Funding you earn now, next payment 08:00 UTC−0.0678%/8h= −74.2% APRnext payment −$3.39 per $10,000 · paid last 24h −0.026%
Price spread now: BingX against Gate−0.062%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2072.072% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.062%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and BingX is 0.038% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
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 −$3.39 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 CYS_USDT | 0.1613 | 0.0778 | pay 0.0389% / 4h | 2h 43m | $630K | $117K | 20x |
| Short | BingX CYS-USDT | 0.1612 | 0.0100 | get 0.0050% / 4h | 2h 43m | — | $1.3M | — |
Gate CYS_USDT
BingX CYS-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
- −$142.38
- Price spread: −0.062% → −0.024%
- −$3.84
- Slippage, 4 orders
- −$182.23
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$353.45
- Costs to cover
- 2.072%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 8 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, 3 min ago | 15.50 bp | 70.0 bp −$70 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 9.32 bp | 28.6 bp −$29 | 96.6 bp −$966 | 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 | 0.1609 | −0.248% | $256K | $88K | 10x | as long as short |
| Binance CYSUSDT | +0.0100% | 4h | 0.1612 | −0.070% | $4.3M | $4.8M | 20x | as long as short |
| MEXC CYS_USDT | +0.0100% | 4h | 0.1611 | −0.124% | $1.5M | $225K | 50x | as long as short |
| KuCoin CYSUSDTM | +0.0100% | 4h | 0.1609 | −0.248% | $1.3M | $148K | 20x | as long as short |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1611 | −0.105% | $1.7M | $721K | 25x | as long as short |
| BingX CYS-USDTshort | +0.0100% | 4h | 0.1612 | −0.062% | — | $1.3M | — | |
| Variational Omni CYS | +0.0100% | 4h | 0.1613 | +0.013% | $34K | $13K | — | as long as short |
| edgeX CYSUSDC | +0.0103% | 4h | 0.1615 | +0.101% | $7K | $110K | 10x | as long as short |
| Bybit CYSUSDT | +0.0169% | 4h | 0.1612 | −0.062% | $1.5M | $1.1M | 13x | as long as short |
| Gate CYS_USDTlong | +0.0778% | 4h | 0.1613 | long leg | $630K | $117K | 20x |
Aster CYSUSDT
Binance CYSUSDT
MEXC CYS_USDT
KuCoin CYSUSDTM
Bitget CYSUSDT
Variational Omni CYS
edgeX CYSUSDC
Bybit CYSUSDT