanges

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
01 Exchange SUSD	−0.7352%	1h	0.04460	−1.480%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.3582%	1h	0.04547	+0.435%	$39K	$28K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1880%	1h	0.04510	−0.376%	$55K	$21K	25x	as long as short
Variational Omni S	−0.1375%	4h	0.04558	+0.691%	$732K	$52K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0254% / S +0.0167%	1h	0.04550	+0.497%	$2K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0147%	4h	0.04542	+0.331%	$112K	$632K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04543	+0.343%	$5	—	15x	as long as short
OKX S-USDT-SWAP	−0.0100%	4h	0.04541	+0.309%	$1.4M	$7.8M	20x	as long as short
Hyperliquid S	−0.0009%	1h	0.04549	+0.486%	$1.2M	$1.1M	5x	as long as short
Bybit SUSDTlong	−0.0004%	4h	0.04527	long leg	$6.4M	$6.9M	50x

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04578	+1.127%	$77K	$623	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04546	+0.425%	$701	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04600	+1.613%	$2K	$2	12x	as long as short
Lighter S	+0.0096%	1h	0.04554	+0.596%	$159K	$154K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04555	+0.625%	$48K	$188K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04540	+0.284%	$6.9M	$26.8M	75x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.04555	+0.619%	$385K	$385K	50x
MEXC S_USDT	+0.0100%	4h	0.04551	+0.530%	$4.1M	$3.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04550	+0.508%	$2.2M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04539	+0.265%	$1.3M	$3.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04545	+0.398%	—	$7.1M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04540	+0.287%	$25K	$536K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04551	+0.529%	$260K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04555	+0.619%	$341K	$243K	75x	as long as short
Backpack S_USDC_PERP	+0.0473%	1h	0.04580	+1.171%	$103K	$454K	5x	as long as short