Funding you earn now, next payment 04:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.133%
Price spread now: Gate against BingX−0.223%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$756as in the Funding arb table
Net, price: spread back to 7d avg − costs−$738as in the Price arb table
costs, in and out, $10k−$7277.268% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.223%, 7d avg −0.112%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.111% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.289% in total (about -15.1% 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 | BingX FHE-USDT | 0.02245 | 0.0536 | pay 0.0268% / 4h | 1h 20m | — | $6.5M | — |
| Short | Gate FHE_USDT | 0.02240 | 0.0100 | get 0.0100% / 8h | 5h 20m | $620K | $75K | 10x |
BingX FHE-USDT
Gate FHE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$91.56
- Price spread: −0.223% → −0.112%
- −$11.1
- Slippage, 4 orders
- −$701.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$829.47
- Costs to cover
- 7.268%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Gate: live order book, 40 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 BingX live order book, 5 min ago | 6.68 bp | 38.3 bp −$38 | 203.1 bp −$2,031 | 1040.2 bp −$104.0K | doesn't fit |
| Sell Gate live order book, 40 min ago | 8.91 bp | 330.5 bp −$330 | 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 | 0.02240 | −0.223% | $620K | $75K | 10x | |
| Bybit FHEUSDT | +0.0321% | 4h | 0.02245 | 0.000% | $1.6M | $477K | 13x | as long as short |
| Aster FHEUSDT | +0.0408% | 4h | 0.02244 | −0.031% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDTlong | +0.0536% | 4h | 0.02245 | long leg | — | $6.5M | — | |
| MEXC FHE_USDT | +0.0566% | 4h | 0.02245 | 0.000% | $848K | $300K | 50x | as long as short |
| Binance FHEUSDT | +0.0568% | 4h | 0.02245 | 0.000% | $3.0M | $1.4M | 10x | as long as short |
| Extended FHE-USD | +0.0568% | 1h | 0.02244 | −0.029% | $3K | $98K | 5x | as long as short |
| KuCoin FHEUSDTM | +0.1202% | 4h | 0.02247 | +0.089% | $642K | $9.7M | 10x | as long as short |
Bybit FHEUSDT
Aster FHEUSDT
MEXC FHE_USDT
Binance FHEUSDT
Extended FHE-USD
KuCoin FHEUSDTM