GOAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0372%/8h= −40.7% APRnext payment −$1.86 per $10,000 · paid last 24h −0.055%

Price spread now: Gate against BingX−0.162%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$518as in the Funding arb table

Net, price: spread back to 7d avg − costs−$515as in the Price arb table

costs, in and out, $10k−$5035.026% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.162%, 7d avg −0.041%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.121% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 per $10,000. 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 GOAT-USDT	0.01852	0.0472	pay 0.0236% / 4h	4m 18s	—	$6.6M	—
Short	Gate GOAT_USDT	0.01849	0.0100	get 0.0050% / 4h	4m 18s	$281K	$172K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now −0.162%Rate

Funding earned: −$78.12
Price spread: −0.162% → −0.041%: −$12.08
Slippage, 4 orders: −$477.55
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$592.76
Costs to cover: 5.026%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 47 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, 7 min ago	10.81 bp	44.5 bp −$45	423.0 bp −$4,230	783.4 bp −$78.3K	doesn't fit
Sell Gate live order book, 47 min ago	24.55 bp	337.1 bp −$337	doesn't fit	doesn't fit	doesn't fit

GOAT on 11 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 GOATUSDT	+0.0100%	4h	0.01849	−0.189%	$1.9M	$1.0M	25x	as long as short
Gate GOAT_USDTshort	+0.0100%	4h	0.01849	−0.162%	$281K	$172K	25x
KuCoin GOATUSDTM	+0.0100%	4h	0.01848	−0.216%	$368K	$137K	30x	as long as short
Variational Omni GOAT	+0.0100%	4h	0.01848	−0.206%	$6K	$18K	—	as long as short
BingX GOAT-USDTlong	+0.0472%	4h	0.01852	long leg	—	$6.6M	—
BloFin GOAT-USDT	+0.0511%	4h	0.01855	+0.162%	$119K	$10K	25x	as long as short
MEXC GOAT_USDT	+0.0534%	4h	0.01853	+0.054%	$423K	$158K	200x	as long as short
Binance GOATUSDT	+0.0547%	4h	0.01854	+0.093%	$1.8M	$2.8M	25x	as long as short
Hyperliquid GOAT	+0.1034%	1h	0.01853	+0.065%	$1.2M	$445K	3x	as long as short
Orderly PERP_GOAT_USDC	+0.2008%	4h	0.01855	+0.162%	$3K	$2K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GOATUSD	+0.3322%	1h	0.01857	+0.275%	$30K	$4K	10x	as long as short