Funding you earn now, next payment 12:00 UTC−0.1192%/8h= −130.5% APRnext payment −$5.96 per $10,000 · paid last 24h −0.005%
Price spread now: Gate against BingX−0.248%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$886as in the Funding arb table
Net, price: spread back to 7d avg − costs−$940as in the Price arb table
costs, in and out, $10k−$9249.241% of the position
Funding, last 7 days+0.377%+$38 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.248%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Gate is 0.162% cheaper against BingX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.086%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.377%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.377% in total (about 19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.96 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 | BingX AT-USDT | 0.1571 | 0.1292 | pay 0.0646% / 4h | 3h 40m | — | $6.5M | — |
| Short | Gate AT_USDT | 0.1567 | 0.0100 | get 0.0050% / 4h | 3h 40m | $153K | $192K | 20x |
BingX AT-USDT
Gate AT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$250.32
- Price spread: −0.248% → −0.086%
- −$16.18
- Slippage, 4 orders
- −$899.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,190.63
- Costs to cover
- 9.241%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Gate: live order book, 51 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 BingX live order book, 11 min ago | 9.52 bp | 36.4 bp −$36 | 148.4 bp −$1,484 | 1181.2 bp −$118.1K | 1452.3 bp −$726.1K |
| Sell Gate live order book, 51 min ago | 8.91 bp | 536.3 bp −$536 | doesn't fit | doesn't fit | doesn't fit |
AT 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ATUSDT | +0.0100% | 4h | 0.1570 | −0.064% | $8.6M | $3.8M | 50x | as long as short |
| OKX AT-USDT-SWAP | +0.0100% | 4h | 0.1573 | +0.127% | $216K | $559K | 20x | as long as short |
| Gate AT_USDTshort | +0.0100% | 4h | 0.1567 | −0.248% | $153K | $192K | 20x | |
| MEXC AT_USDT | +0.0100% | 4h | 0.1570 | −0.064% | $238K | $164K | 50x | as long as short |
| KuCoin ATUSDTM | +0.0100% | 4h | 0.1568 | −0.191% | $255K | $161K | 50x | as long as short |
| Bitget ATUSDT | +0.0100% | 4h | 0.1572 | +0.064% | $661K | $186K | 50x | as long as short |
| BloFin AT-USDT | +0.0152% | 4h | 0.1571 | 0.000% | $362K | $8K | 50x | as long as short |
| Aster ATUSDT | +0.0260% | 4h | 0.1570 | −0.037% | $31K | $14K | 5x | as long as short |
| Bybit ATUSDT | +0.0491% | 4h | 0.1572 | +0.083% | $552K | $1.1M | 25x | as long as short |
| BingX AT-USDTlong | +0.1292% | 4h | 0.1571 | long leg | — | $6.5M | — |
Binance ATUSDT
OKX AT-USDT-SWAP
MEXC AT_USDT
KuCoin ATUSDTM
Bitget ATUSDT
BloFin AT-USDT
Aster ATUSDT
Bybit ATUSDT