Funding you earn now, next payment 04:00 UTC−0.0519%/8h= −56.9% APRpaid last 24h −0.046%
Price spread now: Gate against Binance−0.239%7-day average −0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$684as in the Funding arb table
Net, price: spread back to 7d avg − costs−$672as in the Price arb table
costs, in and out, $10k−$6676.675% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.239%, 7d avg −0.197%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.042% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.197%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% a year). A funding rate is set anew for every payment. 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 | Binance FHEUSDT | 0.02244 | 0.0619 | pay 0.0310% / 4h | 2h 09m | $3.0M | $1.5M | 10x |
| Short | Gate FHE_USDT | 0.02239 | 0.0100 | get 0.0100% / 8h | 6h 09m | $620K | $78K | 10x |
Binance FHEUSDT
Gate FHE_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
- −$109.06
- Price spread: −0.239% → −0.197%
- −$4.2
- Slippage, 4 orders
- −$642.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$780.73
- Costs to cover
- 6.675%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Gate: live order book, 56 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, 11 min ago | 2.22 bp | 42.7 bp −$43 | 464.9 bp −$4,649 | doesn't fit | doesn't fit |
| Sell Gate live order book, 56 min ago | 8.88 bp | 306.5 bp −$307 | doesn't fit | doesn't fit | doesn't fit |
FHE on 8 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 FHE_USDTshort | +0.0100% | 8h | 0.02239 | −0.239% | $620K | $78K | 10x | |
| Bybit FHEUSDT | +0.0438% | 4h | 0.02240 | −0.194% | $1.6M | $476K | 13x | as long as short |
| Aster FHEUSDT | +0.0455% | 4h | 0.02242 | −0.103% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0606% | 4h | 0.02241 | −0.149% | — | $6.5M | — | as long as short |
| Extended FHE-USD | +0.0616% | 1h | 0.02243 | −0.041% | $2K | $100K | 5x | as long as short |
| Binance FHEUSDTlong | +0.0619% | 4h | 0.02244 | long leg | $3.0M | $1.5M | 10x | |
| MEXC FHE_USDT | +0.0622% | 4h | 0.02243 | −0.060% | $856K | $299K | 50x | as long as short |
| KuCoin FHEUSDTM | +0.1390% | 4h | 0.02242 | −0.105% | $643K | $9.9M | 10x | as long as short |
Bybit FHEUSDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
MEXC FHE_USDT
KuCoin FHEUSDTM