Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRnext payment −$1.95 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance−0.045%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1201.198% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.045%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.053% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.95 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 | Binance NOTUSDT | 0.0005091 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $2.1M | $3.1M | 50x |
| Short | Gate NOT_USDT | 0.0005089 | −0.0290 | pay 0.0145% / 4h | 3h 44m | $141K | $78K | 50x |
Binance NOTUSDT
Gate NOT_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
- −$81.9
- Price spread: −0.045% → +0.008%
- −$5.32
- Slippage, 4 orders
- −$94.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$207.01
- Costs to cover
- 1.198%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 21 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, 6 min ago | 0.98 bp | 18.6 bp −$19 | 99.4 bp −$994 | doesn't fit | doesn't fit |
| Sell Gate live order book, 21 min ago | 6.86 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
NOT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NOTUSD | −0.0333% | 1h | 0.0005088 | −0.063% | $50K | $10K | 10x | as long as short |
| Gate NOT_USDTshort | −0.0290% | 4h | 0.0005089 | −0.045% | $141K | $78K | 50x | |
| Bybit NOTUSDT | −0.0119% | 4h | 0.0005083 | −0.163% | $2.1M | $828K | 25x | as long as short |
| Variational Omni NOT | −0.0097% | 4h | 0.0005078 | −0.257% | $72K | $39K | — | as long as short |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −4.268% | $1K | $13K | 5.5x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005100 | +0.165% | $11K | $5K | 3x | as long as short |
| BloFin NOT-USDT | +0.0097% | 4h | 0.0005087 | −0.084% | $112K | $17K | 50x | as long as short |
| Hyperliquid NOT | +0.0100% | 1h | 0.0005090 | −0.026% | $372K | $50K | 3x | as long as short |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005089 | −0.051% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDTlong | +0.0100% | 4h | 0.0005091 | long leg | $2.1M | $3.1M | 50x |
Kraken Futures PF_NOTUSD
Bybit NOTUSDT
Variational Omni NOT
Injective NOT/USDC PERP
Lighter 1000NOT
BloFin NOT-USDT
Hyperliquid NOT
Aster NOTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005089 | −0.045% | $632K | $612K | 20x | as long as short |
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005091 | −0.006% | $1.4M | $461K | 200x | as long as short |
| KuCoin NOTUSDTM | +0.0100% | 4h | 0.0005082 | −0.183% | $464K | $136K | 50x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005093 | +0.033% | $668K | $389K | 50x | as long as short |
| BingX NOT-USDT | +0.0100% | 4h | 0.0005087 | −0.084% | — | $7.4M | — | as long as short |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005090 | −0.023% | $4K | $491 | 5x | as long as short |
OKX NOT-USDT-SWAP
MEXC NOT_USDT
KuCoin NOTUSDTM
Bitget NOTUSDT
BingX NOT-USDT
Extended kNOT-USD