Funding you earn now, next payment 02:00 UTC−0.1182%/8h= −129.4% APRpaid last 24h −3.281%
Price spread now: Gate against BingX−1.340%7-day average −1.286% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,354as in the Price arb table
costs, in and out, $10k−$1,34813.483% of the position
Funding, last 5 days (all we have)−3.365%−$336 on $10k
+Price spread, last 4 days (all we have)−0.433%−$43 · spread now −1.340%, 7d avg −1.286%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Gate is 0.054% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −1.286%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MUSEBOOK-USDT | 0.0001925 | 0.0206 | pay 0.0103% / 4h | 2h 09m | — | $1.4M | — |
| Short | Gate MUSEBOOK_USDT | 0.0001899 | −0.0976 | pay 0.0122% / 1h | 9m 39s | $229K | $3.6M | 10x |
BingX MUSEBOOK-USDT
Gate MUSEBOOK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$248.22
- Price spread: −1.340% → −1.286%
- −$5.4
- Slippage, 4 orders
- −$1,323.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,601.95
- Costs to cover
- 13.483%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Gate: 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 BingX live order book, 6 min ago | 43.21 bp | 407.1 bp −$407 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 34.79 bp | 241.8 bp −$242 | doesn't fit | doesn't fit | doesn't fit |
MUSEBOOK on 3 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 MUSEBOOK_USDTshort | −0.0976% | 1h | 0.0001899 | −1.340% | $229K | $3.6M | 10x | |
| BingX MUSEBOOK-USDTlong | +0.0206% | 4h | 0.0001925 | long leg | — | $1.4M | — | |
| MEXC MUSEBOOK_USDT | +0.0294% | 4h | 0.0001912 | −0.655% | $233K | $567K | 20x | as long as short |
MEXC MUSEBOOK_USDT