Funding you earn now, next payment 00:00 UTC+0.1042%/8h= +114.1% APRnext payment +$5.21 per $10,000 · paid last 24h +0.065%
Price spread now: Gate against Bitget+0.112%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.112%, 7d avg +0.139%
=Funding pays, the price is against you. Gate is 0.027% cheaper against Bitget than usual: you would sell low and buy high (spread +0.112% now, against its 7-day average of +0.139%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.558% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.558% in total (about 29.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.21 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 | Bitget PIUSDT | 0.08930 | −0.0942 | get 0.0471% / 4h | 2h 18m | $4.8M | $1.6M | 50x |
| Short | Gate PI_USDT | 0.08940 | 0.0100 | get 0.0050% / 4h | 2h 18m | $2.6M | $2.0M | 50x |
Bitget PIUSDT
Gate PI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $218.82
- Price spread: +0.112% → +0.139%
- −$2.73
- Slippage, 4 orders
- −$64.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $124.48
- Costs to cover
- 0.916%
- Break-even
- 3.0 days
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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 Bitget live order book, 5 min ago | 5.61 bp | 18.1 bp −$18 | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.60 bp | 18.7 bp −$19 | 134.0 bp −$1,340 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTlong | −0.0942% | 4h | 0.08930 | long leg | $4.8M | $1.6M | 50x | |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.08948 | +0.202% | $2.7M | $5.7M | 20x | as long as short |
| Gate PI_USDTshort | +0.0100% | 4h | 0.08940 | +0.112% | $2.6M | $2.0M | 50x | |
| MEXC PI_USDT | +0.0100% | 4h | 0.08948 | +0.202% | $9.2M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.08946 | +0.179% | — | $6.6M | — | as long as short |
| Injective PI/USDC PERP | +0.0179% | 1h | 0.08920 | −0.112% | $1 | $57K | 5.5x | as long as short |
OKX PI-USDT-SWAP
MEXC PI_USDT
BingX PI-USDT
Injective PI/USDC PERP