Funding you earn now, next payment 00:00 UTC−0.1056%/8h= −115.6% APRnext payment −$5.28 per $10,000 · paid last 24h −0.170%
Price spread now: Gate against BingX−0.197%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$2902.896% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days+0.132%+$13 · spread now −0.197%, 7d avg −0.106%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Gate is 0.091% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.360% in total (about -18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.28 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 B-USDT | 0.2028 | 0.1156 | pay 0.0578% / 4h | 1h 02m | — | $1.2M | — |
| Short | Gate B_USDT | 0.2024 | 0.0100 | get 0.0050% / 4h | 1h 02m | $3.4M | $601K | 20x |
BingX B-USDT
Gate B_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
- −$221.76
- Price spread: −0.197% → −0.106%
- −$9.11
- Slippage, 4 orders
- −$264.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$520.49
- Costs to cover
- 2.896%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Gate: 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 BingX live order book, 7 min ago | 34.67 bp | 55.4 bp −$55 | 154.2 bp −$1,542 | 856.3 bp −$85.6K | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.96 bp | 133.8 bp −$134 | 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 | 0.2024 | −0.197% | $3.4M | $601K | 20x | |
| KuCoin BUSDTM | +0.0176% | 4h | 0.2026 | −0.108% | $1.9M | $71K | 10x | as long as short |
| Bybit BUSDT | +0.0642% | 4h | 0.2023 | −0.242% | $1.8M | $971K | 13x | as long as short |
| BloFin B-USDT | +0.0801% | 4h | 0.2025 | −0.148% | $593K | $39K | 20x | as long as short |
| Binance BUSDT | +0.0820% | 4h | 0.2028 | −0.021% | $11.7M | $2.0M | 20x | as long as short |
| MEXC B_USDT | +0.0822% | 4h | 0.2027 | −0.049% | $974K | $353K | 100x | as long as short |
| Extended B-USD | +0.0824% | 1h | 0.2027 | −0.040% | $15K | $117K | 5x | as long as short |
| edgeX BUSDC | +0.0825% | 4h | 0.2024 | −0.203% | $3K | $391K | 5x | as long as short |
| BingX B-USDTlong | +0.1156% | 4h | 0.2028 | long leg | — | $1.2M | — | |
| Bitget BUSDT | +0.1216% | 4h | 0.2024 | −0.197% | $2.7M | $229K | 10x | as long as short |
KuCoin BUSDTM
Bybit BUSDT
BloFin B-USDT
Binance BUSDT
MEXC B_USDT
Extended B-USD
edgeX BUSDC
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1382% | 4h | 0.2022 | −0.279% | $1.9M | $210K | 5x | as long as short |
Aster BUSDT