Funding you earn now, next payment 08:00 UTC+0.0746%/8h= +81.7% APRpaid last 24h +0.170%
Price spread now: BingX against Gate+0.190%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1761.762% of the position
Funding, last 7 days+0.360%+$36 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now +0.190%, 7d avg +0.102%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BingX is 0.088% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.360% in total (about 18.8% 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 | Gate M_USDT | 1.3688 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $1.9M | $927K | 10x |
| Short | BingX M-USDT | 1.3714 | 0.0846 | get 0.0423% / 4h | 2h 00m | — | $2.4M | — |
Gate M_USDT
BingX M-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
- $156.66
- Price spread: +0.190% → +0.102%
- $8.81
- Slippage, 4 orders
- −$151.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$10.77
- Costs to cover
- 1.762%
- Break-even
- 7.5 days
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 3 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, 2 min ago | 6.95 bp | 69.3 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 9.89 bp | 20.4 bp −$20 | 75.9 bp −$759 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDTlong | +0.0100% | 8h | 1.3688 | long leg | $1.9M | $927K | 10x | |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3703 | +0.110% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3724 | +0.263% | $2K | $834K | 20x | as long as short |
| Bybit MUSDT | +0.0516% | 4h | 1.3712 | +0.175% | $4.3M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0581% | 4h | 1.3664 | −0.173% | $14K | $83K | 5x | as long as short |
| Bitget MUSDT | +0.0594% | 4h | 1.3700 | +0.088% | $1.8M | $251K | 10x | as long as short |
| BingX M-USDTshort | +0.0846% | 4h | 1.3714 | +0.190% | — | $2.4M | — | |
| MEXC M_USDT | +0.0886% | 4h | 1.3710 | +0.161% | $233K | $110K | 50x | as long as short |
| Binance MUSDT | +0.0888% | 4h | 1.3713 | +0.184% | $5.4M | $4.0M | 10x | as long as short |
| Variational Omni M | +0.0898% | 4h | 1.3709 | +0.157% | $91K | $50K | — | as long as short |
Orderly PERP_M_USDC
SunX M-USDT
Bybit MUSDT
Aster MUSDT
Bitget MUSDT
MEXC M_USDT
Binance MUSDT
Variational Omni MShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0924% | 4h | 1.3656 | −0.234% | $348K | $447K | 10x | as long as short |
| KuCoin MUSDTM | +0.2320% | 4h | 1.3568 | −0.873% | $1.4M | $3.8M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM