Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.499%
Price spread now: BingX against Gate−0.053%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1881.880% of the position
Funding, last 7 days+0.905%+$90 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.053%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.029% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.905%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ESP_USDT | 0.09371 | 0.0100 | pay 0.0100% / 8h | 4h 32m | $175K | $599K | 50x |
| Short | BingX ESP-USDT | 0.09366 | 0.0036 | get 0.0018% / 4h | 32m 21s | — | $1.7M | — |
Gate ESP_USDT
BingX ESP-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
- −$13.44
- Price spread: −0.053% → −0.024%
- −$2.93
- Slippage, 4 orders
- −$162.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$204.34
- Costs to cover
- 1.880%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; BingX: live order book, 15 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, 24 min ago | 5.34 bp | 65.0 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 6.44 bp | 24.9 bp −$25 | 64.6 bp −$646 | 445.4 bp −$44.5K | 913.8 bp −$456.9K |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDTshort | +0.0036% | 4h | 0.09366 | −0.053% | — | $1.7M | — | |
| BloFin ESP-USDT | +0.0098% | 4h | 0.09352 | −0.203% | $124K | $33K | 25x | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09363 | −0.083% | $6K | $18K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09369 | −0.024% | $2.4M | $4.1M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09372 | +0.011% | $596K | $1.1M | 20x | as long as short |
| Gate ESP_USDTlong | +0.0100% | 8h | 0.09371 | long leg | $175K | $599K | 50x | |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09368 | −0.032% | $1.2M | $119K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09368 | −0.032% | $1.5M | $45K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09365 | −0.069% | $941K | $135K | 20x | as long as short |
| edgeX ESPUSDC | +0.0115% | 4h | 0.09338 | −0.355% | $29K | $267K | 10x | as long as short |
BloFin ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.0295% | 4h | 0.09349 | −0.235% | $1.1M | $614K | 50x | as long as short |
Bybit ESPUSDT