Funding you earn now, next payment 08:00 UTC−0.0518%/8h= −56.7% APRnext payment −$2.59 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against BingX−0.136%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2602.600% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.136%, 7d avg −0.119%
=The price spread sits at its 7-day average of −0.119%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.59 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 GWEI-USDT | 0.02356 | 0.0618 | pay 0.0309% / 4h | 1h 08m | — | $1.6M | — |
| Short | Gate GWEI_USDT | 0.02353 | 0.0100 | get 0.0050% / 4h | 1h 08m | $398K | $589K | 10x |
BingX GWEI-USDT
Gate GWEI_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
- −$108.78
- Price spread: −0.136% → −0.119%
- −$1.73
- Slippage, 4 orders
- −$235.04
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$370.56
- Costs to cover
- 2.600%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 33 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, 8 min ago | 6.37 bp | 26.1 bp −$26 | 113.8 bp −$1,138 | 869.1 bp −$86.9K | 1219.4 bp −$609.7K |
| Sell Gate live order book, 33 min ago | 10.44 bp | 132.6 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GWEI_USDTshort | +0.0100% | 4h | 0.02353 | −0.136% | $398K | $589K | 10x | |
| Variational Omni GWEI | +0.0100% | 4h | 0.02359 | +0.109% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDT | +0.0101% | 4h | 0.02357 | +0.042% | $392K | $277K | 25x | as long as short |
| BloFin GWEI-USDT | +0.0149% | 4h | 0.02362 | +0.255% | $163K | $41K | 50x | as long as short |
| Extended GWEI-USD | +0.0160% | 1h | 0.02357 | +0.059% | $5K | $218K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0160% | 4h | 0.02356 | 0.000% | $128K | $94K | 20x | as long as short |
| Binance GWEIUSDT | +0.0162% | 4h | 0.02358 | +0.080% | $2.5M | $5.4M | 50x | as long as short |
| KuCoin GWEIUSDTM | +0.0170% | 4h | 0.02349 | −0.310% | $463K | $36K | 20x | as long as short |
| BingX GWEI-USDTlong | +0.0618% | 4h | 0.02356 | long leg | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0814% | 4h | 0.02355 | −0.042% | $1.9M | $478K | 20x | as long as short |
Variational Omni GWEI
Bybit GWEIUSDT
BloFin GWEI-USDT
Extended GWEI-USD
MEXC GWEI_USDT
Binance GWEIUSDT
KuCoin GWEIUSDTM
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0949% | 4h | 0.02357 | +0.042% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT