Funding you earn now, next payment 00:00 UTC−0.1840%/8h= −201.5% APRnext payment −$9.20 per $10,000 · paid last 24h −0.153%
Price spread now: Gate against BingX+0.335%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$414as in the Price arb table
costs, in and out, $10k−$4354.347% of the position
Funding, last 7 days+0.449%+$45 on $10k
+Price spread, last 7 days−0.185%−$19 · spread now +0.335%, 7d avg +0.126%
=The price spread pays, funding is against you. Gate is 0.209% dearer against BingX than usual: you sell high and buy low (spread +0.335% now, against its 7-day average of +0.126%): +$21 on $10k if it goes back. Holding the pair costs −$55 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 +0.449%, 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 0.449% in total (about 23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.20 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 BULLA-USDT | 0.1062 | 0.1950 | pay 0.0975% / 4h | 34m 01s | — | $6.6M | — |
| Short | Gate BULLA_USDT | 0.1065 | 0.0110 | get 0.0055% / 4h | 34m 01s | $1.3M | $258K | 10x |
BingX BULLA-USDT
Gate BULLA_USDTFunding 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
- −$386.4
- Price spread: +0.335% → +0.126%
- $20.89
- Slippage, 4 orders
- −$409.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$800.24
- Costs to cover
- 4.347%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago | 2.36 bp | 25.4 bp −$25 | 137.2 bp −$1,372 | 1201.7 bp −$120.2K | 1443.3 bp −$721.7K |
| Sell Gate live order book, 3 min ago | 1.50 bp | 130.7 bp −$131 | 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 | +0.0110% | 4h | 0.1065 | +0.335% | $1.3M | $258K | 10x | |
| Aster BULLAUSDT | +0.0897% | 4h | 0.1060 | −0.131% | $5.9M | $1.1M | 5x | as long as short |
| BingX BULLA-USDTlong | +0.1950% | 4h | 0.1062 | long leg | — | $6.6M | — | |
| MEXC BULLA_USDT | +0.2056% | 4h | 0.1062 | −0.019% | $7.7M | $419K | 20x | as long as short |
| Binance BULLAUSDT | +0.2061% | 4h | 0.1062 | −0.010% | $11.6M | $9.2M | 10x | as long as short |
Aster BULLAUSDT
MEXC BULLA_USDT
Binance BULLAUSDT