Funding you earn now, next payment 04:00 UTC+0.1156%/8h= +126.6% APRnext payment +$5.78 per $10,000 · paid last 24h +0.055%
Price spread now: BingX against Gate+0.015%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2362.356% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.015%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and BingX is 0.041% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.78 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 | 0.06752 | −0.1056 | get 0.0528% / 4h | 3h 46m | $148K | $667K | 25x |
| Short | BingX ERA-USDT | 0.06753 | 0.0100 | get 0.0050% / 4h | 3h 46m | — | $6.5M | — |
Gate ERA_USDT
BingX ERA-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
- $242.76
- Price spread: +0.015% → −0.026%
- $4.09
- Slippage, 4 orders
- −$210.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $11.3
- Costs to cover
- 2.356%
- Break-even
- 6.7 days
Slippage from Gate: live order book, 25 min ago; BingX: live order book, 10 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, 25 min ago | 12.51 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.63 bp | 32.4 bp −$32 | 98.8 bp −$988 | 1052.0 bp −$105.2K | 1401.2 bp −$700.6K |
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 | −0.1056% | 4h | 0.06752 | long leg | $148K | $667K | 25x | |
| Aster ERAUSDT | +0.0100% | 4h | 0.06757 | +0.081% | $5K | $12K | 5x | as long as short |
| Binance ERAUSDT | +0.0100% | 4h | 0.06752 | +0.001% | $2.1M | $4.3M | 25x | as long as short |
| Bybit ERAUSDT | +0.0100% | 4h | 0.06749 | −0.044% | $742K | $768K | 25x | as long as short |
| MEXC ERA_USDT | +0.0100% | 4h | 0.06753 | +0.015% | $520K | $136K | 20x | as long as short |
| KuCoin ERAUSDTM | +0.0100% | 4h | 0.06757 | +0.074% | $134K | $45K | 25x | as long as short |
| Bitget ERAUSDT | +0.0100% | 4h | 0.06759 | +0.104% | $813K | $243K | 25x | as long as short |
| BingX ERA-USDTshort | +0.0100% | 4h | 0.06753 | +0.015% | — | $6.5M | — | |
| Variational Omni ERA | +0.0100% | 4h | 0.06761 | +0.133% | $10K | $594 | — | as long as short |
Aster ERAUSDT
Binance ERAUSDT
Bybit ERAUSDT
MEXC ERA_USDT
KuCoin ERAUSDTM
Bitget ERAUSDT
Variational Omni ERA