Funding you earn now, next payment 00:00 UTC−0.1654%/8h= −181.1% APRnext payment −$8.27 per $10,000 · paid last 24h −0.160%
Price spread now: Gate against Binance+0.323%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$452as in the Funding arb table
Net, price: spread back to 7d avg − costs−$465as in the Price arb table
costs, in and out, $10k−$4824.824% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 7 days−0.196%−$20 · spread now +0.323%, 7d avg +0.146%
=The price spread pays, funding is against you. Gate is 0.178% dearer against Binance than usual: you sell high and buy low (spread +0.323% now, against its 7-day average of +0.146%): +$18 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.308%, 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 0.308% in total (about 16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.27 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 | Binance BULLAUSDT | 0.1064 | 0.1754 | pay 0.0877% / 4h | 1h 50m | $11.6M | $9.2M | 10x |
| Short | Gate BULLA_USDT | 0.1067 | 0.0100 | get 0.0050% / 4h | 1h 50m | $1.3M | $232K | 10x |
Binance BULLAUSDT
Gate BULLA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$347.29
- Price spread: +0.323% → +0.146%
- $17.78
- Slippage, 4 orders
- −$457.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$811.94
- Costs to cover
- 4.824%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 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 Binance live order book, 5 min ago | 0.47 bp | 29.7 bp −$30 | 351.2 bp −$3,512 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.96 bp | 157.1 bp −$157 | doesn't fit | doesn't fit | doesn't fit |
BULLA on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BULLA_USDTshort | +0.0100% | 4h | 0.1067 | +0.323% | $1.3M | $232K | 10x | |
| Aster BULLAUSDT | +0.0548% | 4h | 0.1063 | −0.064% | $6.0M | $1.0M | 5x | as long as short |
| BingX BULLA-USDT | +0.1674% | 4h | 0.1064 | +0.015% | — | $6.6M | — | as long as short |
| Binance BULLAUSDTlong | +0.1754% | 4h | 0.1064 | long leg | $11.6M | $9.2M | 10x | |
| MEXC BULLA_USDT | +0.1760% | 4h | 0.1063 | −0.023% | $7.7M | $419K | 20x | as long as short |
Aster BULLAUSDT
BingX BULLA-USDT
MEXC BULLA_USDT