Funding you earn now, next payment 04:00 UTC−0.0511%/8h= −56.0% APRnext payment −$2.56 per $10,000 · paid last 24h −0.083%
Price spread now: Gate against Bybit+0.059%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$397as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3853.852% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now +0.059%, 7d avg +0.029%
=The price spread pays, funding is against you. Gate is 0.029% dearer against Bybit than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.029%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.115% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.56 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 | Bybit BUSDT | 0.2045 | 0.0611 | pay 0.0306% / 4h | 2h 25m | $1.7M | $940K | 13x |
| Short | Gate B_USDT | 0.2046 | 0.0100 | get 0.0050% / 4h | 2h 25m | $3.5M | $631K | 20x |
Bybit BUSDT
Gate B_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
- −$107.39
- Price spread: +0.059% → +0.029%
- $2.92
- Slippage, 4 orders
- −$359.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$489.69
- Costs to cover
- 3.852%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Gate: 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 Bybit live order book, 1 min ago | 1.95 bp | 103.0 bp −$103 | 3243.1 bp −$32.4K | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.34 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
B on 10 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 B_USDTshort | +0.0100% | 4h | 0.2046 | +0.059% | $3.5M | $631K | 20x | |
| KuCoin BUSDTM | +0.0494% | 4h | 0.2045 | +0.024% | $1.9M | $72K | 10x | as long as short |
| Bybit BUSDTlong | +0.0611% | 4h | 0.2045 | long leg | $1.7M | $940K | 13x | |
| edgeX BUSDC | +0.0663% | 4h | 0.2043 | −0.064% | $3K | $388K | 5x | as long as short |
| Extended B-USD | +0.0664% | 1h | 0.2046 | +0.080% | $18K | $223K | 5x | as long as short |
| MEXC B_USDT | +0.0664% | 4h | 0.2046 | +0.059% | $1.0M | $362K | 100x | as long as short |
| Binance BUSDT | +0.0664% | 4h | 0.2047 | +0.116% | $11.8M | $2.0M | 20x | as long as short |
| BingX B-USDT | +0.0900% | 4h | 0.2045 | +0.010% | — | $1.3M | — | as long as short |
| Bitget BUSDT | +0.0920% | 4h | 0.2043 | −0.088% | $2.8M | $258K | 10x | as long as short |
| Aster BUSDT | +0.1386% | 4h | 0.2045 | +0.010% | $1.9M | $213K | 5x | as long as short |
KuCoin BUSDTM
edgeX BUSDC
Extended B-USD
MEXC B_USDT
Binance BUSDT
BingX B-USDT
Bitget BUSDT
Aster BUSDT