Funding you earn now, next payment 12:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h +0.082%
Price spread now: BingX against Gate−0.576%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$506as in the Funding arb table
Net, price: spread back to 7d avg − costs−$543as in the Price arb table
costs, in and out, $10k−$5035.025% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.367%+$37 · spread now −0.576%, 7d avg −0.170%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BingX is 0.407% cheaper against Gate than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.170%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CLO_USDT | 0.06422 | 0.0626 | pay 0.0626% / 8h | 5h 31m | $489K | $946K | 20x |
| Short | BingX CLO-USDT | 0.06385 | 0.0100 | get 0.0050% / 4h | 1h 31m | — | $1.4M | — |
Gate CLO_USDT
BingX CLO-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
- −$110.46
- Price spread: −0.576% → −0.170%
- −$40.65
- Slippage, 4 orders
- −$477.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$653.63
- Costs to cover
- 5.025%
- Break-even
- never at this rate
Slippage from Gate: live order book, 13 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, 13 min ago | 11.60 bp | 190.8 bp −$191 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.90 bp | 51.2 bp −$51 | 295.8 bp −$2,958 | 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 | +0.0093% | 4h | 0.06380 | −0.654% | $255K | $72K | 10x | as long as short |
| Aster CLOUSDT | +0.0100% | 4h | 0.06392 | −0.469% | $31K | $97K | 5x | as long as short |
| Binance CLOUSDT | +0.0100% | 4h | 0.06385 | −0.576% | $4.1M | $5.8M | 10x | as long as short |
| Bybit CLOUSDT | +0.0100% | 4h | 0.06385 | −0.576% | $731K | $923K | 20x | as long as short |
| MEXC CLO_USDT | +0.0100% | 4h | 0.06380 | −0.654% | $567K | $160K | 50x | as long as short |
| KuCoin CLOUSDTM | +0.0100% | 4h | 0.06374 | −0.747% | $961K | $12.4M | 10x | as long as short |
| BingX CLO-USDTshort | +0.0100% | 4h | 0.06385 | −0.576% | — | $1.4M | — | |
| SunX CLO-USDT | +0.0100% | 4h | 0.06378 | −0.685% | $2K | $2.1M | 20x | as long as short |
| Gate CLO_USDTlong | +0.0626% | 8h | 0.06422 | long leg | $489K | $946K | 20x |
BloFin CLO-USDT
Aster CLOUSDT
Binance CLOUSDT
Bybit CLOUSDT
MEXC CLO_USDT
KuCoin CLOUSDTM
SunX CLO-USDT