Funding you earn now, next payment 08:00 UTC+0.0352%/8h= +38.5% APRnext payment +$1.76 per $10,000 · paid last 24h +0.001%
Price spread now: BingX against Gate+0.328%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1871.875% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.328%, 7d avg +0.123%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.206% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.123%.
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 +$1.76 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 | Gate GWEI_USDT | 0.02406 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $404K | $507K | 10x |
| Short | BingX GWEI-USDT | 0.02414 | 0.0452 | get 0.0226% / 4h | 3h 32m | — | $1.6M | — |
Gate GWEI_USDT
BingX GWEI-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
- $73.92
- Price spread: +0.328% → +0.123%
- $20.57
- Slippage, 4 orders
- −$162.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$92.96
- Costs to cover
- 1.875%
- Break-even
- 15.8 days
Slippage from Gate: live order book, 18 min ago; BingX: live order book, 14 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, 18 min ago | 8.28 bp | 69.4 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 6.20 bp | 29.4 bp −$29 | 52.5 bp −$525 | 715.0 bp −$71.5K | 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_USDTlong | +0.0100% | 4h | 0.02406 | long leg | $404K | $507K | 10x | |
| Variational Omni GWEI | +0.0100% | 4h | 0.02409 | +0.124% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDT | +0.0101% | 4h | 0.02413 | +0.287% | $403K | $227K | 25x | as long as short |
| KuCoin GWEIUSDTM | +0.0152% | 4h | 0.02409 | +0.137% | $470K | $28K | 20x | as long as short |
| Bitget GWEIUSDT | +0.0180% | 4h | 0.02411 | +0.204% | $2.0M | $390K | 20x | as long as short |
| Binance GWEIUSDT | +0.0430% | 4h | 0.02411 | +0.204% | $2.8M | $4.2M | 50x | as long as short |
| Extended GWEI-USD | +0.0440% | 1h | 0.02411 | +0.215% | $4K | $131K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0440% | 4h | 0.02413 | +0.287% | $119K | $87K | 20x | as long as short |
| BingX GWEI-USDTshort | +0.0452% | 4h | 0.02414 | +0.328% | — | $1.6M | — | |
| BloFin GWEI-USDT | +0.0488% | 4h | 0.02413 | +0.287% | $193K | $38K | 50x | as long as short |
Variational Omni GWEI
Bybit GWEIUSDT
KuCoin GWEIUSDTM
Bitget GWEIUSDT
Binance GWEIUSDT
Extended GWEI-USD
MEXC GWEI_USDT
BloFin GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1463% | 4h | 0.02409 | +0.123% | $20K | $29K | 10x | as long as short |
Aster GWEIUSDT