Funding you earn now, next payment 08:00 UTC+0.0864%/8h= +94.6% APRnext payment +$8.64 per $10,000 · paid last 24h +0.119%
Price spread now: Bybit against Gate+0.019%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$777as in the Funding arb table
Net, price: spread back to 7d avg − costs−$776as in the Price arb table
costs, in and out, $10k−$7877.867% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.019%, 7d avg −0.090%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Bybit is 0.109% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.090%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.64 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 ANET_USDT | 206.80 | 0 | get 0.0000% / 8h | 7h 49m | $171K | $8K | 20x |
| Short | Bybit ANETUSDT | 206.84 | 0.0864 | get 0.0864% / 8h | 7h 49m | $84K | $201K | 25x |
Gate ANET_USDT
Bybit ANETUSDTFunding 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
- $181.52
- Price spread: +0.019% → −0.090%
- $10.92
- Slippage, 4 orders
- −$760.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$594.29
- Costs to cover
- 7.867%
- Break-even
- 29.9 days
Slippage from Gate: live order book, 17 min ago; Bybit: live order book, 6 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, 17 min ago | 36.01 bp | 242.0 bp −$242 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 7.49 bp | 107.1 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
ANET on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ANET_USDTlong | 0.0000% | 8h | 206.80 | long leg | $171K | $8K | 20x | |
| Bitget ANETUSDT | 0.0000% | 8h | 205.99 | −0.392% | $79K | $118K | 20x | as long as short |
| Phemex ANETUSDT | 0.0000% | 8h | 206.53 | −0.131% | $21K | $33K | 10x | as long as short |
| Injective ANET/USDC PERP | +0.0033% | 1h | 199.61 | −3.477% | $2K | $32K | 12x | as long as short |
| HTX ANET-USDT | +0.0100% | 8h | 206.91 | +0.053% | $3K | $68K | 20x | as long as short |
| Binance ANETUSDT | +0.0257% | 8h | 206.52 | −0.135% | $143K | $407K | 20x | as long as short |
| Bybit ANETUSDTshort | +0.0864% | 8h | 206.84 | +0.019% | $84K | $201K | 25x |
Bitget ANETUSDT
Phemex ANETUSDT
Injective ANET/USDC PERP
HTX ANET-USDT
Binance ANETUSDT