Funding you earn now, next payment 16:00 UTC−0.2361%/8h= −258.6% APRnext payment −$23.61 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against Gate−0.238%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$426as in the Funding arb table
Net, price: spread back to 7d avg − costs−$447as in the Price arb table
costs, in and out, $10k−$4374.370% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now −0.238%, 7d avg −0.140%
=Both sides work against this trade now: funding costs −$71 a day on $10k at the current rate, and Bybit is 0.099% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.140%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$23.61 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BOT_USDT | 29.360 | 0 | get 0.0000% / 8h | 4h 50m | $257K | $229K | 20x |
| Short | Bybit BOTUSDT | 29.290 | −0.2361 | pay 0.2361% / 8h | 4h 50m | $500K | $677K | 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$495.88
- Price spread: −0.238% → −0.140%
- −$9.85
- Slippage, 4 orders
- −$410.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$942.7
- Costs to cover
- 4.370%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; Bybit: live order book, 48 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, 53 min ago | 35.73 bp | 149.6 bp −$150 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 48 min ago | 5.11 bp | 61.6 bp −$62 | 199.9 bp −$1,999 | doesn't fit | doesn't fit |
BOT on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | −0.4954% | 1h | 29.330 | −0.102% | $3K | $10K | 5x | as long as short |
| Bybit BOTUSDTshort | −0.2361% | 8h | 29.290 | −0.238% | $500K | $677K | 25x | |
| OKX BOT-USDT-SWAP | −0.2249% | 8h | 29.330 | −0.102% | $235K | $252K | 20x | as long as short |
| KuCoin BOTUSDTM | −0.2069% | 8h | 29.320 | −0.136% | $89K | $628K | 20x | as long as short |
| Binance BOTUSDT | −0.1587% | 8h | 29.320 | −0.136% | $466K | $1.2M | 10x | as long as short |
| Variational Omni BOT | −0.1446% | 8h | 29.297 | −0.214% | $36K | $24K | — | as long as short |
| QFEX BOT-USD | −0.0080% | 1h | 29.300 | −0.204% | $1.2M | $495K | 10x | as long as short |
| tradeXYZ xyz:BOT | −0.0062% | 1h | 29.269 | −0.310% | $3.0M | $792K | 10x | as long as short |
| Gate BOT_USDTlong | 0.0000% | 8h | 29.360 | long leg | $257K | $229K | 20x | |
| Bitget BOTUSDT | 0.0000% | 8h | 29.310 | −0.170% | $243K | $131K | 5x | as long as short |
Show all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BOT | +0.0032% | 1h | 29.376 | +0.054% | $67K | $1K | 3x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.344 | −0.054% | $3K | $36K | 10x | as long as short |
Gate BOT_USDT
Bybit BOTUSDT
OKX BOT-USDT-SWAP
KuCoin BOTUSDTM
Binance BOTUSDT
Variational Omni BOT
tradeXYZ xyz:BOT
Bitget BOTUSDT
Lighter BOT
HTX BOT-USDT