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: Bitget against Gate0.000%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$357as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$3603.600% of the position
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%
=Funding pays, the price is against you. Bitget is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.052%). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$75 a day). 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 | Gate DATA_USDT | 0.2268 | −0.2394 | get 0.1197% / 4h | 2h 12m | $117K | $86K | 20x |
| Short | Bitget DATAUSDT | 0.2268 | 0.0100 | get 0.0050% / 4h | 2h 12m | $680K | $469K | 50x |
Gate DATA_USDT
Bitget DATAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $523.74
- Price spread: 0.000% → +0.052%
- −$5.2
- Slippage, 4 orders
- −$332.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $158.57
- Costs to cover
- 3.600%
- Break-even
- 4.9 days
Slippage from Gate: live order book, 14 min ago; Bitget: live order book, 52 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, 14 min ago | 15.60 bp | 87.7 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 52 min ago | 11.03 bp | 64.5 bp −$65 | 363.8 bp −$3,638 | 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_USDTlong | −0.2394% | 4h | 0.2268 | long leg | $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 DATAUSDTshort | +0.0100% | 4h | 0.2268 | 0.000% | $680K | $469K | 50x |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
KuCoin DATAUSDTM
Lighter DATA