Funding you earn now, next payment 00:00 UTC−0.0696%/8h= −76.2% APRnext payment −$3.48 per $10,000 · paid last 24h −0.178%
Price spread now: Gate against Binance−0.099%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1451.449% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now −0.099%, 7d avg −0.189%
=The price spread pays, funding is against you. Gate is 0.089% dearer against Binance than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.189%): +$9 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.351% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.351% in total (about -18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.48 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 | Binance BUSDT | 0.2016 | 0.0796 | pay 0.0398% / 4h | 3h 29m | $11.6M | $2.0M | 20x |
| Short | Gate B_USDT | 0.2014 | 0.0100 | get 0.0050% / 4h | 3h 29m | $3.4M | $577K | 20x |
Binance BUSDT
Gate B_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$146.08
- Price spread: −0.099% → −0.189%
- $8.94
- Slippage, 4 orders
- −$119.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$282.06
- Costs to cover
- 1.449%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Gate: live order book, 4 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 Binance live order book, 1 min ago | 2.48 bp | 22.4 bp −$22 | 350.6 bp −$3,506 | 10324.6 bp −$1.03M | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.97 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDTshort | +0.0100% | 4h | 0.2014 | −0.099% | $3.4M | $577K | 20x | |
| KuCoin BUSDTM | +0.0114% | 4h | 0.2014 | −0.114% | $1.9M | $71K | 10x | as long as short |
| Bitget BUSDT | +0.0490% | 4h | 0.2017 | +0.050% | $2.7M | $222K | 10x | as long as short |
| BloFin B-USDT | +0.0735% | 4h | 0.2015 | −0.050% | $591K | $39K | 20x | as long as short |
| MEXC B_USDT | +0.0786% | 4h | 0.2017 | +0.050% | $955K | $373K | 100x | as long as short |
| Extended B-USD | +0.0792% | 1h | 0.2018 | +0.084% | $15K | $117K | 5x | as long as short |
| edgeX BUSDC | +0.0794% | 4h | 0.2017 | +0.066% | $3K | $392K | 5x | as long as short |
| Binance BUSDTlong | +0.0796% | 4h | 0.2016 | long leg | $11.6M | $2.0M | 20x | |
| Bybit BUSDT | +0.0868% | 4h | 0.2014 | −0.104% | $1.8M | $886K | 13x | as long as short |
| BingX B-USDT | +0.0908% | 4h | 0.2018 | +0.099% | — | $1.2M | — | as long as short |
KuCoin BUSDTM
Bitget BUSDT
BloFin B-USDT
MEXC B_USDT
Extended B-USD
edgeX BUSDC
Bybit BUSDT
BingX B-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1307% | 4h | 0.2018 | +0.099% | $1.9M | $189K | 5x | as long as short |
Aster BUSDT