Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against Gate−0.028%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$880.882% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.028%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7030 | 0.0100 | pay 0.0050% / 4h | 49m 07s | $1.7M | $1.9M | 75x |
| Short | Bybit ETHFIUSDT | 0.7028 | 0.0100 | get 0.0050% / 4h | 49m 07s | $17.6M | $12.6M | 25x |
Gate ETHFI_USDT
Bybit ETHFIUSDTFunding 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
- $0
- Price spread: −0.028% → −0.008%
- −$2.06
- Slippage, 4 orders
- −$62.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$90.3
- Costs to cover
- 0.882%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 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, 3 min ago | 3.55 bp | 31.8 bp −$32 | 228.8 bp −$2,288 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.71 bp | 18.4 bp −$18 | 41.8 bp −$418 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0603% | 1h | 0.7027 | −0.043% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0209% | 4h | 0.7025 | −0.071% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0121% | 4h | 0.7021 | −0.128% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.987% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7033 | +0.045% | $262K | $213K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0068% | 8h | 0.7029 | −0.011% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7035 | +0.071% | $1.1M | $878K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7030 | −0.003% | $17.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7033 | +0.043% | $180K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7024 | −0.085% | $24.5M | $35.5M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7028 | −0.028% | $17.6M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7034 | +0.057% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7030 | long leg | $1.7M | $1.9M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7024 | −0.085% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7031 | +0.014% | $1.2M | $242K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7028 | −0.028% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7027 | −0.043% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7039 | +0.132% | $1.0M | $699K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7044 | +0.195% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7034 | +0.057% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7021 | −0.125% | $95K | $378K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7025 | −0.071% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7023 | −0.100% | $1.2M | $243K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7074 | +0.626% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX