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: BingX against Gate+0.275%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as 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)−0.226%−$23 · spread now +0.275%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.156% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.120%.
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 | Gate CORE_USDT | 0.02179 | −0.0382 | get 0.0382% / 8h | 4h 57m | $158K | $170K | 25x |
| Short | BingX CORE-USDT | 0.02185 | 0.0151 | get 0.0151% / 8h | 4h 57m | — | $1.3M | — |
Gate CORE_USDT
BingX CORE-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
- $111.93
- Price spread: +0.275% → +0.120%
- $15.57
- Slippage, 4 orders
- −$139.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$37.35
- Costs to cover
- 1.649%
- Break-even
- 9.3 days
Slippage from Gate: live order book, 58 min ago; BingX: live order book, 1 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, 58 min ago | 9.21 bp | 57.8 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.56 bp | 18.4 bp −$18 | 70.4 bp −$704 | 841.5 bp −$84.1K | 1129.3 bp −$564.6K |
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_USDTlong | −0.0382% | 8h | 0.02179 | long leg | $158K | $170K | 25x | |
| Variational Omni CORE | −0.0331% | 8h | 0.02179 | +0.002% | $8K | $918 | — | as long as short |
| Bybit COREUSDT | −0.0287% | 8h | 0.02178 | −0.046% | $1.4M | $970K | 20x | as long as short |
| OKX CORE-USDT-SWAP | +0.0100% | 8h | 0.02184 | +0.229% | $1.7M | $4.3M | 20x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02185 | +0.275% | $819K | $216K | 100x | as long as short |
| BingX CORE-USDTshort | +0.0151% | 8h | 0.02185 | +0.275% | — | $1.3M | — |
Variational Omni CORE
Bybit COREUSDT
OKX CORE-USDT-SWAP
MEXC CORE_USDT