Funding you earn now, next payment 00:00 UTC−0.0296%/8h= −32.4% APRnext payment −$1.48 per $10,000 · paid last 24h +0.056%
Price spread now: Gate against BingX+0.120%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1061.057% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now +0.120%, 7d avg +0.078%
=The price spread pays, funding is against you. Gate is 0.043% dearer against BingX than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.078%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 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 | BingX PROM-USDT | 4.9830 | 0.0100 | pay 0.0050% / 4h | 2h 40m | — | $1.4M | — |
| Short | Gate PROM_USDT | 4.9890 | −0.0196 | pay 0.0098% / 4h | 2h 40m | $771K | $905K | 50x |
BingX PROM-USDT
Gate PROM_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
- −$62.16
- Price spread: +0.120% → +0.078%
- $4.26
- Slippage, 4 orders
- −$80.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$163.6
- Costs to cover
- 1.057%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Gate: live order book, 46 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 | 3.01 bp | 15.2 bp −$15 | 46.2 bp −$462 | 525.6 bp −$52.6K | 834.5 bp −$417.3K |
| Sell Gate live order book, 46 min ago | 2.98 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
PROM on 9 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 PROMUSDT | −0.0292% | 4h | 4.9864 | +0.068% | $133K | $22K | 5x | as long as short |
| Gate PROM_USDTshort | −0.0196% | 4h | 4.9890 | +0.120% | $771K | $905K | 50x | |
| Extended PROM-USD | +0.0008% | 1h | 4.9882 | +0.104% | $918 | — | 5x | as long as short |
| MEXC PROM_USDT | +0.0010% | 4h | 4.9830 | 0.000% | $423K | $156K | 20x | as long as short |
| Binance PROMUSDT | +0.0010% | 4h | 4.9845 | +0.031% | $16.2M | $8.2M | 50x | as long as short |
| KuCoin PROMUSDTM | +0.0016% | 4h | 4.9858 | +0.056% | $1.1M | $77K | 30x | as long as short |
| BloFin PROM-USDT | +0.0061% | 4h | 4.9770 | −0.120% | $814K | $299K | 50x | as long as short |
| Bitget PROMUSDT | +0.0100% | 4h | 4.9923 | +0.187% | $4.3M | $420K | 10x | as long as short |
| BingX PROM-USDTlong | +0.0100% | 4h | 4.9830 | long leg | — | $1.4M | — |
Aster PROMUSDT
Extended PROM-USD
MEXC PROM_USDT
Binance PROMUSDT
KuCoin PROMUSDTM
BloFin PROM-USDT
Bitget PROMUSDT