Funding you earn now, next payment 00:00 UTC−0.0468%/8h= −51.2% APRnext payment −$2.34 per $10,000 · paid last 24h −0.046%
Price spread now: BingX against Gate−0.165%7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1271.268% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 7 days+0.265%+$26 · spread now −0.165%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and BingX is 0.255% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.090%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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 BR_USDT | 1.1350 | 0.0548 | pay 0.0274% / 4h | 2h 17m | $7.5M | $8.5M | 20x |
| Short | BingX BR-USDT | 1.1331 | 0.0080 | get 0.0040% / 4h | 2h 17m | — | $6.3M | — |
Gate BR_USDT
BingX BR-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
- −$98.28
- Price spread: −0.165% → +0.090%
- −$25.49
- Slippage, 4 orders
- −$101.84
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$250.62
- Costs to cover
- 1.268%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 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, 1 min ago | 5.47 bp | 42.0 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 3.18 bp | 12.0 bp −$12 | 36.9 bp −$369 | 311.2 bp −$31.1K | 893.8 bp −$446.9K |
BR on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDTshort | +0.0080% | 4h | 1.1331 | −0.165% | — | $6.3M | — | |
| Variational Omni BR | +0.0100% | 4h | 1.1332 | −0.153% | $270K | $330K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1347 | −0.023% | — | $682K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1381 | +0.278% | $87K | $238K | 20x | as long as short |
| Bybit BRUSDT | +0.0100% | 4h | 1.1357 | +0.062% | $11.1M | $25.8M | 5x | as long as short |
| KuCoin BRUSDTM | +0.0416% | 4h | 1.1359 | +0.078% | $5.0M | $5.5M | 30x | as long as short |
| Gate BR_USDTlong | +0.0548% | 4h | 1.1350 | long leg | $7.5M | $8.5M | 20x | |
| Aster BRUSDT | +0.0612% | 4h | 1.1336 | −0.115% | $704K | $2.7M | 5x | as long as short |
| Bitget BRUSDT | +0.0820% | 4h | 1.1377 | +0.242% | $8.3M | $12.7M | 10x | as long as short |
| MEXC BR_USDT | +0.1128% | 4h | 1.1374 | +0.219% | $15.6M | $7.5M | 100x | as long as short |
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
Bybit BRUSDT
KuCoin BRUSDTM
Aster BRUSDT
Bitget BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.1147% | 4h | 1.1377 | +0.242% | $54.4M | $163.9M | 25x | as long as short |
Binance BRUSDT