Funding you earn now, next payment 04:00 UTC−0.0522%/8h= −57.2% APRnext payment −$2.61 per $10,000 · paid last 24h −0.009%
Price spread now: Bitget against Gate+0.027%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$825as in the Funding arb table
Net, price: spread back to 7d avg − costs−$793as in the Price arb table
costs, in and out, $10k−$7917.908% of the position
Funding, last 7 days−0.345%−$35 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.027%, 7d avg +0.047%
=The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$16 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 -0.345% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.61 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 | 0.1467 | 0.0722 | pay 0.0361% / 4h | 1h 19m | $691K | $182K | 25x |
| Short | Bitget APRUSDT | 0.1467 | 0.0200 | get 0.0100% / 4h | 1h 19m | $3.9M | $956K | 50x |
Gate APR_USDT
Bitget APRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$109.62
- Price spread: +0.027% → +0.047%
- −$1.98
- Slippage, 4 orders
- −$763.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$902.4
- Costs to cover
- 7.908%
- Break-even
- never at this rate
Slippage from Gate: live order book, 42 min ago; Bitget: live order book, 3 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, 42 min ago | 13.19 bp | 516.8 bp −$517 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 8.85 bp | 32.2 bp −$32 | 135.0 bp −$1,350 | 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 APRUSDT | +0.0100% | 4h | 0.1469 | +0.132% | $6.7M | $5.3M | 50x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1467 | 0.000% | $362K | $175K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1468 | +0.068% | $2K | $1.1M | 20x | as long as short |
| BloFin APR-USDT | +0.0106% | 4h | 0.1471 | +0.273% | $289K | $106K | 50x | as long as short |
| Bybit APRUSDT | +0.0121% | 4h | 0.1470 | +0.184% | $1.4M | $664K | 20x | as long as short |
| Bitget APRUSDTshort | +0.0200% | 4h | 0.1467 | +0.027% | $3.9M | $956K | 50x | |
| HTX APR-USDT | +0.0227% | 4h | 0.1471 | +0.273% | $19K | $58K | 20x | as long as short |
| BingX APR-USDT | +0.0386% | 4h | 0.1468 | +0.068% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAP | +0.0425% | 4h | 0.1470 | +0.204% | $1.3M | $2.5M | 20x | as long as short |
| Gate APR_USDTlong | +0.0722% | 4h | 0.1467 | long leg | $691K | $182K | 25x |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
BloFin APR-USDT
Bybit APRUSDT
HTX APR-USDT
BingX APR-USDT
OKX APR-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0816% | 4h | 0.1466 | −0.062% | $71K | $100K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0920% | 4h | 0.1469 | +0.150% | $2.4M | $348K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM