Funding you earn now, next payment 04:00 UTC−0.1878%/8h= −205.6% APRnext payment −$9.39 per $10,000 · paid last 24h −0.306%
Price spread now: Bybit against Gate+0.079%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1851.848% of the position
Funding, last 7 days−0.302%−$30 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.079%, 7d avg −0.042%
=The price spread pays, funding is against you. Bybit is 0.121% dearer against Gate than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.042%): +$12 on $10k if it goes back. Holding the pair costs −$56 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.302% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.302% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.39 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 B2_USDT | 0.5043 | 0.1978 | pay 0.0989% / 4h | 1m 37s | $917K | $435K | 20x |
| Short | Bybit B2USDT | 0.5047 | 0.0100 | get 0.0050% / 4h | 1m 37s | $1.6M | $2.1M | 20x |
Gate B2_USDT
Bybit B2USDTFunding 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
- −$394.38
- Price spread: +0.079% → −0.042%
- $12.1
- Slippage, 4 orders
- −$158.81
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$567.1
- Costs to cover
- 1.848%
- Break-even
- never at this rate
Slippage from Gate: live order book, 55 min ago; Bybit: live order book, just now.
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, 55 min ago | 15.60 bp | 51.8 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 3.96 bp | 40.4 bp −$40 | 337.1 bp −$3,371 | doesn't fit | doesn't fit |
B2 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 B2USDTshort | +0.0100% | 4h | 0.5047 | +0.079% | $1.6M | $2.1M | 20x | |
| Bitget B2USDT | +0.0278% | 4h | 0.5044 | +0.020% | $2.8M | $940K | 50x | as long as short |
| Binance B2USDT | +0.0316% | 4h | 0.5049 | +0.114% | $8.2M | $10.1M | 50x | as long as short |
| MEXC B2_USDT | +0.0322% | 4h | 0.5047 | +0.079% | $561K | $392K | 100x | as long as short |
| BingX B2-USDT | +0.0330% | 4h | 0.5050 | +0.139% | — | $1.3M | — | as long as short |
| Variational Omni B2 | +0.0620% | 4h | 0.5042 | −0.017% | $14K | $2K | — | as long as short |
| Aster B2USDT | +0.0727% | 4h | 0.5035 | −0.159% | $158K | $171K | 5x | as long as short |
| KuCoin B2USDTM | +0.0872% | 4h | 0.5048 | +0.099% | $1.0M | $317K | 50x | as long as short |
| Gate B2_USDTlong | +0.1978% | 4h | 0.5043 | long leg | $917K | $435K | 20x |
Bitget B2USDT
Binance B2USDT
MEXC B2_USDT
BingX B2-USDT
Variational Omni B2
Aster B2USDT
KuCoin B2USDTM