Funding you earn now, next payment 04:00 UTC+0.0304%/8h= +33.3% APRnext payment +$1.52 per $10,000 · paid last 24h +0.040%
Price spread now: Gate against Bybit−0.081%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1561.558% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now −0.081%, 7d avg +0.018%
=Funding pays, the price is against you. Gate is 0.099% cheaper against Bybit than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.018%). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.103% in total) that is about 6.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.52 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 BRUSDT | 1.1002 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $10.7M | $25.8M | 5x |
| Short | Gate BR_USDT | 1.0993 | 0.0404 | get 0.0202% / 4h | 3h 58m | $7.4M | $8.6M | 20x |
Bybit BRUSDT
Gate BR_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
- $63.84
- Price spread: −0.081% → +0.018%
- −$9.9
- Slippage, 4 orders
- −$129.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$101.82
- Costs to cover
- 1.558%
- Break-even
- 18.2 days
Slippage from Bybit: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago | 0.68 bp | 26.2 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.42 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
BR on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.1015 | +0.118% | — | $6.3M | — | as long as short |
| Bybit BRUSDTlong | +0.0100% | 4h | 1.1002 | long leg | $10.7M | $25.8M | 5x | |
| Variational Omni BR | +0.0100% | 4h | 1.0971 | −0.283% | $262K | $292K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.0975 | −0.249% | — | $711K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1014 | +0.108% | $83K | $244K | 20x | as long as short |
| KuCoin BRUSDTM | +0.0136% | 4h | 1.1011 | +0.079% | $4.7M | $5.4M | 30x | as long as short |
| Bitget BRUSDT | +0.0344% | 4h | 1.1014 | +0.106% | $8.0M | $12.5M | 10x | as long as short |
| Aster BRUSDT | +0.0349% | 4h | 1.0999 | −0.026% | $676K | $2.9M | 5x | as long as short |
| Gate BR_USDTshort | +0.0404% | 4h | 1.0993 | −0.081% | $7.4M | $8.6M | 20x | |
| Binance BRUSDT | +0.1182% | 4h | 1.1020 | +0.161% | $52.8M | $161.8M | 25x | as long as short |
BingX BR-USDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
KuCoin BRUSDTM
Bitget BRUSDT
Aster BRUSDT
Binance BRUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BR_USDT | +0.1182% | 4h | 1.1014 | +0.111% | $15.1M | $7.3M | 100x | as long as short |
MEXC BR_USDT