Funding you earn now, next payment 08:00 UTC−0.0533%/8h= −58.4% APRnext payment −$5.33 per $10,000 · paid last 24h −0.015%
Price spread now: Gate against BingX−0.228%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1651.649% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.228%, 7d avg −0.120%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.109% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.120%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.33 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 CORE-USDT | 0.02191 | 0.0151 | pay 0.0151% / 8h | 4h 58m | — | $1.3M | — |
| Short | Gate CORE_USDT | 0.02186 | −0.0382 | pay 0.0382% / 8h | 4h 58m | $158K | $170K | 25x |
BingX CORE-USDT
Gate CORE_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
- −$111.93
- Price spread: −0.228% → −0.120%
- −$10.85
- Slippage, 4 orders
- −$139.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$287.63
- Costs to cover
- 1.649%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Gate: live order book, 57 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, 1 min ago | 4.56 bp | 21.8 bp −$22 | 65.5 bp −$655 | 1273.2 bp −$127.3K | 1441.8 bp −$720.9K |
| Sell Gate live order book, 57 min ago | 9.21 bp | 66.9 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CORE_USDTshort | −0.0382% | 8h | 0.02186 | −0.228% | $158K | $170K | 25x | |
| Variational Omni CORE | −0.0331% | 8h | 0.02179 | −0.545% | $8K | $918 | — | as long as short |
| Bybit COREUSDT | −0.0287% | 8h | 0.02181 | −0.456% | $1.4M | $970K | 20x | as long as short |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02184 | −0.319% | $1.7M | $4.3M | 20x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02193 | +0.091% | $822K | $216K | 100x | as long as short |
| BingX CORE-USDTlong | +0.0151% | 8h | 0.02191 | long leg | — | $1.3M | — |
Variational Omni CORE
Bybit COREUSDT
OKX CORE-USDT-SWAP
MEXC CORE_USDT