Funding you earn now, next payment 04:00 UTC−0.0818%/8h= −89.6% APRnext payment −$4.09 per $10,000 · paid last 24h −0.152%
Price spread now: BingX against Gate+0.137%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1351.350% of the position
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.137%, 7d avg −0.061%
=The price spread pays, funding is against you. BingX is 0.198% dearer against Gate than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of −0.061%): +$20 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.095% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.09 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 RIF_USDT | 0.08784 | 0.0888 | pay 0.0444% / 4h | 1h 43m | $147K | $411K | 20x |
| Short | BingX RIF-USDT | 0.08796 | 0.0070 | get 0.0035% / 4h | 1h 43m | — | $2.3M | — |
Gate RIF_USDT
BingX RIF-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
- −$171.78
- Price spread: +0.137% → −0.061%
- $19.77
- Slippage, 4 orders
- −$110
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$287.01
- Costs to cover
- 1.350%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; BingX: live order book, 5 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, 18 min ago | 6.24 bp | 54.7 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 1.14 bp | 19.4 bp −$19 | 72.2 bp −$722 | 458.4 bp −$45.8K | 511.7 bp −$255.9K |
RIF on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX RIF-USDTshort | +0.0070% | 4h | 0.08796 | +0.137% | — | $2.3M | — | |
| Aster RIFUSDT | +0.0100% | 4h | 0.08785 | +0.007% | $74K | $8K | 5x | as long as short |
| Binance RIFUSDT | +0.0100% | 4h | 0.08794 | +0.114% | $2.0M | $3.1M | 50x | as long as short |
| MEXC RIF_USDT | +0.0100% | 4h | 0.08786 | +0.023% | $9.0M | $66K | 20x | as long as short |
| KuCoin RIFUSDTM | +0.0100% | 4h | 0.08779 | −0.057% | $57K | $37K | 20x | as long as short |
| Gate RIF_USDTlong | +0.0888% | 4h | 0.08784 | long leg | $147K | $411K | 20x |
Aster RIFUSDT
Binance RIFUSDT
MEXC RIF_USDT
KuCoin RIFUSDTM