GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0702%/8h= −76.9% APRnext payment −$3.51 per $10,000 · paid last 24h −0.107%

Price spread now: Bybit against Gate+0.325%7-day average +0.185% · you sell dearer than you buy

Net, funding: paid 7d − costs−$791as in the Funding arb table

Net, price: spread back to 7d avg − costs−$763as in the Price arb table

costs, in and out, $10k−$7777.773% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.325%, 7d avg +0.185%

Together, before fees−0.330%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.140% dearer against Gate than usual: you sell high and buy low (spread +0.325% now, against its 7-day average of +0.185%): +$14 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.142% in total) that is about 6.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.51 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 GWEI_USDT	0.02369	0.0802	pay 0.0401% / 4h	3h 56m	$404K	$578K	10x
Short	Bybit GWEIUSDT	0.02377	0.0100	get 0.0050% / 4h	3h 56m	$400K	$286K	25x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.325%Rate

Funding earned: −$147.42
Price spread: +0.325% → +0.185%: $13.95
Slippage, 4 orders: −$751.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$910.73
Costs to cover: 7.773%
Break-even: never at this rate

Slippage from Gate: live order book, 40 min ago; Bybit: live order book, 33 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, 40 min ago	6.36 bp	62.4 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 33 min ago	4.24 bp	204.0 bp −$204	doesn't fit	doesn't fit	doesn't fit

GWEI 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
Bybit GWEIUSDTshort	+0.0100%	4h	0.02377	+0.325%	$400K	$286K	25x
Variational Omni GWEI	+0.0100%	4h	0.02374	+0.206%	$5K	$1K	—	as long as short
BloFin GWEI-USDT	+0.0245%	4h	0.02373	+0.156%	$165K	$43K	50x	as long as short
MEXC GWEI_USDT	+0.0292%	4h	0.02374	+0.198%	$129K	$91K	20x	as long as short
Extended GWEI-USD	+0.0304%	1h	0.02372	+0.097%	$6K	$219K	5x	as long as short
Binance GWEIUSDT	+0.0304%	4h	0.02374	+0.212%	$2.5M	$5.5M	50x	as long as short
KuCoin GWEIUSDTM	+0.0598%	4h	0.02373	+0.139%	$468K	$36K	20x	as long as short
Gate GWEI_USDTlong	+0.0802%	4h	0.02369	long leg	$404K	$578K	10x
BingX GWEI-USDT	+0.0810%	4h	0.02373	+0.156%	—	$1.6M	—	as long as short
Bitget GWEIUSDT	+0.0840%	4h	0.02373	+0.156%	$2.0M	$495K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1333%	4h	0.02373	+0.156%	$19K	$32K	10x	as long as short