Funding you earn now, next payment 04:00 UTC+0.0477%/8h= +52.2% APRnext payment +$2.39 per $10,000 · paid last 24h +0.143%
Price spread now: Binance against Gate−0.221%7-day average +0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 7 days+0.343%+$34 · spread now −0.221%, 7d avg +0.162%
=Funding pays, the price is against you. Binance is 0.383% cheaper against Gate than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of +0.162%). If the spread goes back, that is −$38 on $10k: about 2.7 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.343% in total) that is about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTW_USDT | 0.8105 | 0.0378 | pay 0.0189% / 4h | 1h 20m | $3.3M | $16.9M | 10x |
| Short | Binance BTWUSDT | 0.8088 | 0.0855 | get 0.0428% / 4h | 1h 20m | $112.5M | $174.7M | 10x |
Gate BTW_USDT
Binance BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $100.19
- Price spread: −0.221% → +0.162%
- −$38.33
- Slippage, 4 orders
- −$101.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$64.54
- Costs to cover
- 1.264%
- Break-even
- 11.5 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 8 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, 4 min ago | 7.45 bp | 41.4 bp −$41 | 149.5 bp −$1,495 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.17 bp | 23.5 bp −$23 | 138.2 bp −$1,382 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8141 | +0.441% | $7.3M | $4.8M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8180 | +0.918% | $210K | $793K | 10x | as long as short |
| Bybit BTWUSDT | +0.0307% | 4h | 0.8136 | +0.379% | $15.8M | $40.6M | 10x | as long as short |
| Gate BTW_USDTlong | +0.0378% | 4h | 0.8105 | long leg | $3.3M | $16.9M | 10x | |
| Bitget BTWUSDT | +0.0586% | 4h | 0.8084 | −0.259% | $25.4M | $14.2M | 5x | as long as short |
| BingX BTW-USDT | +0.0758% | 4h | 0.8075 | −0.376% | — | $4.4M | — | as long as short |
| edgeX BTWUSDC | +0.0776% | 4h | 0.7399 | −8.721% | $305K | $500K | 10x | as long as short |
| MEXC BTW_USDT | +0.0854% | 4h | 0.8138 | +0.401% | $9.4M | $6.3M | 20x | as long as short |
| Binance BTWUSDTshort | +0.0855% | 4h | 0.8088 | −0.221% | $112.5M | $174.7M | 10x | |
| Extended BTW-USD | +0.0856% | 1h | 0.8184 | +0.973% | $35K | $15K | 5x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Bybit BTWUSDT
Bitget BTWUSDT
BingX BTW-USDT
edgeX BTWUSDC
MEXC BTW_USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTWUSDT | +0.0957% | 4h | 0.8177 | +0.876% | $2.3M | $3.1M | 5x | as long as short |
Aster BTWUSDT