Funding you earn now, next payment 00:00 UTC+0.0720%/8h= +78.8% APRnext payment +$3.60 per $10,000 · paid last 24h +0.178%
Price spread now: Binance against Gate+0.075%7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2282.278% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now +0.075%, 7d avg +0.188%
=Funding pays, the price is against you. Binance is 0.113% cheaper against Gate than usual: you would sell low and buy high (spread +0.075% now, against its 7-day average of +0.188%). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.351% in total) that is about 2.3 days.
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 +$3.60 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 B_USDT | 0.2026 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $3.4M | $602K | 20x |
| Short | Binance BUSDT | 0.2028 | 0.0820 | get 0.0410% / 4h | 1h 02m | $11.7M | $2.0M | 20x |
Gate B_USDT
Binance BUSDTFunding 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
- $151.15
- Price spread: +0.075% → +0.188%
- −$11.29
- Slippage, 4 orders
- −$202.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$87.94
- Costs to cover
- 2.278%
- Break-even
- 11.1 days
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 8 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, 1 min ago | 9.87 bp | 115.9 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 4.95 bp | 26.6 bp −$27 | 210.6 bp −$2,106 | 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_USDTlong | +0.0100% | 4h | 0.2026 | long leg | $3.4M | $602K | 20x | |
| KuCoin BUSDTM | +0.0176% | 4h | 0.2026 | −0.010% | $1.9M | $71K | 10x | as long as short |
| Bybit BUSDT | +0.0642% | 4h | 0.2023 | −0.143% | $1.8M | $971K | 13x | as long as short |
| BloFin B-USDT | +0.0801% | 4h | 0.2025 | −0.049% | $593K | $39K | 20x | as long as short |
| Extended B-USD | +0.0816% | 1h | 0.2027 | +0.056% | $15K | $117K | 5x | as long as short |
| Binance BUSDTshort | +0.0820% | 4h | 0.2028 | +0.075% | $11.7M | $2.0M | 20x | |
| MEXC B_USDT | +0.0822% | 4h | 0.2027 | +0.049% | $974K | $353K | 100x | as long as short |
| edgeX BUSDC | +0.0825% | 4h | 0.2024 | −0.105% | $3K | $391K | 5x | as long as short |
| BingX B-USDT | +0.1156% | 4h | 0.2028 | +0.099% | — | $1.2M | — | as long as short |
| Bitget BUSDT | +0.1216% | 4h | 0.2024 | −0.099% | $2.7M | $229K | 10x | as long as short |
KuCoin BUSDTM
Bybit BUSDT
BloFin B-USDT
Extended B-USD
MEXC B_USDT
edgeX BUSDC
BingX B-USDT
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 | −0.173% | $1.9M | $210K | 5x | as long as short |
Aster BUSDT