Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.54 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against Gate−0.204%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1691.692% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.204%, 7d avg −0.151%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.054% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate REZ_USDT | 0.003873 | 0.0208 | pay 0.0104% / 4h | 43m 26s | $388K | $111K | 10x |
| Short | Binance REZUSDT | 0.003865 | 0.0100 | get 0.0050% / 4h | 43m 26s | $4.9M | $8.3M | 50x |
Gate REZ_USDT
Binance REZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$22.68
- Price spread: −0.204% → −0.151%
- −$5.38
- Slippage, 4 orders
- −$144.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$197.26
- Costs to cover
- 1.692%
- Break-even
- never at this rate
Slippage from Gate: live order book, 57 min ago; Binance: live order book, 11 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 Gate live order book, 57 min ago | 1.30 bp | 69.1 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.30 bp | 16.4 bp −$16 | 63.8 bp −$638 | doesn't fit | doesn't fit |
REZ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin REZ-USDT | +0.0065% | 4h | 0.003864 | −0.232% | $320K | $42K | 50x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003866 | −0.186% | $18K | $39K | 5x | as long as short |
| Binance REZUSDTshort | +0.0100% | 4h | 0.003865 | −0.204% | $4.9M | $8.3M | 50x | |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003865 | −0.207% | $1.4M | $402K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003865 | −0.207% | $451K | $74K | 30x | as long as short |
| Bitget REZUSDT | +0.0100% | 4h | 0.003866 | −0.181% | $614K | $1.2M | 50x | as long as short |
| Gate REZ_USDTlong | +0.0208% | 4h | 0.003873 | long leg | $388K | $111K | 10x | |
| Variational Omni REZ | +0.0230% | 4h | 0.003868 | −0.136% | $88K | $49K | — | as long as short |
| BingX REZ-USDT | +0.0466% | 4h | 0.003868 | −0.129% | — | $6.6M | — | as long as short |
| Bybit REZUSDT | +0.0476% | 4h | 0.003869 | −0.103% | $1.5M | $1.0M | 25x | as long as short |
BloFin REZ-USDT
Aster REZUSDT
MEXC REZ_USDT
KuCoin REZUSDTM
Bitget REZUSDT
Variational Omni REZ
BingX REZ-USDT
Bybit REZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0582% | 1h | 0.003865 | −0.215% | $44K | $10K | 10x | as long as short |
| Hyperliquid REZ | +0.0670% | 1h | 0.003873 | 0.000% | $1.6M | $505K | 3x | as long as short |
Kraken Futures PF_REZUSD
Hyperliquid REZ