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: BingX against Gate−0.505%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as 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)+0.729%+$73 · spread now −0.505%, 7d avg +0.032%
=Funding pays, the price is against you. BingX is 0.538% cheaper against Gate than usual: you would sell low and buy high (spread −0.505% now, against its 7-day average of +0.032%). If the spread goes back, that is −$54 on $10k: about 5.7 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.064% in total) that is about 59 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 | Gate BB_USDT | 0.009100 | 0.0100 | pay 0.0050% / 4h | 57m 42s | $136K | $226K | 50x |
| Short | BingX BB-USDT | 0.009054 | 0.0414 | get 0.0207% / 4h | 57m 42s | — | $1.3M | — |
Gate BB_USDT
BingX BB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $65.94
- Price spread: −0.505% → +0.032%
- −$53.76
- Slippage, 4 orders
- −$266.75
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$279.57
- Costs to cover
- 2.918%
- Break-even
- 36.7 days
Slippage from Gate: live order book, 59 min ago; BingX: 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 Gate live order book, 59 min ago | 16.44 bp | 128.0 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 6.07 bp | 39.3 bp −$39 | 117.2 bp −$1,172 | 499.7 bp −$50.0K | 796.3 bp −$398.1K |
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 | 0.009053 | −0.514% | $12K | $13K | 5x | as long as short |
| Binance BBUSDT | +0.0100% | 4h | 0.009046 | −0.593% | $3.3M | $6.8M | 50x | as long as short |
| Gate BB_USDTlong | +0.0100% | 4h | 0.009100 | long leg | $136K | $226K | 50x | |
| MEXC BB_USDT | +0.0100% | 4h | 0.009046 | −0.593% | $1.4M | $567K | 100x | as long as short |
| KuCoin BBUSDTM | +0.0100% | 4h | 0.009060 | −0.440% | $447K | $91K | 50x | as long as short |
| Bitget BBUSDT | +0.0100% | 4h | 0.009040 | −0.659% | $325K | $473K | 50x | as long as short |
| Bybit BBUSDT | +0.0363% | 4h | 0.009056 | −0.484% | $688K | $792K | 25x | as long as short |
| BingX BB-USDTshort | +0.0414% | 4h | 0.009054 | −0.505% | — | $1.3M | — | |
| Kraken Futures PF_BBUSD | +0.1460% | 1h | 0.009054 | −0.508% | $21K | $3K | 10x | as long as short |
Aster BBUSDT
Binance BBUSDT
MEXC BB_USDT
KuCoin BBUSDTM
Bitget BBUSDT
Bybit BBUSDT
Kraken Futures PF_BBUSD