Funding you earn now, next payment 12:00 UTC+0.0545%/8h= +59.7% APRpaid last 24h +0.111%
Price spread now: BingX against Gate+0.139%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1211.213% of the position
Funding, last 7 days+0.319%+$32 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.139%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.039% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.100%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.319% in total (about 16.6% 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 | Gate BTR_USDT | 0.05051 | 0.0485 | pay 0.0485% / 8h | 7h 40m | $722K | $292K | 20x |
| Short | BingX BTR-USDT | 0.05058 | 0.1030 | get 0.0515% / 4h | 3h 40m | — | $6.6M | — |
Gate BTR_USDT
BingX BTR-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
- $114.45
- Price spread: +0.139% → +0.100%
- $3.88
- Slippage, 4 orders
- −$96.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$2.93
- Costs to cover
- 1.213%
- Break-even
- 7.2 days
Slippage from Gate: live order book, 56 min ago; BingX: live order book, 11 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, 56 min ago | 9.95 bp | 38.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.96 bp | 14.9 bp −$15 | 72.6 bp −$726 | 938.9 bp −$93.9K | 1308.8 bp −$654.4K |
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 | 0.05054 | +0.059% | $3.2M | $1.1M | 25x | as long as short |
| KuCoin BTRUSDTM | +0.0100% | 4h | 0.05044 | −0.139% | $1.4M | $169K | 10x | as long as short |
| HTX BTR-USDT | +0.0100% | 4h | 0.05065 | +0.277% | $11K | $313K | 10x | as long as short |
| Gate BTR_USDTlong | +0.0485% | 8h | 0.05051 | long leg | $722K | $292K | 20x | |
| Aster BTRUSDT | +0.0868% | 4h | 0.05045 | −0.119% | $91K | $12K | 5x | as long as short |
| BingX BTR-USDTshort | +0.1030% | 4h | 0.05058 | +0.139% | — | $6.6M | — | |
| MEXC BTR_USDT | +0.1092% | 4h | 0.05056 | +0.099% | $1.6M | $173K | 20x | as long as short |
| Binance BTRUSDT | +0.1093% | 4h | 0.05058 | +0.141% | $5.3M | $4.1M | 10x | as long as short |
Bybit BTRUSDT
KuCoin BTRUSDTM
HTX BTR-USDT
Aster BTRUSDT
MEXC BTR_USDT
Binance BTRUSDT