Funding you earn now, next payment 04:00 UTC+0.0806%/8h= +88.3% APRnext payment +$4.03 per $10,000 · paid last 24h +0.055%
Price spread now: Binance against Gate+0.042%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2352.349% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.042%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Binance is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.008%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.03 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 ERA_USDT | 0.06753 | −0.0706 | get 0.0353% / 4h | 3h 43m | $148K | $670K | 25x |
| Short | Binance ERAUSDT | 0.06756 | 0.0100 | get 0.0050% / 4h | 3h 43m | $2.1M | $4.3M | 25x |
Gate ERA_USDT
Binance ERAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $169.26
- Price spread: +0.042% → −0.008%
- $5
- Slippage, 4 orders
- −$209.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$60.64
- Costs to cover
- 2.349%
- Break-even
- 9.5 days
Slippage from Gate: live order book, 28 min ago; Binance: 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, 28 min ago | 12.51 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.48 bp | 32.5 bp −$33 | 189.2 bp −$1,892 | doesn't fit | doesn't fit |
ERA on 9 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 ERA_USDTlong | −0.0706% | 4h | 0.06753 | long leg | $148K | $670K | 25x | |
| Aster ERAUSDT | +0.0100% | 4h | 0.06753 | −0.007% | $5K | $12K | 5x | as long as short |
| Binance ERAUSDTshort | +0.0100% | 4h | 0.06756 | +0.042% | $2.1M | $4.3M | 25x | |
| Bybit ERAUSDT | +0.0100% | 4h | 0.06754 | +0.015% | $743K | $766K | 25x | as long as short |
| MEXC ERA_USDT | +0.0100% | 4h | 0.06756 | +0.044% | $520K | $136K | 20x | as long as short |
| KuCoin ERAUSDTM | +0.0100% | 4h | 0.06754 | +0.015% | $134K | $45K | 25x | as long as short |
| Bitget ERAUSDT | +0.0100% | 4h | 0.06759 | +0.089% | $813K | $242K | 25x | as long as short |
| BingX ERA-USDT | +0.0100% | 4h | 0.06753 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni ERA | +0.0100% | 4h | 0.06753 | +0.007% | $10K | $594 | — | as long as short |
Aster ERAUSDT
Bybit ERAUSDT
MEXC ERA_USDT
KuCoin ERAUSDTM
Bitget ERAUSDT
BingX ERA-USDT
Variational Omni ERA