NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.012%

Price spread now: Gate against Bybit−0.020%7-day average +0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1441.444% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.020%, 7d avg +0.139%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.159% cheaper against Bybit than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005065	0.0091	pay 0.0046% / 4h	1h 35m	$2.1M	$862K	25x
Short	Gate NOT_USDT	0.0005064	0.0100	get 0.0050% / 4h	1h 35m	$143K	$68K	50x

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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now −0.020%Rate

Funding earned: $1.79
Price spread: −0.020% → +0.139%: −$15.91
Slippage, 4 orders: −$118.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$158.47
Costs to cover: 1.444%
Break-even: 627.0 days

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 20 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 Bybit live order book, 1 min ago	4.94 bp	29.2 bp −$29	162.3 bp −$1,623	doesn't fit	doesn't fit
Sell Gate live order book, 20 min ago	7.91 bp	47.7 bp −$48	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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 NOT	−0.0335%	4h	0.0005059	−0.128%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0190%	4h	0.0005059	−0.118%	$465K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.771%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0050%	4h	0.0005062	−0.059%	$111K	$16K	50x	as long as short
Bybit NOTUSDTlong	+0.0091%	4h	0.0005065	long leg	$2.1M	$862K	25x
Lighter 1000NOT	+0.0096%	1h	0.0005080	+0.302%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.099%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005071	+0.113%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005071	+0.118%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005070	+0.099%	$633K	$653K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTshort	+0.0100%	4h	0.0005064	−0.020%	$143K	$68K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005071	+0.118%	$1.3M	$439K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005071	+0.118%	$673K	$411K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005068	+0.059%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005070	+0.091%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1952%	1h	0.0005068	+0.057%	$49K	$9K	10x	as long as short