Funding you earn now, next payment 04:00 UTC−0.0314%/8h= −34.4% APRnext payment −$1.57 per $10,000 · paid last 24h −0.036%
Price spread now: Gate against BingX+0.419%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$298as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2922.918% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.642%−$64 · spread now +0.419%, 7d avg −0.032%
=The price spread pays, funding is against you. Gate is 0.451% dearer against BingX than usual: you sell high and buy low (spread +0.419% now, against its 7-day average of −0.032%): +$45 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.064% in total) that is about 50 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 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 BB-USDT | 0.009062 | 0.0414 | pay 0.0207% / 4h | 58m 09s | — | $1.3M | — |
| Short | Gate BB_USDT | 0.009100 | 0.0100 | get 0.0050% / 4h | 58m 09s | $136K | $226K | 50x |
BingX BB-USDT
Gate BB_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
- −$65.94
- Price spread: +0.419% → −0.032%
- $45.14
- Slippage, 4 orders
- −$266.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$312.55
- Costs to cover
- 2.918%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 58 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, 2 min ago | 6.07 bp | 34.7 bp −$35 | 126.0 bp −$1,260 | 651.4 bp −$65.1K | 1029.9 bp −$514.9K |
| Sell Gate live order book, 58 min ago | 16.44 bp | 89.6 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
BB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BBUSDT | +0.0100% | 4h | 0.009068 | +0.066% | $12K | $13K | 5x | as long as short |
| Binance BBUSDT | +0.0100% | 4h | 0.009057 | −0.054% | $3.3M | $6.8M | 50x | as long as short |
| Gate BB_USDTshort | +0.0100% | 4h | 0.009100 | +0.419% | $136K | $226K | 50x | |
| MEXC BB_USDT | +0.0100% | 4h | 0.009059 | −0.033% | $1.4M | $567K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009060 | −0.022% | $447K | $91K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.009060 | −0.022% | $325K | $473K | 50x | as long as short |
| Bybit BBUSDT | +0.0363% | 4h | 0.009065 | +0.033% | $689K | $792K | 25x | as long as short |
| BingX BB-USDTlong | +0.0414% | 4h | 0.009062 | long leg | — | $1.3M | — | |
| Kraken Futures PF_BBUSD | +0.1460% | 1h | 0.009054 | −0.091% | $21K | $3K | 10x | as long as short |
Aster BBUSDT
Binance BBUSDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
Bybit BBUSDT
Kraken Futures PF_BBUSD