Funding you earn now, next payment 00:00 UTC−0.2312%/8h= −253.2% APRnext payment −$11.56 per $10,000 · paid last 24h +0.010%
Price spread now: Gate against BingX−0.456%7-day average −0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1591.590% of the position
Funding, last 7 days+0.460%+$46 on $10k
+Price spread, last 7 days+0.331%+$33 · spread now −0.456%, 7d avg −0.197%
=Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and Gate is 0.259% cheaper against BingX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.197%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.460%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.460% in total (about 24.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.56 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 | BingX BTW-USDT | 0.8743 | 0.2918 | pay 0.1459% / 4h | 1h 56m | — | $4.4M | — |
| Short | Gate BTW_USDT | 0.8703 | 0.0606 | get 0.0303% / 4h | 1h 56m | $3.9M | $15.4M | 10x |
Funding 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
- −$485.52
- Price spread: −0.456% → −0.197%
- −$25.92
- Slippage, 4 orders
- −$133.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$670.4
- Costs to cover
- 1.590%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: 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 BingX live order book, 8 min ago | 3.44 bp | 25.7 bp −$26 | 77.2 bp −$772 | 718.0 bp −$71.8K | doesn't fit |
| Sell Gate live order book, 2 min ago | 5.98 bp | 61.0 bp −$61 | 76.9 bp −$769 | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8700 | −0.486% | $213K | $763K | 10x | as long as short |
| Gate BTW_USDTshort | +0.0606% | 4h | 0.8703 | −0.456% | $3.9M | $15.4M | 10x | |
| Aster BTWUSDT | +0.1479% | 4h | 0.8725 | −0.200% | $2.4M | $2.6M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1526% | 4h | 0.8735 | −0.095% | $8.0M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1610% | 4h | 0.8749 | +0.065% | $27.7M | $12.8M | 5x | as long as short |
| MEXC BTW_USDT | +0.1796% | 4h | 0.8742 | −0.011% | $11.3M | $5.9M | 20x | as long as short |
| Binance BTWUSDT | +0.1800% | 4h | 0.8739 | −0.046% | $122.0M | $160.8M | 10x | as long as short |
| Extended BTW-USD | +0.1800% | 1h | 0.8721 | −0.255% | $42K | $13K | 5x | as long as short |
| edgeX BTWUSDC | +0.1804% | 4h | 0.8718 | −0.288% | $359K | $495K | 10x | as long as short |
| BingX BTW-USDTlong | +0.2918% | 4h | 0.8743 | long leg | — | $4.4M | — |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3195% | 4h | 0.8734 | −0.098% | $16.2M | $36.5M | 10x | as long as short |
BingX BTW-USDT
Gate BTW_USDT
HTX BTW-USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
Bybit BTWUSDT