Funding you earn now, next payment 12:00 UTC+0.0450%/8h= +49.3% APRnext payment +$2.25 per $10,000 · paid last 24h +0.112%
Price spread now: BingX against Gate−0.034%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$506as in the Funding arb table
Net, price: spread back to 7d avg − costs−$556as in the Price arb table
costs, in and out, $10k−$5445.440% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.034%, 7d avg +0.085%
=Funding pays, the price is against you. BingX is 0.118% cheaper against Gate than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.085%). If the spread goes back, that is −$12 on $10k: about 21 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.380% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate EDGEX_USDT | 0.5938 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $591K | $242K | 50x |
| Short | BingX EDGEX-USDT | 0.5936 | 0.0550 | get 0.0275% / 4h | 3h 05m | — | $1.8M | — |
Gate EDGEX_USDT
BingX EDGEX-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
- $94.5
- Price spread: −0.034% → +0.085%
- −$11.84
- Slippage, 4 orders
- −$518.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$461.32
- Costs to cover
- 5.440%
- Break-even
- 41.2 days
Slippage from Gate: live order book, 26 min ago; BingX: live order book, 3 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, 26 min ago | 15.13 bp | 306.1 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.20 bp | 33.1 bp −$33 | 113.9 bp −$1,139 | 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_USDTlong | +0.0100% | 4h | 0.5938 | long leg | $591K | $242K | 50x | |
| Coinbase International EDGEX-PERP-INTX | +0.0408% | 1h | 0.5925 | −0.224% | $9K | $21K | 50x | as long as short |
| BingX EDGEX-USDTshort | +0.0550% | 4h | 0.5936 | −0.034% | — | $1.8M | — | |
| Deribit EDGEX_USDC-PERPETUAL | +0.1533% | 1h | 0.5940 | +0.040% | $101 | $100 | 10x | as long as short |
Coinbase International EDGEX-PERP-INTX
Deribit EDGEX_USDC-PERPETUAL