PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1629%/8h= −178.4% APRnext payment −$8.14 per $10,000 · paid last 24h −0.307%

Price spread now: Bybit against Gate−0.008%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$500as in the Funding arb table

Net, price: spread back to 7d avg − costs−$441as in the Price arb table

costs, in and out, $10k−$4434.434% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.566%−$57 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now −0.008%, 7d avg −0.028%

Together, before fees−0.826%−$83 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$49 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.566% in total (about -29.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.14 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 PTB_USDT	0.001218	0.1776	pay 0.0888% / 4h	2h 28m	$2.0M	$7.6M	25x
Short	Bybit PTBUSDT	0.001217	0.0147	get 0.0074% / 4h	2h 28m	$2.0M	$27.2M	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 −0.008%Rate

Funding earned: −$342.06
Price spread: −0.008% → −0.028%: $1.94
Slippage, 4 orders: −$417.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$783.52
Costs to cover: 4.434%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	11.19 bp	94.1 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.53 bp	150.9 bp −$151	571.8 bp −$5,718	doesn't fit	doesn't fit

PTB on 10 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 PTB	+0.0100%	4h	0.001217	−0.041%	$26K	$55K	—	as long as short
Bybit PTBUSDTshort	+0.0147%	4h	0.001217	−0.008%	$2.0M	$27.2M	25x
BingX PTB-USDT	+0.0784%	4h	0.001219	+0.090%	—	$2.6M	—	as long as short
Aster PTBUSDT	+0.0867%	4h	0.001217	−0.074%	$74K	$1.0M	5x	as long as short
Extended kPTB-USD	+0.0888%	1h	0.001219	+0.144%	$4K	$45K	5x	as long as short
MEXC PTB_USDT	+0.0890%	4h	0.001219	+0.090%	$438K	$1.2M	20x	as long as short
Binance PTBUSDT	+0.0892%	4h	0.001219	+0.099%	$9.0M	$183.5M	20x	as long as short
BloFin PTB-USDT	+0.0944%	4h	0.001220	+0.189%	$520K	$1.0M	20x	as long as short
KuCoin PTBUSDTM	+0.1282%	4h	0.001217	−0.025%	$1.9M	$8.6M	20x	as long as short
Gate PTB_USDTlong	+0.1776%	4h	0.001218	long leg	$2.0M	$7.6M	25x