Funding you earn now, next payment 08:00 UTC−0.1199%/8h= −131.3% APRnext payment −$11.99 per $10,000 · paid last 24h −0.053%
Price spread now: Binance against Gate+0.055%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1571.572% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.055%, 7d avg −0.067%
=The price spread pays, funding is against you. Binance is 0.122% dearer against Gate than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.067%): +$12 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.388% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.388% in total (about -20.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.99 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 BEL_USDT | 0.1265 | 0.1299 | pay 0.1299% / 8h | 7h 43m | $113K | $43K | 10x |
| Short | Binance BELUSDT | 0.1266 | 0.0100 | get 0.0100% / 8h | 7h 43m | $2.0M | $1.4M | 10x |
Gate BEL_USDT
Binance BELUSDTFunding 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
- −$251.79
- Price spread: +0.055% → −0.067%
- $12.18
- Slippage, 4 orders
- −$132.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$396.8
- Costs to cover
- 1.572%
- Break-even
- never at this rate
Slippage from Gate: live order book, 21 min ago; Binance: live order book, 5 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, 21 min ago | 8.69 bp | 53.4 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.19 bp | 29.9 bp −$30 | 174.8 bp −$1,748 | doesn't fit | doesn't fit |
BEL 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BELUSD | −0.0776% | 1h | 0.1277 | +0.942% | $9K | $10K | 10x | as long as short |
| Aster BELUSDT | +0.0100% | 8h | 0.1264 | −0.091% | $11K | $3K | 5x | as long as short |
| Binance BELUSDTshort | +0.0100% | 8h | 0.1266 | +0.055% | $2.0M | $1.4M | 10x | |
| Bybit BELUSDT | +0.0100% | 8h | 0.1266 | +0.071% | $237K | $129K | 10x | as long as short |
| MEXC BEL_USDT | +0.0100% | 8h | 0.1266 | +0.055% | $158K | $90K | 50x | as long as short |
| KuCoin BELUSDTM | +0.0100% | 8h | 0.1265 | −0.032% | $59K | $17K | 10x | as long as short |
| Variational Omni BEL | +0.0100% | 8h | 0.1264 | −0.114% | $3K | $11 | — | as long as short |
| Gate BEL_USDTlong | +0.1299% | 8h | 0.1265 | long leg | $113K | $43K | 10x |
Kraken Futures PF_BELUSD
Aster BELUSDT
Bybit BELUSDT
MEXC BEL_USDT
KuCoin BELUSDTM
Variational Omni BEL