Funding you earn now, next payment 04:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.123%
Price spread now: Gate against BingX−0.120%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1471.466% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.120%, 7d avg −0.098%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.022% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.277% in total (about -14.4% 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 | BingX BTR-USDT | 0.05009 | 0.0640 | pay 0.0320% / 4h | 32m 00s | — | $6.5M | — |
| Short | Gate BTR_USDT | 0.05003 | 0.0238 | get 0.0238% / 8h | 4h 32m | $728K | $289K | 20x |
BingX BTR-USDT
Gate BTR_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
- −$84.42
- Price spread: −0.120% → −0.098%
- −$2.19
- Slippage, 4 orders
- −$121.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$233.22
- Costs to cover
- 1.466%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Gate: live order book, 25 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, 4 min ago | 2.00 bp | 18.6 bp −$19 | 84.5 bp −$845 | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 5.97 bp | 53.0 bp −$53 | 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 | 0.05005 | −0.080% | $3.1M | $1.1M | 25x | as long as short |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.04994 | −0.299% | $1.4M | $191K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05012 | +0.060% | $11K | $313K | 10x | as long as short |
| Gate BTR_USDTshort | +0.0238% | 8h | 0.05003 | −0.120% | $728K | $289K | 20x | |
| BingX BTR-USDTlong | +0.0640% | 4h | 0.05009 | long leg | — | $6.5M | — | |
| Aster BTRUSDT | +0.0690% | 4h | 0.05010 | +0.027% | $89K | $12K | 5x | as long as short |
| MEXC BTR_USDT | +0.0698% | 4h | 0.05008 | −0.020% | $1.5M | $152K | 20x | as long as short |
| Binance BTRUSDT | +0.0704% | 4h | 0.05003 | −0.120% | $5.3M | $4.0M | 10x | as long as short |
Bybit BTRUSDT
KuCoin BTRUSDTM
HTX BTR-USDT
Aster BTRUSDT
MEXC BTR_USDT
Binance BTRUSDT