Funding you earn now, next payment 00:00 UTC−0.1825%/8h= −199.9% APRnext payment −$9.13 per $10,000 · paid last 24h −0.140%
Price spread now: Binance against Gate−0.165%7-day average +0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1551.554% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.547%+$55 · spread now −0.165%, 7d avg +0.117%
=Both sides work against this trade now: funding costs −$55 a day on $10k at the current rate, and Binance is 0.282% cheaper against Gate than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.117%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.110%, 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 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.13 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 B2_USDT | 0.4930 | 0.2728 | pay 0.1364% / 4h | 1h 57m | $864K | $440K | 20x |
| Short | Binance B2USDT | 0.4922 | 0.0902 | get 0.0451% / 4h | 1h 57m | $7.9M | $13.1M | 50x |
Gate B2_USDT
Binance B2USDTFunding 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
- −$383.36
- Price spread: −0.165% → +0.117%
- −$28.24
- Slippage, 4 orders
- −$130.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$567.03
- Costs to cover
- 1.554%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; Binance: live order book, 13 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, 24 min ago | 9.07 bp | 62.9 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.04 bp | 25.9 bp −$26 | 142.1 bp −$1,421 | doesn't fit | doesn't fit |
B2 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC B2_USDT | +0.0894% | 4h | 0.4921 | −0.183% | $557K | $537K | 100x | as long as short |
| Binance B2USDTshort | +0.0902% | 4h | 0.4922 | −0.165% | $7.9M | $13.1M | 50x | |
| Aster B2USDT | +0.1015% | 4h | 0.4916 | −0.282% | $154K | $187K | 5x | as long as short |
| Bybit B2USDT | +0.1244% | 4h | 0.4923 | −0.142% | $1.5M | $2.8M | 20x | as long as short |
| BingX B2-USDT | +0.1450% | 4h | 0.4923 | −0.142% | — | $1.4M | — | as long as short |
| Bitget B2USDT | +0.1540% | 4h | 0.4917 | −0.264% | $2.7M | $1.4M | 50x | as long as short |
| Variational Omni B2 | +0.1826% | 4h | 0.4907 | −0.460% | $14K | $2K | — | as long as short |
| KuCoin B2USDTM | +0.2026% | 4h | 0.4917 | −0.264% | $1.0M | $317K | 50x | as long as short |
| Gate B2_USDTlong | +0.2728% | 4h | 0.4930 | long leg | $864K | $440K | 20x |
MEXC B2_USDT
Aster B2USDT
Bybit B2USDT
BingX B2-USDT
Bitget B2USDT
Variational Omni B2
KuCoin B2USDTM