Funding you earn now, next payment 04:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.85 per $10,000 · paid last 24h +0.234%
Price spread now: Gate against Binance−0.038%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2482.480% of the position
Funding, last 7 days+0.894%+$89 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.038%, 7d avg +0.011%
=Funding pays, the price is against you. Gate is 0.049% cheaper against Binance than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.011%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.894% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PTBUSDT | 0.001118 | 0.0389 | pay 0.0194% / 4h | 2h 33m | $8.1M | $186.9M | 20x |
| Short | Gate PTB_USDT | 0.001118 | 0.0558 | get 0.0279% / 4h | 2h 33m | $1.9M | $7.4M | 25x |
Binance PTBUSDT
Gate PTB_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
- $35.57
- Price spread: −0.038% → +0.011%
- −$4.93
- Slippage, 4 orders
- −$222.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$217.36
- Costs to cover
- 2.480%
- Break-even
- 49.8 days
Slippage from Binance: live order book, 10 min ago; Gate: live order book, just now.
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, 10 min ago | 2.74 bp | 34.5 bp −$35 | 199.0 bp −$1,990 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 9.41 bp | 87.6 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
PTB 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDT | +0.0100% | 4h | 0.001118 | −0.021% | $1.7M | $28.2M | 25x | as long as short |
| Variational Omni PTB | +0.0100% | 4h | 0.001108 | −0.917% | $32K | $92K | — | as long as short |
| Aster PTBUSDT | +0.0129% | 4h | 0.001115 | −0.262% | $93K | $1.1M | 5x | as long as short |
| BingX PTB-USDT | +0.0374% | 4h | 0.001118 | +0.015% | — | $2.5M | — | as long as short |
| MEXC PTB_USDT | +0.0382% | 4h | 0.001116 | −0.182% | $368K | $1.2M | 20x | as long as short |
| Binance PTBUSDTlong | +0.0389% | 4h | 0.001118 | long leg | $8.1M | $186.9M | 20x | |
| Extended kPTB-USD | +0.0392% | 1h | 0.001116 | −0.190% | $4K | $45K | 5x | as long as short |
| KuCoin PTBUSDTM | +0.0498% | 4h | 0.001116 | −0.208% | $1.7M | $8.6M | 20x | as long as short |
| Gate PTB_USDTshort | +0.0558% | 4h | 0.001118 | −0.038% | $1.9M | $7.4M | 25x |
Bybit PTBUSDT
Variational Omni PTB
Aster PTBUSDT
BingX PTB-USDT
MEXC PTB_USDT
Extended kPTB-USD
KuCoin PTBUSDTM