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Funding arb · Price arb /

BTW

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.2201%/8h= −241.0% APRnext payment −$11.00 per $10,000 · paid last 24h +0.138%
Price spread now: Gate against Bybit+0.001%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2732.728% of the position
Long on BybitShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.393%+$39 on $10k
Price spread, last 7 days+0.009%+$1 · spread now +0.001%, 7d avg −0.075%
Together, before fees+0.402%+$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.076% dearer against Bybit than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.075%): +$8 on $10k if it goes back. Holding the pair costs −$66 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.393%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.393% in total (about 20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTWUSDT0.81710.2781pay 0.1390% / 4h1h 31m$15.3M$37.4M10x
ShortGate BTW_USDT0.81710.0580get 0.0290% / 4h1h 31m$3.6M$15.7M10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$462.11
Price spread: +0.001% → −0.075%
$7.56
Slippage, 4 orders
−$246.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$727.32
Costs to cover
2.728%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago7.11 bp94.4 bp −$94doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago8.61 bp46.3 bp −$4672.4 bp −$724528.4 bp −$52.8Kdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h0.8240+0.845%$202K$766K10xas long as short
Gate BTW_USDTshort+0.0580%4h0.8171+0.001%$3.6M$15.7M10x
Aster BTWUSDT+0.1425%4h0.8192+0.249%$2.3M$2.7M5xas long as short
KuCoin BTWUSDTM+0.1490%4h0.8171−0.004%$7.5M$4.7M10xas long as short
Bitget BTWUSDT+0.1620%4h0.8192+0.255%$25.9M$13.1M5xas long as short
edgeX BTWUSDC+0.1747%4h0.8212+0.504%$338K$498K10xas long as short
Extended BTW-USD+0.1760%1h0.8200+0.355%$39K$13K5xas long as short
Binance BTWUSDT+0.1762%4h0.8190+0.228%$114.1M$164.2M10xas long as short
MEXC BTW_USDT+0.1762%4h0.8181+0.119%$10.2M$6.0M20xas long as short
BingX BTW-USDT+0.2688%4h0.8183+0.143%—$4.4M—as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDTlong+0.2781%4h0.8171long leg$15.3M$37.4M10x