Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.065%
Price spread now: Binance against Gate−0.031%7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3543.544% of the position
Funding, last 7 days+0.377%+$38 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.031%, 7d avg +0.098%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.129% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COOKIE_USDT | 0.01270 | 0.0100 | pay 0.0050% / 4h | 5m 24s | $129K | $210K | 25x |
| Short | Binance COOKIEUSDT | 0.01270 | 0.0100 | get 0.0050% / 4h | 5m 24s | $2.1M | $8.6M | 20x |
Gate COOKIE_USDT
Binance COOKIEUSDTFunding 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
- $0
- Price spread: −0.031% → +0.098%
- −$12.93
- Slippage, 4 orders
- −$329.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$367.32
- Costs to cover
- 3.544%
- Break-even
- never at this rate
Slippage from Gate: live order book, 46 min ago; Binance: live order book, 4 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, 46 min ago | 12.01 bp | 119.0 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.36 bp | 46.5 bp −$46 | 308.6 bp −$3,086 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COOKIEUSD | −0.0478% | 1h | 0.01267 | −0.204% | $10K | $37K | 10x | as long as short |
| Bybit COOKIEUSDT | −0.0127% | 4h | 0.01269 | −0.071% | $875K | $1.4M | 25x | as long as short |
| Binance COOKIEUSDTshort | +0.0100% | 4h | 0.01270 | −0.031% | $2.1M | $8.6M | 20x | |
| Gate COOKIE_USDTlong | +0.0100% | 4h | 0.01270 | long leg | $129K | $210K | 25x | |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01269 | −0.079% | $606K | $340K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01270 | 0.000% | $229K | $141K | 20x | as long as short |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01270 | 0.000% | $367K | $299K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0100% | 4h | 0.01270 | −0.024% | — | $6.6M | — | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01267 | −0.273% | $11K | $19K | — | as long as short |
Kraken Futures PF_COOKIEUSD
Bybit COOKIEUSDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
Bitget COOKIEUSDT
BingX COOKIE-USDT
Variational Omni COOKIE