Funding you earn now, next payment 04:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.061%
Price spread now: Binance against Gate−0.417%7-day average −0.138% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.548%−$55 on $10k
+Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.417%, 7d avg −0.138%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.279% cheaper against Gate than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PLAY_USDT | 0.02880 | 0.0470 | pay 0.0235% / 4h | 1h 45m | $500K | $518K | 10x |
| Short | Binance PLAYUSDT | 0.02868 | 0.0100 | get 0.0050% / 4h | 1h 45m | $4.6M | $10.7M | 10x |
Gate PLAY_USDT
Binance PLAYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$77.7
- Price spread: −0.417% → −0.138%
- −$27.87
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$130.57
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 16 min ago; Binance: live order book, 10 min ago. Net counts fees only.
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, 16 min ago | 6.94 bp | 211.2 bp −$211 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.75 bp | 42.9 bp −$43 | 236.3 bp −$2,363 | doesn't fit | doesn't fit |
PLAY on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PLAYUSDT | −0.0156% | 4h | 0.02868 | −0.416% | $1.8M | $1.1M | 5x | as long as short |
| Binance PLAYUSDTshort | +0.0100% | 4h | 0.02868 | −0.417% | $4.6M | $10.7M | 10x | |
| MEXC PLAY_USDT | +0.0100% | 4h | 0.02868 | −0.417% | $7.9M | $615K | 20x | as long as short |
| Extended PLAY-USD | +0.0104% | 1h | 0.02867 | −0.443% | $2K | $121K | 5x | as long as short |
| Gate PLAY_USDTlong | +0.0470% | 4h | 0.02880 | long leg | $500K | $518K | 10x |
Aster PLAYUSDT
MEXC PLAY_USDT
Extended PLAY-USD