Funding you earn now, next payment 04:00 UTC−0.0960%/8h= −105.1% APRnext payment −$4.80 per $10,000 · paid last 24h −0.125%
Price spread now: Gate against Bitget−0.146%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 7 days+0.169%+$17 · spread now −0.146%, 7d avg −0.094%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.053% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.094%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.80 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 | Bitget BUSDT | 0.2048 | 0.1124 | pay 0.0562% / 4h | 2h 51m | $2.8M | $251K | 10x |
| Short | Gate B_USDT | 0.2045 | 0.0164 | get 0.0082% / 4h | 2h 51m | $3.5M | $619K | 20x |
Bitget BUSDT
Gate B_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$201.6
- Price spread: −0.146% → −0.094%
- −$5.26
- Slippage, 4 orders
- −$103.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$337.21
- Costs to cover
- 1.304%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 2 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 Bitget live order book, 1 min ago | 4.88 bp | 26.3 bp −$26 | 365.2 bp −$3,652 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.33 bp | 40.1 bp −$40 | 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 | +0.0164% | 4h | 0.2045 | −0.146% | $3.5M | $619K | 20x | |
| KuCoin BUSDTM | +0.0706% | 4h | 0.2047 | −0.034% | $1.9M | $71K | 10x | as long as short |
| MEXC B_USDT | +0.0764% | 4h | 0.2046 | −0.098% | $991K | $356K | 100x | as long as short |
| Binance BUSDT | +0.0768% | 4h | 0.2048 | −0.023% | $11.8M | $2.0M | 20x | as long as short |
| Extended B-USD | +0.0768% | 1h | 0.2047 | −0.025% | $15K | $222K | 5x | as long as short |
| edgeX BUSDC | +0.0787% | 4h | 0.2047 | −0.050% | $3K | $390K | 5x | as long as short |
| BloFin B-USDT | +0.0793% | 4h | 0.2045 | −0.146% | $607K | $39K | 20x | as long as short |
| Bybit BUSDT | +0.0911% | 4h | 0.2045 | −0.161% | $1.7M | $960K | 13x | as long as short |
| BingX B-USDT | +0.1070% | 4h | 0.2046 | −0.098% | — | $1.3M | — | as long as short |
| Bitget BUSDTlong | +0.1124% | 4h | 0.2048 | long leg | $2.8M | $251K | 10x |
KuCoin BUSDTM
MEXC B_USDT
Binance BUSDT
Extended B-USD
edgeX BUSDC
BloFin B-USDT
Bybit BUSDT
BingX B-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1506% | 4h | 0.2047 | −0.041% | $1.9M | $213K | 5x | as long as short |
Aster BUSDT