Funding you earn now, next payment 00:00 UTC−0.1587%/8h= −173.7% APRnext payment −$7.93 per $10,000 · paid last 24h −0.207%
Price spread now: Gate against Bybit−0.157%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,057as in the Price arb table
costs, in and out, $10k−$2,04120.410% of the position
Funding, last 7 days−0.613%−$61 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.157%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Gate is 0.160% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.613% in total (about -31.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.93 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 | Bybit RIVERUSDT | 1.2710 | 0.1687 | pay 0.0843% / 4h | 2h 27m | $3.8M | $1.7M | 25x |
| Short | Gate RIVER_USDT | 1.2690 | 0.0100 | get 0.0050% / 4h | 2h 27m | $421K | $108K | 20x |
Bybit RIVERUSDT
Gate RIVER_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$333.2
- Price spread: −0.157% → +0.002%
- −$15.97
- Slippage, 4 orders
- −$2,014.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,390.16
- Costs to cover
- 20.410%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 57 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, 5 min ago | 7.89 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 57 min ago | 7.90 bp | 456.7 bp −$457 | doesn't fit | doesn't fit | doesn't fit |
RIVER 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2700 | −0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2690 | −0.157% | $2.0M | $3.8M | 20x | as long as short |
| Gate RIVER_USDTshort | +0.0100% | 4h | 1.2690 | −0.157% | $421K | $108K | 20x | |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2680 | −0.236% | $2.4M | $2.0M | 50x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2650 | −0.472% | $2K | $942K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2680 | −0.236% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0136% | 4h | 1.2690 | −0.157% | $3.0M | $1.9M | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0212% | 4h | 1.2674 | −0.286% | $31K | $429K | 10x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0480% | 1h | 1.2689 | −0.162% | $56K | $59K | 10x | as long as short |
| Aster RIVERUSDT | +0.0556% | 4h | 1.2664 | −0.364% | $73K | $31K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
GRVT RIVER_USDT_Perp
Kraken Futures PF_RIVERUSD
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0590% | 4h | 1.2700 | −0.079% | $3.5M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0590% | 4h | 1.2700 | −0.079% | $6.0M | $10.3M | 50x | as long as short |
| BloFin RIVER-USDT | +0.0619% | 4h | 1.2680 | −0.236% | $421K | $35K | 50x | as long as short |
| Variational Omni RIVER | +0.1139% | 4h | 1.2674 | −0.280% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1644% | 4h | 1.2700 | −0.079% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTlong | +0.1687% | 4h | 1.2710 | long leg | $3.8M | $1.7M | 25x |
MEXC RIVER_USDT
Binance RIVERUSDT
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT