Funding you earn now, next payment 04:00 UTC+0.0694%/8h= +76.0% APRnext payment +$3.47 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Bitget−0.087%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2242.244% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.087%, 7d avg −0.047%
=Funding pays, the price is against you. Gate is 0.040% cheaper against Bitget than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.047%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.011% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.47 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 | 0.02305 | 0.0338 | pay 0.0169% / 4h | 1h 22m | $1.9M | $229K | 20x |
| Short | Gate GWEI_USDT | 0.02303 | 0.1032 | get 0.0516% / 4h | 1h 22m | $387K | $422K | 10x |
Bitget GWEIUSDT
Gate GWEI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $145.74
- Price spread: −0.087% → −0.047%
- −$3.98
- Slippage, 4 orders
- −$197.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$82.68
- Costs to cover
- 2.244%
- Break-even
- 11.0 days
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 38 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, 5 min ago | 4.35 bp | 32.0 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 38 min ago | 5.37 bp | 63.2 bp −$63 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02303 | −0.091% | $453K | $23K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02301 | −0.194% | $4K | $55 | — | as long as short |
| Binance GWEIUSDT | +0.0304% | 4h | 0.02309 | +0.165% | $2.3M | $2.7M | 50x | as long as short |
| Extended GWEI-USD | +0.0312% | 1h | 0.02306 | +0.034% | $5K | $125K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0312% | 4h | 0.02305 | 0.000% | $107K | $86K | 20x | as long as short |
| Bitget GWEIUSDTlong | +0.0338% | 4h | 0.02305 | long leg | $1.9M | $229K | 20x | |
| BloFin GWEI-USDT | +0.0366% | 4h | 0.02302 | −0.130% | $172K | $31K | 50x | as long as short |
| Bybit GWEIUSDT | +0.0423% | 4h | 0.02309 | +0.174% | $385K | $137K | 25x | as long as short |
| BingX GWEI-USDT | +0.0449% | 4h | 0.02309 | +0.174% | — | $1.6M | — | as long as short |
| Gate GWEI_USDTshort | +0.1032% | 4h | 0.02303 | −0.087% | $387K | $422K | 10x |
KuCoin GWEIUSDTM
Variational Omni GWEI
Binance GWEIUSDT
Extended GWEI-USD
MEXC GWEI_USDT
BloFin GWEI-USDT
Bybit GWEIUSDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1394% | 4h | 0.02305 | −0.001% | $19K | $18K | 10x | as long as short |
Aster GWEIUSDT