Funding you earn now, next payment 04:00 UTC+0.0639%/8h= +69.9% APRpaid last 24h +0.141%
Price spread now: Binance against Gate+0.158%7-day average +0.252% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$341as in the Price arb table
costs, in and out, $10k−$3323.320% of the position
Funding, last 7 days+0.395%+$40 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now +0.158%, 7d avg +0.252%
=Funding pays, the price is against you. Binance is 0.094% cheaper against Gate than usual: you would sell low and buy high (spread +0.158% now, against its 7-day average of +0.252%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.395% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.395% in total (about 20.6% a year). A funding rate is set anew for every payment. 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 BAN_USDT | 0.06964 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $1.2M | $52K | 20x |
| Short | Binance BANUSDT | 0.06975 | 0.0739 | get 0.0369% / 4h | 1h 17m | $6.8M | $793K | 25x |
Gate BAN_USDT
Binance BANUSDTFunding 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
- $134.1
- Price spread: +0.158% → +0.252%
- −$9.43
- Slippage, 4 orders
- −$307
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$207.33
- Costs to cover
- 3.320%
- Break-even
- 17.8 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 6 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, 4 min ago | 12.24 bp | 192.4 bp −$192 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.59 bp | 40.0 bp −$40 | 383.6 bp −$3,836 | doesn't fit | doesn't fit |
BAN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BANUSDT | +0.0100% | 4h | 0.06964 | 0.000% | $3.0M | $285K | 13x | as long as short |
| Gate BAN_USDTlong | +0.0100% | 8h | 0.06964 | long leg | $1.2M | $52K | 20x | |
| KuCoin BANUSDTM | +0.0100% | 4h | 0.06950 | −0.201% | $318K | $15K | 20x | as long as short |
| Bitget BANUSDT | +0.0100% | 4h | 0.06974 | +0.144% | $1.1M | $63K | 25x | as long as short |
| Variational Omni BAN | +0.0100% | 4h | 0.06948 | −0.227% | $16 | — | — | as long as short |
| Aster BANUSDT | +0.0637% | 4h | 0.06960 | −0.057% | $12K | $648 | 5x | as long as short |
| MEXC BAN_USDT | +0.0698% | 4h | 0.06979 | +0.215% | $8.3M | $152K | 100x | as long as short |
| Binance BANUSDTshort | +0.0739% | 4h | 0.06975 | +0.158% | $6.8M | $793K | 25x |
Bybit BANUSDT
KuCoin BANUSDTM
Bitget BANUSDT
Variational Omni BAN
Aster BANUSDT
MEXC BAN_USDT