APR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0932%/8h= +102.1% APRnext payment +$4.66 per $10,000 · paid last 24h +0.079%

Price spread now: Gate against Binance−0.063%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$637as in the Funding arb table

Net, price: spread back to 7d avg − costs−$685as in the Price arb table

costs, in and out, $10k−$6896.892% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.527%+$53 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.063%, 7d avg −0.101%

Together, before fees+0.557%+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Gate is 0.038% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.101%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.527% in total (about 27.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.66 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	Binance APRUSDT	0.1482	0.0100	pay 0.0050% / 4h	2h 40m	$6.7M	$5.1M	50x
Short	Gate APR_USDT	0.1481	0.1032	get 0.0516% / 4h	2h 40m	$700K	$204K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.063%Rate

Funding earned: $195.72
Price spread: −0.063% → −0.101%: $3.81
Slippage, 4 orders: −$664.2
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$489.67
Costs to cover: 6.892%
Break-even: 24.5 days

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 6 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 Binance live order book, 14 min ago	3.37 bp	31.5 bp −$31	222.4 bp −$2,224	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	10.82 bp	371.0 bp −$371	doesn't fit	doesn't fit	doesn't fit

APR on 12 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 APRUSDTlong	+0.0100%	4h	0.1482	long leg	$6.7M	$5.1M	50x
MEXC APR_USDT	+0.0100%	4h	0.1481	−0.063%	$371K	$174K	50x	as long as short
SunX APR-USDT	+0.0100%	4h	0.1483	+0.045%	$1K	$1.1M	20x	as long as short
HTX APR-USDT	+0.0100%	4h	0.1486	+0.274%	$19K	$44K	20x	as long as short
BloFin APR-USDT	+0.0136%	4h	0.1486	+0.274%	$290K	$111K	50x	as long as short
Bitget APRUSDT	+0.0196%	4h	0.1482	+0.025%	$4.0M	$995K	50x	as long as short
Bybit APRUSDT	+0.0215%	4h	0.1482	+0.004%	$1.4M	$631K	20x	as long as short
BingX APR-USDT	+0.0410%	4h	0.1482	+0.004%	—	$1.4M	—	as long as short
OKX APR-USDT-SWAP	+0.0444%	4h	0.1483	+0.072%	$1.3M	$2.5M	20x	as long as short
Aster APRUSDT	+0.0793%	4h	0.1479	−0.169%	$72K	$80K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin APRUSDTM	+0.0870%	4h	0.1482	−0.009%	$2.4M	$343K	50x	as long as short
Gate APR_USDTshort	+0.1032%	4h	0.1481	−0.063%	$700K	$204K	25x