Funding you earn now, next payment 12:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.029%
Price spread now: Binance against Gate−0.421%7-day average −0.223% · you buy dearer than you sell
Net, funding: paid 7d − costs−$721as in the Funding arb table
Net, price: spread back to 7d avg − costs−$708as in the Price arb table
costs, in and out, $10k−$6886.878% of the position
Funding, last 7 days−0.334%−$33 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.421%, 7d avg −0.223%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.198% cheaper against Gate than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.223%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CLO_USDT | 0.06441 | 0.0178 | pay 0.0178% / 8h | 6h 21m | $484K | $904K | 20x |
| Short | Binance CLOUSDT | 0.06414 | 0.0100 | get 0.0050% / 4h | 2h 21m | $4.1M | $5.8M | 10x |
Gate CLO_USDT
Binance CLOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$16.38
- Price spread: −0.421% → −0.223%
- −$19.76
- Slippage, 4 orders
- −$662.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$723.91
- Costs to cover
- 6.878%
- Break-even
- never at this rate
Slippage from Gate: live order book, 28 min ago; Binance: live order book, 9 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, 28 min ago | 14.28 bp | 150.7 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.75 bp | 59.4 bp −$59 | 349.6 bp −$3,496 | doesn't fit | doesn't fit |
CLO on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CLO-USDT | +0.0090% | 4h | 0.06427 | −0.217% | $261K | $72K | 10x | as long as short |
| Binance CLOUSDTshort | +0.0100% | 4h | 0.06414 | −0.421% | $4.1M | $5.8M | 10x | |
| Bybit CLOUSDT | +0.0100% | 4h | 0.06414 | −0.419% | $731K | $925K | 20x | as long as short |
| MEXC CLO_USDT | +0.0100% | 4h | 0.06410 | −0.481% | $558K | $150K | 50x | as long as short |
| KuCoin CLOUSDTM | +0.0100% | 4h | 0.06412 | −0.450% | $984K | $12.4M | 10x | as long as short |
| BingX CLO-USDT | +0.0100% | 4h | 0.06410 | −0.481% | — | $1.4M | — | as long as short |
| SunX CLO-USDT | +0.0100% | 4h | 0.06418 | −0.357% | $2K | $2.0M | 20x | as long as short |
| Gate CLO_USDTlong | +0.0178% | 8h | 0.06441 | long leg | $484K | $904K | 20x | |
| Aster CLOUSDT | +0.0249% | 4h | 0.06416 | −0.383% | $31K | $91K | 5x | as long as short |
BloFin CLO-USDT
Bybit CLOUSDT
MEXC CLO_USDT
KuCoin CLOUSDTM
BingX CLO-USDT
SunX CLO-USDT
Aster CLOUSDT