Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h 0.000%
Price spread now: Gate against Bybit−0.107%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1751.750% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.107%, 7d avg +0.007%
=Funding pays, the price is against you. Gate is 0.114% cheaper against Bybit than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of +0.007%). If the spread goes back, that is −$11 on $10k: about 38 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZBTUSDT | 0.08388 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $860K | $447K | 25x |
| Short | Gate ZBT_USDT | 0.08379 | 0.0110 | get 0.0110% / 8h | 6h 44m | $542K | $546K | 50x |
Bybit ZBTUSDT
Gate ZBT_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
- $2.1
- Price spread: −0.107% → +0.007%
- −$11.39
- Slippage, 4 orders
- −$149.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$184.33
- Costs to cover
- 1.750%
- Break-even
- 621.4 days
Slippage from Bybit: live order book, 21 min ago; Gate: live order book, 22 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, 21 min ago | 4.76 bp | 43.8 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 5.95 bp | 37.7 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
ZBT on 13 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_ZBTUSD | −0.0475% | 1h | 0.08381 | −0.082% | $7K | $6K | 10x | as long as short |
| BloFin ZBT-USDT | +0.0072% | 4h | 0.08374 | −0.167% | $147K | $20K | 50x | as long as short |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08377 | −0.128% | $10K | $15K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08387 | −0.007% | $3.2M | $2.6M | 50x | as long as short |
| Bybit ZBTUSDTlong | +0.0100% | 4h | 0.08388 | long leg | $860K | $447K | 25x | |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08393 | +0.060% | $559K | $1.4M | 10x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08384 | −0.048% | $1.4M | $198K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08377 | −0.131% | $733K | $9.8M | 50x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08384 | −0.048% | $6.0M | $140K | 10x | as long as short |
| BingX ZBT-USDT | +0.0100% | 4h | 0.08387 | −0.012% | — | $1.3M | — | as long as short |
Kraken Futures PF_ZBTUSD
BloFin ZBT-USDT
Aster ZBTUSDT
Binance ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
Bitget ZBTUSDT
BingX ZBT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZBT | +0.0100% | 4h | 0.08364 | −0.284% | $894 | $453 | — | as long as short |
| Extended ZBT-USD | +0.0104% | 1h | 0.08391 | +0.038% | $4K | $124K | 5x | as long as short |
| Gate ZBT_USDTshort | +0.0110% | 8h | 0.08379 | −0.107% | $542K | $546K | 50x |
Variational Omni ZBT
Extended ZBT-USD