Funding you earn now, next payment 04:00 UTC−0.0594%/8h= −65.0% APRpaid last 24h −0.140%
Price spread now: Gate against Binance−0.137%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1301.301% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 4 days (all we have)+0.321%+$32 · spread now −0.137%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.037% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.291% in total (about -15.2% 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 | Binance BTRUSDT | 0.05026 | 0.0729 | pay 0.0364% / 4h | 1h 20m | $5.3M | $4.0M | 10x |
| Short | Gate BTR_USDT | 0.05019 | 0.0135 | get 0.0135% / 8h | 5h 20m | $730K | $283K | 20x |
Binance BTRUSDT
Gate BTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$124.66
- Price spread: −0.137% → −0.100%
- −$3.68
- Slippage, 4 orders
- −$105.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$258.48
- Costs to cover
- 1.301%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, 41 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 Binance live order book, 3 min ago | 1.99 bp | 21.8 bp −$22 | 320.0 bp −$3,200 | doesn't fit | doesn't fit |
| Sell Gate live order book, 41 min ago | 7.92 bp | 41.7 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
BTR 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 BTRUSDT | +0.0100% | 4h | 0.05026 | +0.003% | $3.1M | $1.1M | 25x | as long as short |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.05011 | −0.296% | $1.4M | $190K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05026 | +0.003% | $11K | $312K | 10x | as long as short |
| Gate BTR_USDTshort | +0.0135% | 8h | 0.05019 | −0.137% | $730K | $283K | 20x | |
| BingX BTR-USDT | +0.0698% | 4h | 0.05025 | −0.017% | — | $6.6M | — | as long as short |
| Aster BTRUSDT | +0.0712% | 4h | 0.05018 | −0.156% | $89K | $12K | 5x | as long as short |
| MEXC BTR_USDT | +0.0728% | 4h | 0.05025 | −0.017% | $1.5M | $153K | 20x | as long as short |
| Binance BTRUSDTlong | +0.0729% | 4h | 0.05026 | long leg | $5.3M | $4.0M | 10x |
Bybit BTRUSDT
KuCoin BTRUSDTM
HTX BTR-USDT
BingX BTR-USDT
Aster BTRUSDT
MEXC BTR_USDT