Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.024%
Price spread now: Gate against Bybit−0.070%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.070%, 7d avg −0.054%
=The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0000 | 0 | get 0.0000% / 8h | 2h 21m | $9.5M | $372K | 50x |
| Short | Gate USDC_USDT | 0.9993 | 0.0100 | get 0.0100% / 8h | 2h 21m | $253K | $19K | 50x |
Bybit USDCUSDT
Gate USDC_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
- $21
- Price spread: −0.070% → −0.054%
- −$1.58
- Slippage, 4 orders
- −$8.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$14.83
- Costs to cover
- 0.343%
- Break-even
- 11.9 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 62 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 | 0.50 bp | 6.0 bp −$6 | 6.5 bp −$65 | 418.4 bp −$41.8K | doesn't fit |
| Sell Gate live order book, 62 min ago | 3.00 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0082% | 8h | 0.9994 | −0.061% | $4.3M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0081% | 8h | 0.9994 | −0.061% | $16.6M | $266K | 200x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0071% | 1h | 0.9997 | −0.025% | $14K | $928 | 50x | as long as short |
| Bitget USDCUSDT | −0.0051% | 8h | 0.9993 | −0.070% | $4.3M | $17K | 50x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0000 | long leg | $9.5M | $372K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | −0.002% | $1.1M | $45K | 50x | as long as short |
| KuCoin USDCUSDTM | +0.0002% | 8h | 0.9991 | −0.094% | $2.5M | $19K | 30x | as long as short |
| Gate USDC_USDTshort | +0.0100% | 8h | 0.9993 | −0.070% | $253K | $19K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
Bitget USDCUSDT
OKX USDC-USDT-SWAP
KuCoin USDCUSDTM