Funding you earn now, next payment 04:00 UTC−0.0448%/8h= −49.1% APRnext payment −$2.24 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.018%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$370as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3693.691% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.018%, 7d avg +0.017%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.24 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 SAFE_USDT | 0.1083 | 0.0548 | pay 0.0274% / 4h | 2h 12m | $706K | $70K | 50x |
| Short | Bitget SAFEUSDT | 0.1083 | 0.0100 | get 0.0050% / 4h | 2h 12m | $396K | $266K | 50x |
Gate SAFE_USDT
Bitget SAFEUSDTFunding 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
- −$94.08
- Price spread: −0.018% → +0.017%
- −$3.52
- Slippage, 4 orders
- −$342.12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$466.72
- Costs to cover
- 3.691%
- Break-even
- never at this rate
Slippage from Gate: live order book, 54 min ago; Bitget: live order book, 48 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, 54 min ago | 6.90 bp | 124.7 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 48 min ago | 9.28 bp | 32.9 bp −$33 | 158.9 bp −$1,589 | doesn't fit | doesn't fit |
SAFE on 8 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 SAFE/USDC PERP | +0.0033% | 1h | 0.1002 | −7.496% | $9 | $19K | 5.5x | as long as short |
| Binance SAFEUSDT | +0.0100% | 4h | 0.1083 | +0.018% | $1.1M | $2.1M | 50x | as long as short |
| Bybit SAFEUSDT | +0.0100% | 4h | 0.1080 | −0.286% | $1.3M | $645K | 25x | as long as short |
| MEXC SAFE_USDT | +0.0100% | 4h | 0.1083 | −0.009% | $394K | $130K | 100x | as long as short |
| Bitget SAFEUSDTshort | +0.0100% | 4h | 0.1083 | −0.018% | $396K | $266K | 50x | |
| BingX SAFE-USDT | +0.0100% | 4h | 0.1082 | −0.120% | — | $6.5M | — | as long as short |
| Variational Omni SAFE | +0.0100% | 4h | 0.1080 | −0.328% | $3K | $3K | — | as long as short |
| Gate SAFE_USDTlong | +0.0548% | 4h | 0.1083 | long leg | $706K | $70K | 50x |
Injective SAFE/USDC PERP
Binance SAFEUSDT
Bybit SAFEUSDT
MEXC SAFE_USDT
BingX SAFE-USDT
Variational Omni SAFE