Funding you earn now, next payment 04:00 UTC+0.1426%/8h= +156.1% APRnext payment +$7.13 per $10,000 · paid last 24h +0.687%
Price spread now: Bybit against Gate−0.241%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$255as in the Price arb table
costs, in and out, $10k−$2402.399% of the position
Funding, last 7 days+0.810%+$81 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.241%, 7d avg −0.094%
=Funding pays, the price is against you. Bybit is 0.147% cheaper against Gate than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.094%). If the spread goes back, that is −$15 on $10k: about 8 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+0.810% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.810% in total (about 42.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.13 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 SLX_USDT | 0.06647 | 0.0482 | pay 0.0241% / 4h | 1h 36m | $305K | $684K | 25x |
| Short | Bybit SLXUSDT | 0.06631 | 0.1908 | get 0.0954% / 4h | 1h 36m | $1.0M | $406K | 20x |
Gate SLX_USDT
Bybit SLXUSDTFunding 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
- $299.4
- Price spread: −0.241% → −0.094%
- −$14.68
- Slippage, 4 orders
- −$213.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $44.86
- Costs to cover
- 2.399%
- Break-even
- 6.0 days
Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 19 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, 25 min ago | 2.25 bp | 33.1 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 19 min ago | 3.77 bp | 75.3 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06646 | −0.015% | $975K | $1.6M | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06655 | +0.120% | $1K | $433K | 20x | as long as short |
| Bitget SLXUSDT | +0.0246% | 4h | 0.06652 | +0.075% | $1.0M | $275K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0336% | 4h | 0.06654 | +0.105% | $1.8M | $1.7M | 20x | as long as short |
| Gate SLX_USDTlong | +0.0482% | 4h | 0.06647 | long leg | $305K | $684K | 25x | |
| BloFin SLX-USDT | +0.0704% | 4h | 0.06637 | −0.150% | $168K | $3K | 25x | as long as short |
| Binance SLXUSDT | +0.0708% | 4h | 0.06650 | +0.050% | $2.5M | $3.0M | 25x | as long as short |
| MEXC SLX_USDT | +0.0710% | 4h | 0.06640 | −0.105% | $1.8M | $230K | 20x | as long as short |
| Aster SLXUSDT | +0.0763% | 4h | 0.06645 | −0.026% | $15K | $28K | 10x | as long as short |
| BingX SLX-USDT | +0.1824% | 4h | 0.06640 | −0.105% | — | $1.7M | — | as long as short |
KuCoin SLXUSDTM
SunX SLX-USDT
Bitget SLXUSDT
OKX SLX-USDT-SWAP
BloFin SLX-USDT
Binance SLXUSDT
MEXC SLX_USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.1908% | 4h | 0.06631 | −0.241% | $1.0M | $406K | 20x |