Funding you earn now, next payment 00:00 UTC+0.0269%/8h= +29.5% APRnext payment +$1.35 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against Gate−0.496%7-day average −0.414% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,266as in the Price arb table
costs, in and out, $10k−$1,25812.578% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.496%, 7d avg −0.414%
=Funding pays, the price is against you. Binance is 0.081% cheaper against Gate than usual: you would sell low and buy high (spread −0.496% now, against its 7-day average of −0.414%). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.121% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 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 ARX_USDT | 0.2018 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $1.0M | $428K | 20x |
| Short | Binance ARXUSDT | 0.2008 | 0.0369 | get 0.0185% / 4h | 1h 49m | $5.5M | $11.0M | 20x |
Gate ARX_USDT
Binance ARXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $56.54
- Price spread: −0.496% → −0.414%
- −$8.12
- Slippage, 4 orders
- −$1,232.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,209.37
- Costs to cover
- 12.578%
- Break-even
- 156.7 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 5 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, 2 min ago | 9.91 bp | 793.9 bp −$794 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.48 bp | 33.2 bp −$33 | 306.2 bp −$3,062 | doesn't fit | doesn't fit |
ARX on 10 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 ARX-USDT | +0.0090% | 4h | 0.2010 | −0.396% | $236K | $51K | 20x | as long as short |
| Gate ARX_USDTlong | +0.0100% | 4h | 0.2018 | long leg | $1.0M | $428K | 20x | |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2008 | −0.481% | $714K | $661K | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0126% | 4h | 0.2010 | −0.396% | $714K | $2.9M | 20x | as long as short |
| Bybit ARXUSDT | +0.0195% | 4h | 0.2010 | −0.396% | $4.0M | $2.3M | 20x | as long as short |
| Bitget ARXUSDT | +0.0240% | 4h | 0.2011 | −0.347% | $1.9M | $1.7M | 20x | as long as short |
| Binance ARXUSDTshort | +0.0369% | 4h | 0.2008 | −0.496% | $5.5M | $11.0M | 20x | |
| MEXC ARX_USDT | +0.0380% | 4h | 0.2007 | −0.545% | $862K | $400K | 20x | as long as short |
| BingX ARX-USDT | +0.0388% | 4h | 0.2009 | −0.446% | — | $1.7M | — | as long as short |
| Aster ARXUSDT | +0.0658% | 4h | 0.2010 | −0.385% | $101K | $72K | 10x | as long as short |
BloFin ARX-USDT
KuCoin ARXUSDTM
OKX ARX-USDT-SWAP
Bybit ARXUSDT
Bitget ARXUSDT
MEXC ARX_USDT
BingX ARX-USDT
Aster ARXUSDT