SATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.012%

Price spread now: BingX against Gate+0.242%7-day average +0.209% · you sell dearer than you buy

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3113.107% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.242%, 7d avg +0.209%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.209%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SATS_USDT	0.00000001238	0.0100	pay 0.0050% / 4h	2h 31m	$363K	$243K	25x
Short	BingX 10000SATS-USDT	0.00000001241	0.0126	get 0.0063% / 4h	2h 31m	—	$90.3M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now +0.242%Rate

Funding earned: $5.46
Price spread: +0.242% → +0.209%: $3.35
Slippage, 4 orders: −$285.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$301.85
Costs to cover: 3.107%
Break-even: 394.0 days

Slippage from Gate: live order book, 34 min ago; BingX: live order book, 3 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, 34 min ago	8.04 bp	131.4 bp −$131	28256.9 bp −$282.6K	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	12.09 bp	38.7 bp −$39	157.3 bp −$1,573	706.9 bp −$70.7K	doesn't fit

SATS 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
Binance 1000SATSUSDT	+0.0100%	4h	0.00000001239	+0.081%	$2.2M	$5.3M	25x	as long as short
Bybit 10000SATSUSDT	+0.0100%	4h	0.00000001240	+0.186%	$286K	$876K	13x	as long as short
Gate SATS_USDTlong	+0.0100%	4h	0.00000001238	long leg	$363K	$243K	25x
KuCoin 10000SATSUSDTM	+0.0100%	4h	0.00000001239	+0.081%	$203K	$88K	10x	as long as short
Bitget 1000SATSUSDT	+0.0100%	4h	0.00000001241	+0.242%	$738K	$233K	25x	as long as short
OKX SATS-USDT-SWAP	+0.0124%	8h	0.00000001239	+0.105%	$832K	$3.0M	10x	as long as short
MEXC SATS_USDT	+0.0126%	8h	0.00000001240	+0.162%	$378K	$184K	100x	as long as short
BingX 10000SATS-USDTshort	+0.0126%	4h	0.00000001241	+0.242%	—	$90.3M	—