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: BingX against Gate+0.216%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1661.663% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.216%, 7d avg +0.135%
=The price spread pays, funding is against you. BingX is 0.081% dearer against Gate than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of +0.135%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days. At the pace of the last 7 days (−0.240% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CP_USDT | 0.01389 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $612K | $552K | 20x |
| Short | BingX CP-USDT | 0.01392 | 0.0070 | get 0.0035% / 4h | 1h 19m | — | $1.0M | — |
Gate CP_USDT
BingX CP-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
- −$6.3
- Price spread: +0.216% → +0.135%
- $8.08
- Slippage, 4 orders
- −$141.31
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$164.53
- Costs to cover
- 1.663%
- Break-even
- never at this rate
Slippage from Gate: live order book, 42 min ago; BingX: live order book, just now.
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, 42 min ago | 7.24 bp | 51.9 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, just now | 10.79 bp | 33.6 bp −$34 | 96.5 bp −$965 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDTshort | +0.0070% | 4h | 0.01392 | +0.216% | — | $1.0M | — | |
| Bybit CPUSDT | +0.0100% | 4h | 0.01392 | +0.216% | $1.4M | $2.5M | 20x | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01392 | +0.216% | $3.9M | $11.2M | 20x | as long as short |
| Gate CP_USDTlong | +0.0100% | 4h | 0.01389 | long leg | $612K | $552K | 20x | |
| MEXC CP_USDT | +0.0100% | 4h | 0.01391 | +0.144% | $1.5M | $362K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01393 | +0.288% | $199K | $891K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01389 | −0.014% | $784K | $1.5M | 20x | as long as short |
| BloFin CP-USDT | +0.0101% | 4h | 0.01388 | −0.072% | $423 | $40K | 20x | as long as short |
Bybit CPUSDT
OKX CP-USDT-SWAP
MEXC CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT
BloFin CP-USDT