Funding you earn now, next payment 00:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.56 per $10,000 · paid last 24h −0.261%
Price spread now: Gate against Bybit+0.019%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2862.861% of the position
Funding, last 7 days−0.719%−$72 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.019%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.719%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005177 | −0.0983 | get 0.0492% / 4h | 1h 26m | $1.6M | $2.2M | 25x |
| Short | Gate T_USDT | 0.005178 | −0.0872 | pay 0.0436% / 4h | 1h 26m | $215K | $120K | 20x |
Bybit TUSDT
Gate T_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
- $23.36
- Price spread: +0.019% → −0.019%
- $3.78
- Slippage, 4 orders
- −$260.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$258.95
- Costs to cover
- 2.861%
- Break-even
- 84.6 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 50 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 | 0.97 bp | 44.3 bp −$44 | 301.9 bp −$3,019 | doesn't fit | doesn't fit |
| Sell Gate live order book, 50 min ago | 5.80 bp | 114.7 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
T on 8 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_TUSD | −0.4832% | 1h | 0.005169 | −0.157% | $2K | $2K | 10x | as long as short |
| Bybit TUSDTlong | −0.0983% | 4h | 0.005177 | long leg | $1.6M | $2.2M | 25x | |
| KuCoin TUSDTM | −0.0962% | 4h | 0.005168 | −0.174% | $1.3M | $108K | 12x | as long as short |
| Variational Omni T | −0.0931% | 4h | 0.005151 | −0.505% | $7K | $13K | — | as long as short |
| Gate T_USDTshort | −0.0872% | 4h | 0.005178 | +0.019% | $215K | $120K | 20x | |
| Bitget TUSDT | −0.0644% | 4h | 0.005169 | −0.155% | $888K | $765K | 50x | as long as short |
| MEXC T_USDT | −0.0564% | 4h | 0.005174 | −0.058% | $3.1M | $265K | 20x | as long as short |
| Binance TUSDT | −0.0559% | 4h | 0.005177 | +0.007% | $3.2M | $10.1M | 50x | as long as short |
Kraken Futures PF_TUSD
KuCoin TUSDTM
Variational Omni T
Bitget TUSDT
MEXC T_USDT
Binance TUSDT