Funding you earn now, next payment 04:00 UTC−0.0556%/8h= −60.9% APRpaid last 24h +3.617%
Price spread now: BingX against Gate+2.107%7-day average +1.031% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,112as in the Price arb table
costs, in and out, $10k−$1,22012.196% of the position
Funding, last 5 days (all we have)+3.700%+$370 on $10k
+Price spread, last 5 days (all we have)−5.040%−$504 · spread now +2.107%, 7d avg +1.031%
=The price spread pays, funding is against you. BingX is 1.076% dearer against Gate than usual: you sell high and buy low (spread +2.107% now, against its 7-day average of +1.031%): +$108 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6.4 days. Mind the row above: over the last 5 days funding on this pair paid +3.700%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MUSEBOOK_USDT | 0.0001851 | 0.0736 | pay 0.0092% / 1h | 30m 36s | $228K | $3.9M | 10x |
| Short | BingX MUSEBOOK-USDT | 0.0001890 | 0.0180 | get 0.0090% / 4h | 30m 36s | — | $1.5M | — |
Gate MUSEBOOK_USDT
BingX MUSEBOOK-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
- −$116.76
- Price spread: +2.107% → +1.031%
- $107.56
- Slippage, 4 orders
- −$1,194.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,228.79
- Costs to cover
- 12.196%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; BingX: 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 Gate live order book, 2 min ago | 21.69 bp | 214.1 bp −$214 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 26.86 bp | 375.9 bp −$376 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MUSEBOOK-USDTshort | +0.0180% | 4h | 0.0001890 | +2.107% | — | $1.5M | — | |
| MEXC MUSEBOOK_USDT | +0.0256% | 4h | 0.0001894 | +2.306% | $230K | $590K | 20x | as long as short |
| Gate MUSEBOOK_USDTlong | +0.0736% | 1h | 0.0001851 | long leg | $228K | $3.9M | 10x |
MEXC MUSEBOOK_USDT