Funding you earn now, next payment 00:00 UTC+0.1500%/8h= +164.3% APRnext payment +$7.50 per $10,000 · paid last 24h +0.153%
Price spread now: BingX against Gate−0.392%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$479as in the Funding arb table
Net, price: spread back to 7d avg − costs−$461as in the Price arb table
costs, in and out, $10k−$4344.342% of the position
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 7 days+0.273%+$27 · spread now −0.392%, 7d avg −0.123%
=Funding pays, the price is against you. BingX is 0.269% cheaper against Gate than usual: you would sell low and buy high (spread −0.392% now, against its 7-day average of −0.123%). If the spread goes back, that is −$27 on $10k: about 14 hours of funding at the current rate (+$45 a day). Mind the row above: over the last 7 days funding on this pair cost −0.449%, 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 -0.449% in total (about -23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.50 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 BULLA_USDT | 0.1072 | 0.0252 | pay 0.0126% / 4h | 1h 39m | $1.3M | $233K | 10x |
| Short | BingX BULLA-USDT | 0.1068 | 0.1752 | get 0.0876% / 4h | 1h 39m | — | $6.6M | — |
Gate BULLA_USDT
BingX BULLA-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
- $315
- Price spread: −0.392% → −0.123%
- −$26.89
- Slippage, 4 orders
- −$409.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$146.14
- Costs to cover
- 4.342%
- Break-even
- 10.2 days
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 12 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, 3 min ago | 2.80 bp | 228.9 bp −$229 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 1.41 bp | 30.5 bp −$30 | 102.6 bp −$1,026 | 1030.7 bp −$103.1K | 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_USDTlong | +0.0252% | 4h | 0.1072 | long leg | $1.3M | $233K | 10x | |
| Aster BULLAUSDT | +0.0780% | 4h | 0.1068 | −0.401% | $6.0M | $1.0M | 5x | as long as short |
| BingX BULLA-USDTshort | +0.1752% | 4h | 0.1068 | −0.392% | — | $6.6M | — | |
| MEXC BULLA_USDT | +0.1972% | 4h | 0.1068 | −0.401% | $7.7M | $420K | 20x | as long as short |
| Binance BULLAUSDT | +0.1982% | 4h | 0.1068 | −0.392% | $11.6M | $9.2M | 10x | as long as short |
Aster BULLAUSDT
MEXC BULLA_USDT
Binance BULLAUSDT