Funding you earn now, next payment 04:00 UTC+0.1068%/8h= +116.9% APRnext payment +$5.34 per $10,000 · paid last 24h +0.204%
Price spread now: BingX against Gate+0.118%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.412%+$41 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now +0.118%, 7d avg +0.139%
=Funding pays, the price is against you. BingX is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.139%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.412% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.412% in total (about 21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.34 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 | Gate Q_USDT | 0.02538 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $1.2M | $286K | 10x |
| Short | BingX Q-USDT | 0.02541 | 0.1168 | get 0.0584% / 4h | 3h 44m | — | $1.3M | — |
Gate Q_USDT
BingX Q-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $224.28
- Price spread: +0.118% → +0.139%
- −$2.11
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $197.17
- Costs to cover
- 0.250%
- Break-even
- 0.8 days
Slippage unknown: Gate: live order book, 3 min ago; BingX: live order book, 6 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 Gate live order book, 3 min ago | 9.28 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 40.24 bp | 73.5 bp −$73 | 205.2 bp −$2,052 | 1161.5 bp −$116.2K | 1380.3 bp −$690.1K |
Q on 11 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_USDTlong | +0.0100% | 4h | 0.02538 | long leg | $1.2M | $286K | 10x | |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02534 | −0.154% | $671K | $20K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02535 | −0.114% | $2.3M | $128K | 20x | as long as short |
| Variational Omni Q | +0.0199% | 4h | 0.02538 | −0.004% | $2K | $1K | — | as long as short |
| Bybit QUSDT | +0.0883% | 4h | 0.02541 | +0.130% | $1.5M | $357K | 13x | as long as short |
| Aster QUSDT | +0.1039% | 4h | 0.02535 | −0.108% | $59K | $52K | 5x | as long as short |
| BingX Q-USDTshort | +0.1168% | 4h | 0.02541 | +0.118% | — | $1.3M | — | |
| Extended Q-USD | +0.1240% | 1h | 0.02542 | +0.162% | $8K | $166K | 5x | as long as short |
| MEXC Q_USDT | +0.1240% | 4h | 0.02542 | +0.173% | $122K | $86K | 50x | as long as short |
| Binance QUSDT | +0.1243% | 4h | 0.02543 | +0.190% | $7.0M | $1.4M | 20x | as long as short |
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Bybit QUSDT
Aster QUSDT
Extended Q-USD
MEXC Q_USDT
Binance QUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin Q-USDT | +0.1264% | 4h | 0.02541 | +0.110% | $376K | $74K | 40x | as long as short |
BloFin Q-USDT