Funding you earn now, next payment 12:00 UTC+0.0400%/8h= +43.8% APRnext payment +$2.00 per $10,000 · paid last 24h +0.065%
Price spread now: BingX against Gate−0.382%7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$1641.639% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 7 days+0.451%+$45 · spread now −0.382%, 7d avg +0.097%
=Funding pays, the price is against you. BingX is 0.479% cheaper against Gate than usual: you would sell low and buy high (spread −0.382% now, against its 7-day average of +0.097%). If the spread goes back, that is −$48 on $10k: about 4.0 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.214% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.00 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 CASHCAT_USDT | 0.1703 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $1.5M | $1.8M | 20x |
| Short | BingX CASHCAT-USDT | 0.1696 | 0.0500 | get 0.0250% / 4h | 3h 22m | — | $1.1M | — |
Gate CASHCAT_USDT
BingX CASHCAT-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
- $84
- Price spread: −0.382% → +0.097%
- −$47.88
- Slippage, 4 orders
- −$138.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$127.81
- Costs to cover
- 1.639%
- Break-even
- 17.7 days
Slippage from Gate: live order book, 5 min ago; BingX: live order book, 7 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, 5 min ago | 9.50 bp | 66.8 bp −$67 | 921.1 bp −$9,211 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 5.95 bp | 23.1 bp −$23 | 82.8 bp −$828 | 757.5 bp −$75.7K | 1251.4 bp −$625.7K |
CASHCAT on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1705 | +0.135% | $353K | $945K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1706 | +0.176% | $47.0M | $20.0M | 3x | as long as short |
| Bybit CASHCATUSDT | +0.0100% | 4h | 0.1706 | +0.223% | $12.8M | $19.2M | 10x | as long as short |
| Gate CASHCAT_USDTlong | +0.0100% | 4h | 0.1703 | long leg | $1.5M | $1.8M | 20x | |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1706 | +0.200% | $8.7M | $540K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1702 | −0.035% | $627K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1683 | −1.118% | $1.1M | $1.8M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1682 | −1.204% | $76K | $61K | 50x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0100% | 1h | 0.1700 | −0.170% | $66K | $1.3M | 3x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1703 | +0.033% | — | $2.3M | 10x | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Bybit CASHCATUSDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
Polymarket Perps CASHCAT-USD
SunX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1692 | −0.593% | $22K | $242K | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0131% | 4h | 0.1687 | −0.923% | $51K | $168K | 5x | as long as short |
| SoDEX CASHCAT-USD | +0.0210% | 1h | 0.1699 | −0.176% | $510 | $1K | 3x | as long as short |
| Lighter CASHCAT | +0.0320% | 1h | 0.1704 | +0.070% | $1.2M | $1.7M | 3x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1705 | +0.142% | $244K | $886K | 5x | as long as short |
| BingX CASHCAT-USDTshort | +0.0500% | 4h | 0.1696 | −0.382% | — | $1.1M | — | |
| OKX CASHCAT-USDT-SWAP | +0.0502% | 4h | 0.1704 | +0.088% | $1.4M | $13.0M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.0738% | 4h | 0.1704 | +0.088% | $53K | $598K | 20x | as long as short |
| Nado CASHCAT-PERP | +0.1482% | 1h | 0.1699 | −0.206% | $252K | $208K | 5x | as long as short |
| Arcus CASHCAT-USD | +0.3849% | 1h | 0.1696 | −0.372% | $105K | $312K | 5x | as long as short |
| Aster CASHCATUSDT | +0.4007% | 1h | 0.1702 | −0.010% | $551K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1712 | +0.558% | $8K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
edgeX CASHCATUSDC
SoDEX CASHCAT-USD
Lighter CASHCAT
Extended CASHCAT-USD
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Nado CASHCAT-PERP
Arcus CASHCAT-USD
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP