Funding you earn now, next payment 08:00 UTC−0.0164%/8h= −17.9% APRnext payment −$1.64 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against Gate−0.182%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1941.941% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.182%, 7d avg −0.120%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.062% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.120%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CORE_USDT | 0.02199 | −0.0005 | get 0.0005% / 8h | 3h 31m | $160K | $170K | 25x |
| Short | Bybit COREUSDT | 0.02195 | −0.0169 | pay 0.0169% / 8h | 3h 31m | $1.4M | $980K | 20x |
Gate CORE_USDT
Bybit COREUSDTFunding 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
- −$34.39
- Price spread: −0.182% → −0.120%
- −$6.16
- Slippage, 4 orders
- −$168.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$234.61
- Costs to cover
- 1.941%
- Break-even
- never at this rate
Slippage from Gate: live order book, 14 min ago; Bybit: live order book, 4 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, 14 min ago | 11.34 bp | 60.9 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.84 bp | 31.3 bp −$31 | 293.0 bp −$2,930 | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0336% | 8h | 0.02191 | −0.359% | $8K | $1K | — | as long as short |
| Bybit COREUSDTshort | −0.0169% | 8h | 0.02195 | −0.182% | $1.4M | $980K | 20x | |
| Gate CORE_USDTlong | −0.0005% | 8h | 0.02199 | long leg | $160K | $170K | 25x | |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02204 | +0.227% | $1.7M | $4.3M | 20x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02204 | +0.227% | $825K | $217K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02202 | +0.136% | — | $1.3M | — | as long as short |
Variational Omni CORE
OKX CORE-USDT-SWAP
MEXC CORE_USDT
BingX CORE-USDT