Funding you earn now, next payment 08:00 UTC+0.0880%/8h= +96.4% APRpaid last 24h +0.149%
Price spread now: BingX against Gate+0.045%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$703as in the Funding arb table
Net, price: spread back to 7d avg − costs−$739as in the Price arb table
costs, in and out, $10k−$7337.326% of the position
Funding, last 7 days+0.297%+$30 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.045%, 7d avg +0.115%
=Funding pays, the price is against you. BingX is 0.069% cheaper against Gate than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.115%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.297% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.297% in total (about 15.5% 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 | Gate FHE_USDT | 0.02202 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $609K | $74K | 10x |
| Short | BingX FHE-USDT | 0.02203 | 0.0980 | get 0.0490% / 4h | 2h 00m | — | $6.5M | — |
Gate FHE_USDT
BingX FHE-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
- $184.8
- Price spread: +0.045% → +0.115%
- −$6.91
- Slippage, 4 orders
- −$707.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$554.68
- Costs to cover
- 7.326%
- Break-even
- 28.0 days
Slippage from Gate: live order book, 46 min ago; BingX: live order book, 5 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, 46 min ago | 9.01 bp | 260.8 bp −$261 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 6.80 bp | 35.4 bp −$35 | 117.6 bp −$1,176 | 996.1 bp −$99.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FHEUSDT | +0.0100% | 4h | 0.02203 | +0.045% | $1.5M | $511K | 13x | as long as short |
| Gate FHE_USDTlong | +0.0100% | 8h | 0.02202 | long leg | $609K | $74K | 10x | |
| Aster FHEUSDT | +0.0724% | 4h | 0.02204 | +0.107% | $17K | $2K | 5x | as long as short |
| KuCoin FHEUSDTM | +0.0926% | 4h | 0.02205 | +0.136% | $652K | $9.0M | 10x | as long as short |
| BingX FHE-USDTshort | +0.0980% | 4h | 0.02203 | +0.045% | — | $6.5M | — | |
| Extended FHE-USD | +0.1048% | 1h | 0.02206 | +0.186% | $2K | $199K | 5x | as long as short |
| MEXC FHE_USDT | +0.1048% | 4h | 0.02206 | +0.182% | $867K | $318K | 50x | as long as short |
| Binance FHEUSDT | +0.1051% | 4h | 0.02207 | +0.219% | $2.9M | $1.5M | 10x | as long as short |
Bybit FHEUSDT
Aster FHEUSDT
KuCoin FHEUSDTM
Extended FHE-USD
MEXC FHE_USDT
Binance FHEUSDT