Funding you earn now, next payment 04:00 UTC−0.0572%/8h= −62.6% APRnext payment −$2.86 per $10,000 · paid last 24h −0.019%
Price spread now: Bitget against Gate−0.311%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2182.175% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.311%, 7d avg −0.063%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.248% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.140%, 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 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.86 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 C_USDT | 0.08043 | 0.0672 | pay 0.0336% / 4h | 6m 40s | $328K | $485K | 20x |
| Short | Bitget CUSDT | 0.08018 | 0.0100 | get 0.0050% / 4h | 6m 40s | $455K | $1.0M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$120.12
- Price spread: −0.311% → −0.063%
- −$24.82
- Slippage, 4 orders
- −$190.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$362.45
- Costs to cover
- 2.175%
- Break-even
- never at this rate
Slippage from Gate: live order book, 49 min ago; Bitget: live order book, 4 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, 49 min ago | 5.60 bp | 74.1 bp −$74 | 9327.3 bp −$93.3K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.50 bp | 33.9 bp −$34 | 267.3 bp −$2,673 | doesn't fit | doesn't fit |
C on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CUSDT | +0.0100% | 4h | 0.08016 | −0.332% | $32K | $100K | 5x | as long as short |
| Binance CUSDT | +0.0100% | 4h | 0.08023 | −0.249% | $6.6M | $11.6M | 50x | as long as short |
| MEXC C_USDT | +0.0100% | 4h | 0.08022 | −0.261% | $214K | $200K | 50x | as long as short |
| KuCoin CUSDTM | +0.0100% | 4h | 0.08005 | −0.472% | $644K | $137K | 25x | as long as short |
| Bitget CUSDTshort | +0.0100% | 4h | 0.08018 | −0.311% | $455K | $1.0M | 20x | |
| Variational Omni C | +0.0100% | 4h | 0.07997 | −0.572% | $616 | $7K | — | as long as short |
| Gate C_USDTlong | +0.0672% | 4h | 0.08043 | long leg | $328K | $485K | 20x | |
| BingX C-USDT | +0.0984% | 4h | 0.08025 | −0.224% | — | $2.4M | — | as long as short |
| Bybit CUSDT | +0.1052% | 4h | 0.08024 | −0.236% | $1.1M | $1.7M | 13x | as long as short |
Gate C_USDT
Bitget CUSDT
Aster CUSDT
Binance CUSDT
MEXC C_USDT
KuCoin CUSDTM
Variational Omni C
BingX C-USDT
Bybit CUSDT