Funding you earn now, next payment 00:00 UTC+0.0636%/8h= +69.6% APRnext payment +$3.18 per $10,000 · paid last 24h +0.060%
Price spread now: Gate against BingX+0.190%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$367as in the Funding arb table
Net, price: spread back to 7d avg − costs−$371as in the Price arb table
costs, in and out, $10k−$3853.848% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.190%, 7d avg +0.052%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Gate is 0.138% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.052%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.18 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 PROMPT-USDT | 0.02101 | 0.0282 | pay 0.0141% / 4h | 1h 49m | — | $6.5M | — |
| Short | Gate PROMPT_USDT | 0.02105 | 0.0918 | get 0.0459% / 4h | 1h 49m | $516K | $63K | 20x |
BingX PROMPT-USDT
Gate PROMPT_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
- $133.56
- Price spread: +0.190% → +0.052%
- $13.84
- Slippage, 4 orders
- −$359.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$237.42
- Costs to cover
- 3.848%
- Break-even
- 19.4 days
Slippage from BingX: live order book, 1 min ago; Gate: live order book, 31 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, 1 min ago | 7.12 bp | 43.1 bp −$43 | 112.7 bp −$1,127 | 1280.9 bp −$128.1K | 1522.2 bp −$761.1K |
| Sell Gate live order book, 31 min ago | 16.55 bp | 127.7 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
PROMPT 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 PROMPTUSDT | +0.0100% | 4h | 0.02104 | +0.137% | $3K | $150 | 5x | as long as short |
| Binance PROMPTUSDT | +0.0100% | 4h | 0.02101 | −0.016% | $1.1M | $1.2M | 40x | as long as short |
| MEXC PROMPT_USDT | +0.0100% | 4h | 0.02101 | 0.000% | $97K | $92K | 20x | as long as short |
| Variational Omni PROMPT | +0.0100% | 4h | 0.02105 | +0.182% | $3K | $1K | — | as long as short |
| Bybit PROMPTUSDT | +0.0204% | 4h | 0.02102 | +0.048% | $316K | $139K | 5x | as long as short |
| BingX PROMPT-USDTlong | +0.0282% | 4h | 0.02101 | long leg | — | $6.5M | — | |
| KuCoin PROMPTUSDTM | +0.0724% | 4h | 0.02114 | +0.619% | $78K | $70K | 30x | as long as short |
| Gate PROMPT_USDTshort | +0.0918% | 4h | 0.02105 | +0.190% | $516K | $63K | 20x | |
| Kraken Futures PF_PROMPTUSD | +3.9632% | 1h | 0.02121 | +0.947% | $2K | $3K | 10x | as long as short |
Aster PROMPTUSDT
Binance PROMPTUSDT
MEXC PROMPT_USDT
Variational Omni PROMPT
Bybit PROMPTUSDT
KuCoin PROMPTUSDTM
Kraken Futures PF_PROMPTUSD