Futures ↔ futures: a long and a short on two exchanges
GILD: long Gate, short Bybit
Now
The GILD long opens on Gate at 157.30, the short on Bybit at 158.06. The price difference (basis) is 0.48%; taker fees for opening and closing both legs are 0.22%; after them 0.26%: +$2.63 per $1,000.
The pair's funding is 0.000% per 8 hours (negative: the pair pays).
Data as of 2026-10-25 00:52 UTC. On the free plan data is a minute older; paid plans get real time. This text is always a minute older; the live view below refreshes every 5 seconds.
Transfer and fees
No coins move between the exchanges: both legs open in place and close together.
Verdict
The engine's verdict: “Avoid”. Reasons: under $20 at the best price; a stock, index, commodity or currency while its market is shut (weekend, holiday, early close): the gap is a bet on the reopening, not an arbitrage; a stock or commodity: prices diverge outside market hours; wide-leg; close-spread; the exchange reports no 24h volume: nothing says anyone trades there.
History
The spread on Gate → Bybit has been open continuously for 51 min 45 s (since 2026-10-25 00:00 UTC) and has not closed in that time.
About this page
This page is one route: the prices of two exchanges, the spread before and after fees, the profit by the order books, the coin transfer status, a verdict and the spread's history. Below are the live chart for 6 hours, 24 hours, 7 and 30 days, both exchanges' order books and the trade step by step. A spread after fees is not the profit: the books' depth, the withdrawal fee and the time the coins are in transit all count.