Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.102%
Price spread now: Gate against BingX0.000%7-day average −0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1311.305% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now 0.000%, 7d avg −0.137%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.137% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.137%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CP-USDT | 0.01347 | 0.0070 | pay 0.0035% / 4h | 2h 56m | — | $1.0M | — |
| Short | Gate CP_USDT | 0.01347 | 0.0100 | get 0.0050% / 4h | 2h 56m | $558K | $509K | 20x |
BingX CP-USDT
Gate CP_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
- $6.3
- Price spread: 0.000% → −0.137%
- $13.66
- Slippage, 4 orders
- −$105.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$110.56
- Costs to cover
- 1.305%
- Break-even
- 129.8 days
Slippage from BingX: live order book, 3 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, 3 min ago | 3.69 bp | 17.8 bp −$18 | 82.4 bp −$824 | doesn't fit | doesn't fit |
| Sell Gate live order book, 9 min ago | 7.29 bp | 47.4 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CP-USDT | +0.0067% | 4h | 0.01348 | +0.074% | $415 | $36K | 20x | as long as short |
| BingX CP-USDTlong | +0.0070% | 4h | 0.01347 | long leg | — | $1.0M | — | |
| Bybit CPUSDT | +0.0100% | 4h | 0.01347 | 0.000% | $1.4M | $2.4M | 20x | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01346 | −0.074% | $3.7M | $10.7M | 20x | as long as short |
| Gate CP_USDTshort | +0.0100% | 4h | 0.01347 | 0.000% | $558K | $509K | 20x | |
| MEXC CP_USDT | +0.0100% | 4h | 0.01345 | −0.148% | $1.4M | $362K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01349 | +0.148% | $190K | $910K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01347 | −0.015% | $743K | $1.5M | 20x | as long as short |
BloFin CP-USDT
Bybit CPUSDT
OKX CP-USDT-SWAP
MEXC CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT