DATA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2494%/8h= −273.1% APRnext payment −$12.47 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget0.000%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$363as in the Funding arb table

Net, price: spread back to 7d avg − costs−$355as in the Price arb table

costs, in and out, $10k−$3603.600% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now 0.000%, 7d avg −0.052%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.052% dearer against Bitget than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.052%): +$5 on $10k if it goes back. Holding the pair costs −$75 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.027% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.47 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	Bitget DATAUSDT	0.2268	0.0100	pay 0.0050% / 4h	2h 12m	$680K	$469K	50x
Short	Gate DATA_USDT	0.2268	−0.2394	pay 0.1197% / 4h	2h 12m	$117K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$523.74
Price spread: 0.000% → −0.052%: $5.2
Slippage, 4 orders: −$332.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$878.52
Costs to cover: 3.600%
Break-even: never at this rate

Slippage from Bitget: live order book, 52 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 Bitget live order book, 52 min ago	11.03 bp	76.4 bp −$76	360.1 bp −$3,601	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	15.60 bp	131.3 bp −$131	doesn't fit	doesn't fit	doesn't fit

DATA 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
OKX DATA-USDT-SWAP	−0.3073%	4h	0.2254	−0.617%	$1.3M	$7.0M	20x	as long as short
MEXC DATA_USDT	−0.3072%	4h	0.2265	−0.132%	$103K	$273K	20x	as long as short
Gate DATA_USDTshort	−0.2394%	4h	0.2268	0.000%	$117K	$86K	20x
Extended DATA-USD	−0.1432%	1h	0.2255	−0.554%	$942	$60	5x	as long as short
Bybit DATAUSDT	−0.1159%	4h	0.2265	−0.132%	$1.3M	$1.6M	20x	as long as short
KuCoin DATAUSDTM	−0.1050%	4h	0.2281	+0.556%	$207K	$1.0M	30x	as long as short
Lighter DATA	−0.0184%	1h	0.2266	−0.088%	$72K	$225K	10x	as long as short
Bitget DATAUSDTlong	+0.0100%	4h	0.2268	long leg	$680K	$469K	50x