Funding you earn now, next payment 00:00 UTC−0.0718%/8h= −78.6% APRpaid last 24h −0.123%
Price spread now: Gate against Binance−0.454%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$1741.735% of the position
Funding, last 7 days−0.387%−$39 on $10k
+Price spread, last 7 days+0.380%+$38 · spread now −0.454%, 7d avg −0.110%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Gate is 0.344% cheaper against Binance than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.387% in total (about -20.2% a year). A funding rate is set anew for every payment. 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 | Binance MUSDT | 1.4755 | 0.0818 | pay 0.0409% / 4h | 1h 56m | $5.5M | $4.5M | 10x |
| Short | Gate M_USDT | 1.4688 | 0.0100 | get 0.0100% / 8h | 1h 56m | $2.0M | $879K | 10x |
Binance MUSDT
Gate M_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$150.78
- Price spread: −0.454% → −0.110%
- −$34.41
- Slippage, 4 orders
- −$148.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$358.73
- Costs to cover
- 1.735%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Gate: live order book, 1 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 Binance live order book, 11 min ago | 3.06 bp | 38.6 bp −$39 | 400.0 bp −$4,000 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 15.32 bp | 49.0 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4746 | −0.061% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDTshort | +0.0100% | 8h | 1.4688 | −0.454% | $2.0M | $879K | 10x | |
| Bitget MUSDT | +0.0100% | 4h | 1.4747 | −0.054% | $1.9M | $347K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4623 | −0.891% | $90K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4715 | −0.271% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4709 | −0.312% | $2K | $549K | 20x | as long as short |
| Aster MUSDT | +0.0491% | 4h | 1.4714 | −0.281% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.0740% | 4h | 1.4691 | −0.434% | — | $2.4M | — | as long as short |
| KuCoin MUSDTM | +0.0766% | 4h | 1.4614 | −0.957% | $1.4M | $4.4M | 10x | as long as short |
| MEXC M_USDT | +0.0802% | 4h | 1.4737 | −0.122% | $247K | $109K | 50x | as long as short |
Bybit MUSDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
KuCoin MUSDTM
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTlong | +0.0818% | 4h | 1.4755 | long leg | $5.5M | $4.5M | 10x | |
| BloFin M-USDT | +0.0841% | 4h | 1.4713 | −0.285% | $351K | $405K | 10x | as long as short |
BloFin M-USDT