Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.9% APRnext payment −$1.73 per $10,000 · paid last 24h +0.038%
Price spread now: Binance against Bitget+0.198%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1471.474% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days−0.105%−$11 · spread now +0.198%, 7d avg +0.086%
=The price spread pays, funding is against you. Binance is 0.112% dearer against Bitget than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.086%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.73 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 | Bitget GWEIUSDT | 0.02299 | 0.0824 | pay 0.0412% / 4h | 35m 19s | $1.9M | $218K | 20x |
| Short | Binance GWEIUSDT | 0.02304 | 0.0478 | get 0.0239% / 4h | 35m 19s | $2.4M | $2.6M | 50x |
Bitget GWEIUSDT
Binance GWEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$72.59
- Price spread: +0.198% → +0.086%
- $11.2
- Slippage, 4 orders
- −$125.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$208.83
- Costs to cover
- 1.474%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 15 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 Bitget live order book, 2 min ago | 4.35 bp | 39.2 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.17 bp | 26.1 bp −$26 | 142.5 bp −$1,425 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02301 | +0.083% | $463K | $19K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02301 | +0.097% | $4K | $55 | — | as long as short |
| Bybit GWEIUSDT | +0.0377% | 4h | 0.02302 | +0.130% | $374K | $119K | 25x | as long as short |
| BloFin GWEI-USDT | +0.0449% | 4h | 0.02305 | +0.261% | $172K | $29K | 50x | as long as short |
| Binance GWEIUSDTshort | +0.0478% | 4h | 0.02304 | +0.198% | $2.4M | $2.6M | 50x | |
| Extended GWEI-USD | +0.0480% | 1h | 0.02303 | +0.184% | $4K | $142K | 5x | as long as short |
| Gate GWEI_USDT | +0.0480% | 4h | 0.02298 | −0.057% | $379K | $401K | 10x | as long as short |
| MEXC GWEI_USDT | +0.0488% | 4h | 0.02303 | +0.174% | $104K | $86K | 20x | as long as short |
| BingX GWEI-USDT | +0.0810% | 4h | 0.02301 | +0.087% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDTlong | +0.0824% | 4h | 0.02299 | long leg | $1.9M | $218K | 20x |
KuCoin GWEIUSDTM
Variational Omni GWEI
Bybit GWEIUSDT
BloFin GWEI-USDT
Extended GWEI-USD
Gate GWEI_USDT
MEXC GWEI_USDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1482% | 4h | 0.02302 | +0.131% | $17K | $17K | 10x | as long as short |
Aster GWEIUSDT