Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against Gate+0.182%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$800.800% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.254%−$25 · spread now +0.182%, 7d avg −0.057%
=The price spread pays, funding is against you. Binance is 0.238% dearer against Gate than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −0.057%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days. Mind the row above: over the last 7 days funding on this pair paid +0.069%, 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 ETHFI_USDT | 0.7118 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $1.7M | $2.0M | 75x |
| Short | Binance ETHFIUSDT | 0.7131 | 0.0078 | get 0.0039% / 4h | 1h 56m | $24.8M | $37.1M | 75x |
Gate ETHFI_USDT
Binance ETHFIUSDTFunding 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
- −$4.62
- Price spread: +0.182% → −0.057%
- $23.84
- Slippage, 4 orders
- −$54.99
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$60.77
- Costs to cover
- 0.800%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 16 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, 2 min ago | 6.34 bp | 30.3 bp −$30 | 231.9 bp −$2,319 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.70 bp | 9.1 bp −$9 | 29.4 bp −$294 | 137.3 bp −$13.7K | 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 | −0.0591% | 1h | 0.7131 | +0.183% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0254% | 1h | 0.7137 | +0.264% | $281K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0183% | 4h | 0.7103 | −0.211% | $82K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0174% | 4h | 0.7127 | +0.126% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.714% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0038% | 8h | 0.7124 | +0.086% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0052% | 4h | 0.7133 | +0.211% | $6.1M | $5.7M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0072% | 4h | 0.7132 | +0.197% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDTshort | +0.0078% | 4h | 0.7131 | +0.182% | $24.8M | $37.1M | 75x | |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7122 | +0.058% | $92K | $495K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7134 | +0.225% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7126 | +0.111% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7128 | +0.140% | $18.1M | $9.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7127 | +0.126% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7139 | +0.295% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7135 | +0.239% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7118 | long leg | $1.7M | $2.0M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7131 | +0.183% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7136 | +0.253% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7091 | −0.376% | $1.0M | $739K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7124 | +0.087% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7128 | +0.140% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0295% | 4h | 0.7097 | −0.295% | $1.3M | $290K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7136 | +0.253% | $31K | $8K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX