Funding you earn now, next payment 08:00 UTC−0.0622%/8h= −68.1% APRnext payment −$3.11 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against Gate+0.068%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$718as in the Funding arb table
Net, price: spread back to 7d avg − costs−$712as in the Price arb table
costs, in and out, $10k−$7127.124% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.068%, 7d avg +0.068%
=The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.11 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 APR_USDT | 0.1481 | 0.1032 | pay 0.0516% / 4h | 2h 40m | $700K | $204K | 25x |
| Short | BingX APR-USDT | 0.1482 | 0.0410 | get 0.0205% / 4h | 2h 40m | — | $1.4M | — |
Gate APR_USDT
BingX APR-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
- −$130.62
- Price spread: +0.068% → +0.068%
- −$0.08
- Slippage, 4 orders
- −$687.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$843.11
- Costs to cover
- 7.124%
- Break-even
- never at this rate
Slippage from Gate: live order book, 6 min ago; BingX: live order book, 1 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, 6 min ago | 10.82 bp | 262.8 bp −$263 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 10.10 bp | 41.9 bp −$42 | 140.5 bp −$1,405 | 274.6 bp −$27.5K | 1160.9 bp −$580.5K |
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 APRUSDT | +0.0100% | 4h | 0.1482 | +0.063% | $6.7M | $5.1M | 50x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1481 | 0.000% | $371K | $174K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1483 | +0.108% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1486 | +0.338% | $19K | $44K | 20x | as long as short |
| BloFin APR-USDT | +0.0136% | 4h | 0.1486 | +0.338% | $290K | $111K | 50x | as long as short |
| Bitget APRUSDT | +0.0196% | 4h | 0.1482 | +0.088% | $4.0M | $995K | 50x | as long as short |
| Bybit APRUSDT | +0.0215% | 4h | 0.1482 | +0.068% | $1.4M | $631K | 20x | as long as short |
| BingX APR-USDTshort | +0.0410% | 4h | 0.1482 | +0.068% | — | $1.4M | — | |
| OKX APR-USDT-SWAP | +0.0444% | 4h | 0.1483 | +0.135% | $1.3M | $2.5M | 20x | as long as short |
| Aster APRUSDT | +0.0793% | 4h | 0.1479 | −0.106% | $72K | $80K | 5x | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
Bitget APRUSDT
Bybit APRUSDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0870% | 4h | 0.1482 | +0.054% | $2.4M | $343K | 50x | as long as short |
| Gate APR_USDTlong | +0.1032% | 4h | 0.1481 | long leg | $700K | $204K | 25x |
KuCoin APRUSDTM