Funding you earn now, next payment 04:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.016%
Price spread now: Bitget against Gate+0.504%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bitget is 0.504% dearer against Gate than usual: you sell high and buy low (spread +0.504% now, against zero (this spread has no 7-day history yet)): +$50 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.009% in total) that is about 14 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.4% a year). A funding rate is set anew for every payment. 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 RPL_USDT | 1.9830 | 0.0580 | pay 0.0580% / 8h | 5h 20m | $64K | $26K | 20x |
| Short | Bitget RPLUSDT | 1.9930 | 0.0100 | get 0.0050% / 4h | 1h 20m | $425K | $167K | 50x |
Gate RPL_USDT
Bitget RPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$100.8
- Price spread: +0.504% → 0.000%
- $50.43
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$77.37
- Costs to cover
- 0.270%
- Break-even
- from the start
Slippage unknown: Gate: no order-book sample; Bitget: live order book, 35 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 no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 35 min ago | 2.53 bp | 48.7 bp −$49 | 316.9 bp −$3,169 | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RPL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RPL/USDC PERP | +0.0033% | 1h | 1.9480 | −1.765% | $201 | $472 | 5.5x | as long as short |
| Aster RPLUSDT | +0.0100% | 4h | 1.9893 | +0.316% | $100K | $33K | 5x | as long as short |
| Binance RPLUSDT | +0.0100% | 4h | 1.9910 | +0.403% | $1.2M | $1.5M | 50x | as long as short |
| Bybit RPLUSDT | +0.0100% | 4h | 1.9950 | +0.605% | $389K | $242K | 20x | as long as short |
| MEXC RPL_USDT | +0.0100% | 4h | 1.9910 | +0.403% | $312K | $172K | 20x | as long as short |
| Bitget RPLUSDTshort | +0.0100% | 4h | 1.9930 | +0.504% | $425K | $167K | 50x | |
| BingX RPL-USDT | +0.0100% | 4h | 1.9940 | +0.555% | — | $1.3M | — | as long as short |
| Variational Omni RPL | +0.0100% | 4h | 1.9961 | +0.662% | $15K | $2K | — | as long as short |
| Gate RPL_USDTlong | +0.0580% | 8h | 1.9830 | long leg | $64K | $26K | 20x |
Injective RPL/USDC PERP
Aster RPLUSDT
Binance RPLUSDT
Bybit RPLUSDT
MEXC RPL_USDT
BingX RPL-USDT
Variational Omni RPL