Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.074%
Price spread now: Gate against BingX−0.032%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$446as in the Funding arb table
Net, price: spread back to 7d avg − costs−$405as in the Price arb table
costs, in and out, $10k−$4104.096% of the position
Funding, last 7 days−0.365%−$36 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.032%, 7d avg −0.074%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.042% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COOKIE-USDT | 0.01244 | 0.0100 | pay 0.0050% / 4h | 2h 32m | — | $6.5M | — |
| Short | Gate COOKIE_USDT | 0.01244 | 0.0100 | get 0.0050% / 4h | 2h 32m | $124K | $234K | 25x |
BingX COOKIE-USDT
Gate COOKIE_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
- $0
- Price spread: −0.032% → −0.074%
- $4.19
- Slippage, 4 orders
- −$384.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$405.36
- Costs to cover
- 4.096%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Gate: 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 BingX live order book, 4 min ago | 6.47 bp | 43.7 bp −$44 | 242.8 bp −$2,428 | 693.8 bp −$69.4K | 883.3 bp −$441.6K |
| Sell Gate live order book, 9 min ago | 11.91 bp | 171.5 bp −$171 | doesn't fit | doesn't fit | doesn't fit |
COOKIE 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01245 | +0.064% | $2.1M | $9.6M | 20x | as long as short |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01242 | −0.185% | $862K | $1.5M | 25x | as long as short |
| Gate COOKIE_USDTshort | +0.0100% | 4h | 0.01244 | −0.032% | $124K | $234K | 25x | |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01246 | +0.129% | $620K | $368K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01243 | −0.113% | $228K | $162K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01247 | +0.209% | $361K | $311K | 5x | as long as short |
| BingX COOKIE-USDTlong | +0.0100% | 4h | 0.01244 | long leg | — | $6.5M | — | |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01234 | −0.839% | $12K | $21K | — | as long as short |
| Kraken Futures PF_COOKIEUSD | +0.0439% | 1h | 0.01248 | +0.274% | $12K | $40K | 10x | as long as short |
Binance COOKIEUSDT
Bybit COOKIEUSDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
Variational Omni COOKIE
Kraken Futures PF_COOKIEUSD