Funding you earn now, next payment 12:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against Binance+0.100%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$950.946% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now +0.100%, 7d avg +0.058%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.7018 | 0.0065 | pay 0.0033% / 4h | 3h 05m | $24.6M | $34.6M | 75x |
| Short | Gate ETHFI_USDT | 0.7025 | 0.0100 | get 0.0050% / 4h | 3h 05m | $1.7M | $1.9M | 75x |
Binance ETHFIUSDT
Gate ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- $7.25
- Price spread: +0.100% → +0.058%
- $4.13
- Slippage, 4 orders
- −$69.61
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$83.22
- Costs to cover
- 0.946%
- Break-even
- 87.3 days
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 2 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 Binance live order book, 6 min ago | 0.71 bp | 17.7 bp −$18 | 36.4 bp −$364 | 207.8 bp −$20.8K | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.14 bp | 32.7 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0462% | 1h | 0.7022 | +0.057% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0275% | 4h | 0.7018 | 0.000% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0250% | 4h | 0.7024 | +0.090% | $937K | $768K | — | as long as short |
| HTX ETHFI-USDT | −0.0124% | 4h | 0.7018 | 0.000% | $83K | $142K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0074% | 8h | 0.7020 | +0.029% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.163% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0039% | 4h | 0.7020 | +0.028% | $17.2M | $12.3M | 25x | as long as short |
| MEXC ETHFI_USDT | +0.0062% | 4h | 0.7018 | 0.000% | $15.8M | $4.3M | 125x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7015 | −0.036% | $95K | $501K | 10x | as long as short |
| Binance ETHFIUSDTlong | +0.0065% | 4h | 0.7018 | long leg | $24.6M | $34.6M | 75x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bybit ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0088% | 4h | 0.7030 | +0.169% | $180K | $199K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7031 | +0.185% | $1.1M | $836K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7020 | +0.028% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7028 | +0.148% | $16.8M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7022 | +0.057% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7025 | +0.100% | $1.7M | $1.9M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7022 | +0.057% | $1.2M | $202K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7019 | +0.014% | $6.1M | $4.1M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7021 | +0.043% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7025 | +0.100% | $53K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7027 | +0.128% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0262% | 4h | 0.7021 | +0.043% | $1.2M | $235K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.7040 | +0.313% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0859% | 1h | 0.7035 | +0.242% | $300K | $295K | 20x | as long as short |
Aster ETHFIUSDT
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD