Settings8H · net · $10k
Funding arb · Price arb /

BOT

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Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BOT_USDT29.3600get 0.0000% / 8h4h 50m$257K$229K20x
ShortBybit BOTUSDT29.290−0.2361pay 0.2361% / 8h4h 50m$500K$677K25x

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

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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 53 min ago35.73 bp149.6 bp −$150doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 48 min ago5.11 bp61.6 bp −$62199.9 bp −$1,999doesn't fitdoesn't fit

BOT on 12 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BOT-USD−0.4954%1h29.330−0.102%$3K$10K5xas long as short
Bybit BOTUSDTshort−0.2361%8h29.290−0.238%$500K$677K25x
OKX BOT-USDT-SWAP−0.2249%8h29.330−0.102%$235K$252K20xas long as short
KuCoin BOTUSDTM−0.2069%8h29.320−0.136%$89K$628K20xas long as short
Binance BOTUSDT−0.1587%8h29.320−0.136%$466K$1.2M10xas long as short
Variational Omni BOT−0.1446%8h29.297−0.214%$36K$24Kas long as short
QFEX BOT-USD−0.0080%1h29.300−0.204%$1.2M$495K10xas long as short
tradeXYZ xyz:BOT−0.0062%1h29.269−0.310%$3.0M$792K10xas long as short
Gate BOT_USDTlong0.0000%8h29.360long leg$257K$229K20x
Bitget BOTUSDT0.0000%8h29.310−0.170%$243K$131K5xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BOT+0.0032%1h29.376+0.054%$67K$1K3xas long as short
HTX BOT-USDT+0.0100%8h29.344−0.054%$3K$36K10xas long as short