Funding you earn now, next payment 00:00 UTC+0.2208%/8h= +241.8% APRnext payment +$11.04 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Gate−0.467%7-day average +0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$1611.610% of the position
Funding, last 7 days−0.460%−$46 on $10k
+Price spread, last 7 days+0.593%+$59 · spread now −0.467%, 7d avg +0.197%
=Funding pays, the price is against you. BingX is 0.664% cheaper against Gate than usual: you would sell low and buy high (spread −0.467% now, against its 7-day average of +0.197%). If the spread goes back, that is −$66 on $10k: about 24 hours of funding at the current rate (+$66 a day). Mind the row above: over the last 7 days funding on this pair cost −0.460%, so the current rate has only just turned in your favour.
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 +$11.04 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 | Gate BTW_USDT | 0.8704 | 0.0392 | pay 0.0196% / 4h | 2h 17m | $3.8M | $15.3M | 10x |
| Short | BingX BTW-USDT | 0.8663 | 0.2600 | get 0.1300% / 4h | 2h 17m | — | $4.4M | — |
Gate BTW_USDT
BingX BTW-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
- $463.68
- Price spread: −0.467% → +0.197%
- −$66.42
- Slippage, 4 orders
- −$136.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $236.21
- Costs to cover
- 1.610%
- Break-even
- 3.4 days
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 13 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, 1 min ago | 10.74 bp | 39.3 bp −$39 | 112.6 bp −$1,126 | 702.6 bp −$70.3K | doesn't fit |
| Sell BingX live order book, 13 min ago | 5.00 bp | 18.1 bp −$18 | 108.0 bp −$1,080 | 677.0 bp −$67.7K | 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 | 0.8786 | +0.950% | $214K | $765K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0392% | 4h | 0.8704 | long leg | $3.8M | $15.3M | 10x | |
| KuCoin BTWUSDTM | +0.1384% | 4h | 0.8689 | −0.173% | $8.0M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1476% | 4h | 0.8699 | −0.049% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1592% | 4h | 0.8667 | −0.421% | $27.4M | $12.8M | 5x | as long as short |
| MEXC BTW_USDT | +0.1820% | 4h | 0.8688 | −0.180% | $11.3M | $6.0M | 20x | as long as short |
| Extended BTW-USD | +0.1824% | 1h | 0.8684 | −0.224% | $42K | $13K | 5x | as long as short |
| Binance BTWUSDT | +0.1826% | 4h | 0.8642 | −0.704% | $120.8M | $159.6M | 10x | as long as short |
| edgeX BTWUSDC | +0.1846% | 4h | 0.8571 | −1.528% | $353K | $497K | 10x | as long as short |
| BingX BTW-USDTshort | +0.2600% | 4h | 0.8663 | −0.467% | — | $4.4M | — |
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
MEXC BTW_USDT
Extended BTW-USD
Binance BTWUSDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2798% | 4h | 0.8630 | −0.846% | $16.2M | $36.1M | 10x | as long as short |
Bybit BTWUSDT