Funding you earn now, next payment 00:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.047%
Price spread now: Bitget against Gate+0.074%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2092.088% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.074%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.092% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ERA_USDT | 0.06740 | −0.0046 | get 0.0023% / 4h | 36m 44s | $151K | $657K | 25x |
| Short | Bitget ERAUSDT | 0.06745 | 0.0100 | get 0.0050% / 4h | 36m 44s | $807K | $232K | 25x |
Gate ERA_USDT
Bitget ERAUSDTFunding 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
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $30.66
- Price spread: +0.074% → −0.018%
- $9.19
- Slippage, 4 orders
- −$181.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$168.9
- Costs to cover
- 2.088%
- Break-even
- 45.6 days
Slippage from Gate: live order book, 40 min ago; Bitget: live order book, 39 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, 40 min ago | 8.91 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 39 min ago | 6.68 bp | 30.9 bp −$31 | 470.3 bp −$4,703 | 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 | −0.0046% | 4h | 0.06740 | long leg | $151K | $657K | 25x | |
| Aster ERAUSDT | +0.0100% | 4h | 0.06749 | +0.137% | $5K | $11K | 5x | as long as short |
| Binance ERAUSDT | +0.0100% | 4h | 0.06746 | +0.092% | $2.1M | $4.2M | 25x | as long as short |
| Bybit ERAUSDT | +0.0100% | 4h | 0.06740 | 0.000% | $749K | $726K | 25x | as long as short |
| MEXC ERA_USDT | +0.0100% | 4h | 0.06745 | +0.074% | $508K | $135K | 20x | as long as short |
| KuCoin ERAUSDTM | +0.0100% | 4h | 0.06742 | +0.030% | $129K | $43K | 25x | as long as short |
| Bitget ERAUSDTshort | +0.0100% | 4h | 0.06745 | +0.074% | $807K | $232K | 25x | |
| BingX ERA-USDT | +0.0100% | 4h | 0.06740 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni ERA | +0.0100% | 4h | 0.06752 | +0.180% | $10K | $594 | — | as long as short |
Aster ERAUSDT
Binance ERAUSDT
Bybit ERAUSDT
MEXC ERA_USDT
KuCoin ERAUSDTM
BingX ERA-USDT
Variational Omni ERA