Funding you earn now, next payment 08:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h −0.093%
Price spread now: Gate against BingX−0.017%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$711as in the Funding arb table
Net, price: spread back to 7d avg − costs−$668as in the Price arb table
costs, in and out, $10k−$6756.751% of the position
Funding, last 7 days−0.359%−$36 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.017%, 7d avg −0.084%
=The price spread pays, funding is against you. Gate is 0.067% dearer against BingX than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.084%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.359% in total) that is about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX EDGEX-USDT | 0.5902 | 0.0478 | pay 0.0239% / 4h | 2h 41m | — | $1.8M | — |
| Short | Gate EDGEX_USDT | 0.5901 | 0.0100 | get 0.0050% / 4h | 2h 41m | $582K | $238K | 50x |
BingX EDGEX-USDT
Gate EDGEX_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
- −$79.38
- Price spread: −0.017% → −0.084%
- $6.69
- Slippage, 4 orders
- −$650.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$747.79
- Costs to cover
- 6.751%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 5 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, 2 min ago | 5.08 bp | 30.6 bp −$31 | 139.4 bp −$1,394 | 690.4 bp −$69.0K | doesn't fit |
| Sell Gate live order book, 5 min ago | 15.21 bp | 176.6 bp −$177 | doesn't fit | doesn't fit | doesn't fit |
EDGEX on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate EDGEX_USDTshort | +0.0100% | 4h | 0.5901 | −0.017% | $582K | $238K | 50x | |
| Coinbase International EDGEX-PERP-INTX | +0.0312% | 1h | 0.5900 | −0.034% | $9K | $25K | 50x | as long as short |
| BingX EDGEX-USDTlong | +0.0478% | 4h | 0.5902 | long leg | — | $1.8M | — | |
| Deribit EDGEX_USDC-PERPETUAL | +0.1175% | 1h | 0.5908 | +0.106% | $100 | $100 | 10x | as long as short |
Coinbase International EDGEX-PERP-INTX
Deribit EDGEX_USDC-PERPETUAL