Funding you earn now, next payment 08:00 UTC+0.1508%/8h= +165.1% APRnext payment +$7.54 per $10,000 · paid last 24h +0.239%
Price spread now: Gate against BingX−0.413%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2122.122% of the position
Funding, last 7 days+0.560%+$56 on $10k
+Price spread, last 7 days+0.376%+$38 · spread now −0.413%, 7d avg +0.006%
=Funding pays, the price is against you. Gate is 0.418% cheaper against BingX than usual: you would sell low and buy high (spread −0.413% now, against its 7-day average of +0.006%). If the spread goes back, that is −$42 on $10k: about 22 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.560% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.560% in total (about 29.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.54 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 PTB-USDT | 0.001042 | 0.0728 | pay 0.0364% / 4h | 2h 32m | — | $2.0M | — |
| Short | Gate PTB_USDT | 0.001038 | 0.2236 | get 0.1118% / 4h | 2h 32m | $1.8M | $3.7M | 25x |
BingX PTB-USDT
Gate PTB_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
- $316.68
- Price spread: −0.413% → +0.006%
- −$41.83
- Slippage, 4 orders
- −$187.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $62.65
- Costs to cover
- 2.122%
- Break-even
- 5.6 days
Slippage from BingX: live order book, 1 min ago; Gate: live order book, 1 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 | 3.36 bp | 36.6 bp −$37 | 142.0 bp −$1,420 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 16.35 bp | 93.8 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 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 | 0.001044 | +0.163% | $1.5M | $17.0M | 25x | as long as short |
| Variational Omni PTB | +0.0100% | 4h | 0.001051 | +0.809% | $31K | $62K | — | as long as short |
| BingX PTB-USDTlong | +0.0728% | 4h | 0.001042 | long leg | — | $2.0M | — | |
| BloFin PTB-USDT | +0.0767% | 4h | 0.001040 | −0.182% | $427K | $432K | 20x | as long as short |
| Binance PTBUSDT | +0.0780% | 4h | 0.001043 | +0.038% | $7.3M | $101.5M | 20x | as long as short |
| Extended kPTB-USD | +0.0784% | 1h | 0.001042 | −0.016% | $4K | $42K | 5x | as long as short |
| MEXC PTB_USDT | +0.0792% | 4h | 0.001043 | +0.048% | $333K | $622K | 20x | as long as short |
| KuCoin PTBUSDTM | +0.1046% | 4h | 0.001040 | −0.182% | $1.6M | $6.4M | 20x | as long as short |
| Aster PTBUSDT | +0.1102% | 4h | 0.001040 | −0.259% | $79K | $757K | 5x | as long as short |
| Gate PTB_USDTshort | +0.2236% | 4h | 0.001038 | −0.413% | $1.8M | $3.7M | 25x |
Bybit PTBUSDT
Variational Omni PTB
BloFin PTB-USDT
Binance PTBUSDT
Extended kPTB-USD
MEXC PTB_USDT
KuCoin PTBUSDTM
Aster PTBUSDT