Funding you earn now, next payment 04:00 UTC−0.0288%/8h= −31.5% APRnext payment −$1.44 per $10,000 · paid last 24h −0.022%
Price spread now: Gate against BingX+0.169%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$972as in the Funding arb table
Net, price: spread back to 7d avg − costs−$962as in the Price arb table
costs, in and out, $10k−$9729.724% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.169%, 7d avg +0.060%
=The price spread pays, funding is against you. Gate is 0.108% dearer against BingX than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.060%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.001% in total) that is about years.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.44 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 | BingX COLLECT-USDT | 0.01779 | 0.0388 | pay 0.0194% / 4h | 2h 32m | — | $2.3M | — |
| Short | Gate COLLECT_USDT | 0.01782 | 0.0100 | get 0.0050% / 4h | 2h 32m | $258K | $51K | 20x |
BingX COLLECT-USDT
Gate COLLECT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$60.48
- Price spread: +0.169% → +0.060%
- $10.82
- Slippage, 4 orders
- −$947.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,022.02
- Costs to cover
- 9.724%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Gate: live order book, 29 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 BingX live order book, 6 min ago | 5.64 bp | 37.9 bp −$38 | 228.5 bp −$2,285 | doesn't fit | doesn't fit |
| Sell Gate live order book, 29 min ago | 19.81 bp | 514.1 bp −$514 | doesn't fit | doesn't fit | doesn't fit |
COLLECT on 7 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 COLLECTUSDT | +0.0100% | 4h | 0.01774 | −0.268% | $352K | $30K | 5x | as long as short |
| Gate COLLECT_USDTshort | +0.0100% | 4h | 0.01782 | +0.169% | $258K | $51K | 20x | |
| KuCoin COLLECTUSDTM | +0.0100% | 4h | 0.01774 | −0.281% | $713K | $63K | 20x | as long as short |
| Binance COLLECTUSDT | +0.0384% | 4h | 0.01779 | 0.000% | $5.0M | $2.0M | 20x | as long as short |
| BingX COLLECT-USDTlong | +0.0388% | 4h | 0.01779 | long leg | — | $2.3M | — | |
| Extended COLLECT-USD | +0.0392% | 1h | 0.01779 | −0.003% | $7K | $296K | 5x | as long as short |
| MEXC COLLECT_USDT | +0.0392% | 4h | 0.01779 | 0.000% | $551K | $125K | 50x | as long as short |
Aster COLLECTUSDT
KuCoin COLLECTUSDTM
Binance COLLECTUSDT
Extended COLLECT-USD
MEXC COLLECT_USDT