Funding you earn now, next payment 12:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.51 per $10,000 · paid last 24h +0.042%
Price spread now: Gate against Bitget−0.123%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$553as in the Funding arb table
Net, price: spread back to 7d avg − costs−$598as in the Price arb table
costs, in and out, $10k−$5915.911% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.123%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.070% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.380%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget APRUSDT | 0.1458 | 0.0202 | pay 0.0101% / 4h | 3h 05m | $3.9M | $975K | 50x |
| Short | Gate APR_USDT | 0.1456 | 0.0100 | get 0.0050% / 4h | 3h 05m | $696K | $200K | 25x |
Bitget APRUSDT
Gate APR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$21.42
- Price spread: −0.123% → −0.054%
- −$6.97
- Slippage, 4 orders
- −$564.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$619.47
- Costs to cover
- 5.911%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 26 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 Bitget live order book, 3 min ago | 8.90 bp | 28.9 bp −$29 | 396.9 bp −$3,969 | doesn't fit | doesn't fit |
| Sell Gate live order book, 26 min ago | 15.09 bp | 318.1 bp −$318 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0097% | 4h | 0.1457 | −0.082% | $284K | $113K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1458 | −0.019% | $6.6M | $4.8M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1457 | −0.048% | $1.4M | $589K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0100% | 4h | 0.1458 | −0.014% | $1.2M | $2.4M | 20x | as long as short |
| Gate APR_USDTshort | +0.0100% | 4h | 0.1456 | −0.123% | $696K | $200K | 25x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1459 | +0.055% | $371K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1462 | +0.267% | $2K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1464 | +0.398% | $19K | $35K | 20x | as long as short |
| Bitget APRUSDTlong | +0.0202% | 4h | 0.1458 | long leg | $3.9M | $975K | 50x | |
| BingX APR-USDT | +0.0222% | 4h | 0.1458 | −0.014% | — | $1.3M | — | as long as short |
BloFin APR-USDT
Binance APRUSDT
Bybit APRUSDT
OKX APR-USDT-SWAP
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BingX APR-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0559% | 4h | 0.1458 | −0.010% | $70K | $74K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0804% | 4h | 0.1458 | 0.000% | $2.4M | $330K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM