Funding you earn now, next payment 12:00 UTC−0.1088%/8h= −119.1% APRnext payment −$5.44 per $10,000 · paid last 24h −0.008%
Price spread now: Gate against Binance+0.134%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$317as in the Price arb table
costs, in and out, $10k−$3353.347% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.134%, 7d avg −0.047%
=The price spread pays, funding is against you. Gate is 0.181% dearer against Binance than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of −0.047%): +$18 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.44 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 SAFEUSDT | 0.1095 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $1.1M | $1.6M | 50x |
| Short | Gate SAFE_USDT | 0.1096 | −0.0988 | pay 0.0494% / 4h | 3h 23m | $710K | $47K | 50x |
Binance SAFEUSDT
Gate SAFE_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$228.48
- Price spread: +0.134% → −0.047%
- $18.11
- Slippage, 4 orders
- −$309.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$545.04
- Costs to cover
- 3.347%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Gate: live order book, 8 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 Binance live order book, 10 min ago | 2.29 bp | 37.6 bp −$38 | 191.6 bp −$1,916 | doesn't fit | doesn't fit |
| Sell Gate live order book, 8 min ago | 5.05 bp | 173.5 bp −$174 | doesn't fit | doesn't fit | doesn't fit |
SAFE 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SAFE_USDTshort | −0.0988% | 4h | 0.1096 | +0.134% | $710K | $47K | 50x | |
| Injective SAFE/USDC PERP | +0.0033% | 1h | 0.1002 | −8.496% | $9 | $19K | 5.5x | as long as short |
| Binance SAFEUSDTlong | +0.0100% | 4h | 0.1095 | long leg | $1.1M | $1.6M | 50x | |
| Bybit SAFEUSDT | +0.0100% | 4h | 0.1092 | −0.241% | $1.4M | $354K | 25x | as long as short |
| MEXC SAFE_USDT | +0.0100% | 4h | 0.1094 | −0.095% | $415K | $105K | 100x | as long as short |
| Bitget SAFEUSDT | +0.0100% | 4h | 0.1096 | +0.088% | $387K | $185K | 50x | as long as short |
| BingX SAFE-USDT | +0.0100% | 4h | 0.1093 | −0.204% | — | $6.5M | — | as long as short |
| Variational Omni SAFE | +0.0100% | 4h | 0.1086 | −0.785% | $3K | $218 | — | as long as short |
| BloFin SAFE-USDT | +0.0155% | 4h | 0.1091 | −0.323% | $72K | $8K | 50x | as long as short |
Injective SAFE/USDC PERP
Bybit SAFEUSDT
MEXC SAFE_USDT
Bitget SAFEUSDT
BingX SAFE-USDT
Variational Omni SAFE
BloFin SAFE-USDT