Funding you earn now, next payment 04:00 UTC+0.0363%/8h= +39.7% APRnext payment +$1.81 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Gate+0.064%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1171.170% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 4 days (all we have)+0.275%+$28 · spread now +0.064%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.075% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.81 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 LA_USDT | 0.07412 | −0.0690 | get 0.0345% / 4h | 56m 14s | $238K | $812K | 50x |
| Short | Binance LAUSDT | 0.07417 | −0.0327 | pay 0.0164% / 4h | 56m 14s | $4.7M | $9.8M | 25x |
Gate LA_USDT
Binance LAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $76.18
- Price spread: +0.064% → −0.010%
- $7.47
- Slippage, 4 orders
- −$92.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.36
- Costs to cover
- 1.170%
- Break-even
- 10.1 days
Slippage from Gate: live order book, just now; Binance: live order book, 13 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, just now | 4.05 bp | 44.1 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.35 bp | 15.7 bp −$16 | 49.6 bp −$496 | doesn't fit | doesn't fit |
LA 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 LAUSDTM | −0.0984% | 4h | 0.07411 | −0.013% | $1.0M | $85K | 30x | as long as short |
| Gate LA_USDTlong | −0.0690% | 4h | 0.07412 | long leg | $238K | $812K | 50x | |
| OKX LA-USDT-SWAP | −0.0515% | 4h | 0.07414 | +0.027% | $1.3M | $3.1M | 20x | as long as short |
| BingX LA-USDT | −0.0492% | 4h | 0.07414 | +0.027% | — | $6.6M | — | as long as short |
| Aster LAUSDT | −0.0466% | 4h | 0.07411 | −0.009% | $51K | $24K | 5x | as long as short |
| Bitget LAUSDT | −0.0424% | 4h | 0.07405 | −0.094% | $2.0M | $493K | 25x | as long as short |
| Binance LAUSDTshort | −0.0327% | 4h | 0.07417 | +0.064% | $4.7M | $9.8M | 25x | |
| MEXC LA_USDT | −0.0324% | 4h | 0.07415 | +0.040% | $378K | $132K | 50x | as long as short |
| BloFin LA-USDT | −0.0279% | 4h | 0.07397 | −0.202% | $247K | $20K | 25x | as long as short |
| Bybit LAUSDT | +0.0100% | 4h | 0.07415 | +0.040% | $2.3M | $2.6M | 25x | as long as short |
KuCoin LAUSDTM
OKX LA-USDT-SWAP
BingX LA-USDT
Aster LAUSDT
Bitget LAUSDT
MEXC LA_USDT
BloFin LA-USDT
Bybit LAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07402 | −0.135% | $139K | $468K | 10x | as long as short |
GRVT LA_USDT_Perp