Funding you earn now, next payment 08:00 UTC+0.0528%/8h= +57.8% APRnext payment +$2.64 per $10,000 · paid last 24h +0.026%
Price spread now: Gate against BingX+0.062%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$2002.005% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.062%, 7d avg +0.024%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.038% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.64 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 CYS-USDT | 0.1626 | 0.0428 | pay 0.0214% / 4h | 2h 32m | — | $1.3M | — |
| Short | Gate CYS_USDT | 0.1627 | 0.0956 | get 0.0478% / 4h | 2h 32m | $634K | $118K | 20x |
BingX CYS-USDT
Gate CYS_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
- $110.88
- Price spread: +0.062% → +0.024%
- $3.79
- Slippage, 4 orders
- −$175.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$85.82
- Costs to cover
- 2.005%
- Break-even
- 12.4 days
Slippage from BingX: live order book, 9 min ago; Gate: live order book, 14 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, 9 min ago | 6.17 bp | 27.7 bp −$28 | 84.7 bp −$847 | 845.3 bp −$84.5K | 1146.1 bp −$573.0K |
| Sell Gate live order book, 14 min ago | 15.50 bp | 69.2 bp −$69 | 130.5 bp −$1,305 | doesn't fit | doesn't fit |
CYS on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CYSUSDT | +0.0100% | 4h | 0.1627 | +0.047% | $258K | $88K | 10x | as long as short |
| KuCoin CYSUSDTM | +0.0100% | 4h | 0.1623 | −0.185% | $1.4M | $151K | 20x | as long as short |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1624 | −0.105% | $1.7M | $735K | 25x | as long as short |
| MEXC CYS_USDT | +0.0108% | 4h | 0.1626 | 0.000% | $1.5M | $235K | 50x | as long as short |
| Binance CYSUSDT | +0.0109% | 4h | 0.1626 | 0.000% | $4.3M | $4.9M | 20x | as long as short |
| Variational Omni CYS | +0.0111% | 4h | 0.1628 | +0.107% | $34K | $13K | — | as long as short |
| edgeX CYSUSDC | +0.0115% | 4h | 0.1626 | −0.010% | $7K | $110K | 10x | as long as short |
| BingX CYS-USDTlong | +0.0428% | 4h | 0.1626 | long leg | — | $1.3M | — | |
| Bybit CYSUSDT | +0.0476% | 4h | 0.1627 | +0.062% | $1.5M | $1.1M | 13x | as long as short |
| Gate CYS_USDTshort | +0.0956% | 4h | 0.1627 | +0.062% | $634K | $118K | 20x |
Aster CYSUSDT
KuCoin CYSUSDTM
Bitget CYSUSDT
MEXC CYS_USDT
Binance CYSUSDT
Variational Omni CYS
edgeX CYSUSDC
Bybit CYSUSDT