Funding you earn now, next payment 04:00 UTC−0.0750%/8h= −82.2% APRnext payment −$3.75 per $10,000 · paid last 24h −0.214%
Price spread now: Bybit against Gate+0.158%7-day average +0.229% · you sell dearer than you buy
Net, funding: paid 7d − costs−$284as in the Funding arb table
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2852.852% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.178%−$18 · spread now +0.158%, 7d avg +0.229%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.070% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.229%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.75 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 AVA_USDT | 0.2528 | −0.0924 | get 0.0462% / 4h | 49m 06s | $295K | $222K | 20x |
| Short | Bybit AVAUSDT | 0.2532 | −0.1674 | pay 0.0837% / 4h | 49m 06s | $1.3M | $1.1M | 5x |
Gate AVA_USDT
Bybit AVAUSDTFunding 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
- −$157.58
- Price spread: +0.158% → +0.229%
- −$7.04
- Slippage, 4 orders
- −$259.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$449.82
- Costs to cover
- 2.852%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 9.86 bp | 74.8 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.93 bp | 56.6 bp −$57 | 347.0 bp −$3,470 | doesn't fit | doesn't fit |
AVA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit AVAUSDTshort | −0.1674% | 4h | 0.2532 | +0.158% | $1.3M | $1.1M | 5x | |
| MEXC AVA_USDT | −0.1634% | 4h | 0.2529 | +0.040% | $381K | $179K | 50x | as long as short |
| Binance AVAUSDT | −0.1623% | 4h | 0.2530 | +0.079% | $3.7M | $10.4M | 25x | as long as short |
| Variational Omni AVA | −0.1526% | 4h | 0.2532 | +0.160% | $8K | $9K | — | as long as short |
| Aster AVAUSDT | −0.1465% | 1h | 0.2527 | −0.025% | $11K | $51K | 5x | as long as short |
| KuCoin AVAUSDTM | −0.1370% | 4h | 0.2522 | −0.237% | $732K | $93K | 30x | as long as short |
| Bitget AVAUSDT | −0.1262% | 4h | 0.2525 | −0.119% | $402K | $874K | 25x | as long as short |
| Gate AVA_USDTlong | −0.0924% | 4h | 0.2528 | long leg | $295K | $222K | 20x | |
| BingX AVA-USDT | −0.0882% | 4h | 0.2528 | 0.000% | — | $1.6M | — | as long as short |
MEXC AVA_USDT
Binance AVAUSDT
Variational Omni AVA
Aster AVAUSDT
KuCoin AVAUSDTM
Bitget AVAUSDT
BingX AVA-USDT