Funding you earn now, next payment 08:00 UTC+0.0606%/8h= +66.4% APRnext payment +$3.03 per $10,000 · paid last 24h +0.020%
Price spread now: BingX against Gate−0.099%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$358as in the Price arb table
costs, in and out, $10k−$3443.441% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.099%, 7d avg +0.040%
=Funding pays, the price is against you. BingX is 0.138% cheaper against Gate than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.040%). If the spread goes back, that is −$14 on $10k: about 18 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.020% in total) that is about 49 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.03 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 ACT_USDT | 0.01115 | 0.0260 | pay 0.0130% / 4h | 3h 34m | $159K | $93K | 25x |
| Short | BingX ACT-USDT | 0.01114 | 0.0866 | get 0.0433% / 4h | 3h 34m | — | $1.3M | — |
Gate ACT_USDT
BingX ACT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $127.26
- Price spread: −0.099% → +0.040%
- −$13.82
- Slippage, 4 orders
- −$319.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$230.63
- Costs to cover
- 3.441%
- Break-even
- 19.7 days
Slippage from Gate: live order book, 11 min ago; BingX: 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, 11 min ago | 9.00 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 5.40 bp | 33.0 bp −$33 | 188.0 bp −$1,880 | 680.6 bp −$68.1K | 1093.4 bp −$546.7K |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDT | +0.0100% | 4h | 0.01113 | −0.170% | $2.1M | $2.3M | 10x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01114 | −0.135% | $6.5M | $114K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01114 | −0.090% | $268K | $85K | 10x | as long as short |
| OKX ACT-USDT-SWAP | +0.0158% | 4h | 0.01114 | −0.063% | $797K | $1.4M | 10x | as long as short |
| Gate ACT_USDTlong | +0.0260% | 4h | 0.01115 | long leg | $159K | $93K | 25x | |
| BingX ACT-USDTshort | +0.0866% | 4h | 0.01114 | −0.099% | — | $1.3M | — | |
| Bybit ACTUSDT | +0.0939% | 4h | 0.01116 | +0.054% | $633K | $439K | 25x | as long as short |
Binance ACTUSDT
MEXC ACT_USDT
Bitget ACTUSDT
OKX ACT-USDT-SWAP
Bybit ACTUSDT