Q

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0825%/8h= −90.3% APRnext payment −$4.13 per $10,000 · paid last 24h −0.093%

Price spread now: Gate against Binance−0.063%7-day average −0.221% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 7 days−0.122%−$12 · spread now −0.063%, 7d avg −0.221%

Together, before fees−0.425%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.157% dearer against Binance than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.221%): +$16 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.303% in total) that is about 3.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.303% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.13 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	Binance QUSDT	0.02528	0.0925	pay 0.0463% / 4h	2h 10m	$7.0M	$1.4M	20x
Short	Gate Q_USDT	0.02526	0.0100	get 0.0050% / 4h	2h 10m	$1.2M	$292K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.063%Rate

Funding earned: −$173.26
Price spread: −0.063% → −0.221%: $15.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$182.52
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Gate: live order book, 2 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 Binance live order book, 14 min ago	0.59 bp	32.8 bp −$33	449.8 bp −$4,498	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.95 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Q 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
Gate Q_USDTshort	+0.0100%	4h	0.02526	−0.063%	$1.2M	$292K	10x
KuCoin QUSDTM	+0.0100%	4h	0.02523	−0.202%	$668K	$19K	20x	as long as short
Bitget QUSDT	+0.0100%	4h	0.02525	−0.115%	$2.2M	$123K	20x	as long as short
Bybit QUSDT	+0.0425%	4h	0.02527	−0.012%	$1.5M	$352K	13x	as long as short
Variational Omni Q	+0.0463%	4h	0.02529	+0.038%	$610	$2K	—	as long as short
Aster QUSDT	+0.0834%	4h	0.02526	−0.069%	$58K	$52K	5x	as long as short
BingX Q-USDT	+0.0884%	4h	0.02525	−0.095%	—	$1.3M	—	as long as short
Binance QUSDTlong	+0.0925%	4h	0.02528	long leg	$7.0M	$1.4M	20x
Extended Q-USD	+0.0928%	1h	0.02527	−0.025%	$8K	$164K	5x	as long as short
MEXC Q_USDT	+0.0928%	4h	0.02527	−0.004%	$122K	$88K	50x	as long as short