Funding you earn now, next payment 08:00 UTC+0.1378%/8h= +150.9% APRnext payment +$6.89 per $10,000 · paid last 24h +0.687%
Price spread now: Bybit against Gate−0.238%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2272.272% of the position
Funding, last 7 days+0.810%+$81 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.238%, 7d avg −0.097%
=Funding pays, the price is against you. Bybit is 0.141% cheaper against Gate than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.097%). If the spread goes back, that is −$14 on $10k: about 8 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.810% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.810% in total (about 42.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.89 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 SLX_USDT | 0.06720 | 0.2064 | pay 0.1032% / 4h | 3h 57m | $306K | $698K | 25x |
| Short | Bybit SLXUSDT | 0.06704 | 0.3442 | get 0.1721% / 4h | 3h 57m | $986K | $446K | 20x |
Gate SLX_USDT
Bybit SLXUSDTFunding 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
- $289.38
- Price spread: −0.238% → −0.097%
- −$14.14
- Slippage, 4 orders
- −$201.23
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $48.01
- Costs to cover
- 2.272%
- Break-even
- 5.8 days
Slippage from Gate: live order book, 59 min ago; Bybit: live order book, 8 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, 59 min ago | 7.52 bp | 51.8 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 1.51 bp | 67.0 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
SLX 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SLX-USDT | +0.0100% | 4h | 0.06718 | −0.030% | $1K | $445K | 20x | as long as short |
| KuCoin SLXUSDTM | +0.0126% | 4h | 0.06717 | −0.045% | $981K | $1.6M | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0359% | 4h | 0.06724 | +0.060% | $1.8M | $1.8M | 20x | as long as short |
| Bitget SLXUSDT | +0.0576% | 4h | 0.06719 | −0.015% | $1.0M | $295K | 20x | as long as short |
| BloFin SLX-USDT | +0.0762% | 4h | 0.06670 | −0.744% | $167K | $3K | 25x | as long as short |
| MEXC SLX_USDT | +0.0788% | 4h | 0.06720 | 0.000% | $1.8M | $221K | 20x | as long as short |
| Binance SLXUSDT | +0.0794% | 4h | 0.06728 | +0.119% | $2.6M | $3.2M | 25x | as long as short |
| Aster SLXUSDT | +0.0866% | 4h | 0.06710 | −0.153% | $15K | $30K | 10x | as long as short |
| BingX SLX-USDT | +0.1486% | 4h | 0.06719 | −0.015% | — | $1.7M | — | as long as short |
| Gate SLX_USDTlong | +0.2064% | 4h | 0.06720 | long leg | $306K | $698K | 25x |
SunX SLX-USDT
KuCoin SLXUSDTM
OKX SLX-USDT-SWAP
Bitget SLXUSDT
BloFin SLX-USDT
MEXC SLX_USDT
Binance SLXUSDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.3442% | 4h | 0.06704 | −0.238% | $986K | $446K | 20x |