Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bybit against Gate−0.027%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1811.809% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.027%, 7d avg +0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.062% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ME_USDT | 0.07370 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $203K | $65K | 50x |
| Short | Bybit MEUSDT | 0.07368 | 0.0100 | get 0.0050% / 4h | 2h 27m | $1.5M | $626K | 25x |
Gate ME_USDT
Bybit MEUSDTFunding 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: −0.027% → +0.035%
- −$6.24
- Slippage, 4 orders
- −$154.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$187.14
- Costs to cover
- 1.809%
- Break-even
- never at this rate
Slippage from Gate: live order book, 56 min ago; Bybit: live order book, 3 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, 56 min ago | 6.74 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.75 bp | 42.7 bp −$43 | 201.6 bp −$2,016 | doesn't fit | doesn't fit |
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07372 | +0.027% | $232K | $99K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07371 | +0.009% | $17K | $11K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07372 | +0.029% | $2.1M | $3.8M | 50x | as long as short |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07368 | −0.027% | $1.5M | $626K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07375 | +0.068% | $469K | $980K | 20x | as long as short |
| Gate ME_USDTlong | +0.0100% | 8h | 0.07370 | long leg | $203K | $65K | 50x | |
| MEXC ME_USDT | +0.0100% | 4h | 0.07372 | +0.027% | $496K | $127K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07376 | +0.081% | $206K | $26K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07372 | +0.027% | $638K | $416K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07369 | −0.014% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
OKX ME-USDT-SWAP
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07366 | −0.059% | $11K | $1K | — | as long as short |
| BloFin ME-USDT | +0.0150% | 4h | 0.07369 | −0.014% | $109K | $8K | 50x | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07368 | −0.031% | $26K | — | 15x | as long as short |
Variational Omni ME
BloFin ME-USDT
Reya MERUSDPERP