Funding you earn now, next payment 08:00 UTC+0.0499%/8h= +54.6% APRnext payment +$2.49 per $10,000 · paid last 24h +0.136%
Price spread now: Bybit against Gate−0.058%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$2972.970% of the position
Funding, last 7 days+1.397%+$140 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.058%, 7d avg +0.013%
=Funding pays, the price is against you. Bybit is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.013%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate T_USDT | 0.005179 | −0.0408 | get 0.0204% / 4h | 2h 20m | $211K | $85K | 20x |
| Short | Bybit TUSDT | 0.005176 | 0.0091 | get 0.0045% / 4h | 2h 20m | $1.5M | $1.5M | 25x |
Gate T_USDT
Bybit TUSDTFunding 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
- $104.7
- Price spread: −0.058% → +0.013%
- −$7.1
- Slippage, 4 orders
- −$271.04
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$199.44
- Costs to cover
- 2.970%
- Break-even
- 20.3 days
Slippage from Gate: live order book, 21 min ago; Bybit: live order book, 1 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, 21 min ago | 6.76 bp | 106.0 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.97 bp | 38.3 bp −$38 | 355.1 bp −$3,551 | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.1722% | 1h | 0.005185 | +0.120% | $4K | $4K | 10x | as long as short |
| Gate T_USDTlong | −0.0408% | 4h | 0.005179 | long leg | $211K | $85K | 20x | |
| Binance TUSDT | −0.0040% | 4h | 0.005181 | +0.030% | $3.2M | $7.0M | 50x | as long as short |
| MEXC T_USDT | −0.0038% | 4h | 0.005180 | +0.019% | $3.1M | $227K | 20x | as long as short |
| Bitget TUSDT | −0.0030% | 4h | 0.005172 | −0.135% | $894K | $542K | 50x | as long as short |
| Variational Omni T | +0.0002% | 4h | 0.005173 | −0.124% | $7K | $6K | — | as long as short |
| Bybit TUSDTshort | +0.0091% | 4h | 0.005176 | −0.058% | $1.5M | $1.5M | 25x | |
| KuCoin TUSDTM | +0.0100% | 4h | 0.005177 | −0.039% | $1.3M | $85K | 12x | as long as short |
Kraken Futures PF_TUSD
Binance TUSDT
MEXC T_USDT
Bitget TUSDT
Variational Omni T
KuCoin TUSDTM