Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.024%
Price spread now: Bitget against Gate+0.081%7-day average +0.258% · you sell dearer than you buy
Net, funding: paid 7d − costs−$335as in the Funding arb table
Net, price: spread back to 7d avg − costs−$330as in the Price arb table
costs, in and out, $10k−$3123.122% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.247%+$25 · spread now +0.081%, 7d avg +0.258%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.176% cheaper against Gate than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.258%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SATS_USDT | 0.00000001228 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $354K | $237K | 25x |
| Short | Bitget 1000SATSUSDT | 0.00000001229 | −0.0004 | pay 0.0002% / 4h | 3h 46m | $722K | $217K | 25x |
Gate SATS_USDT
Bitget 1000SATSUSDTFunding 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
- −$21.84
- Price spread: +0.081% → +0.258%
- −$17.62
- Slippage, 4 orders
- −$285.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$351.61
- Costs to cover
- 3.122%
- Break-even
- never at this rate
Slippage from Gate: live order book, 23 min ago; Bitget: live order book, 24 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, 23 min ago | 4.10 bp | 142.1 bp −$142 | 30053.8 bp −$300.5K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 4.09 bp | 32.0 bp −$32 | 270.4 bp −$2,704 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget 1000SATSUSDTshort | −0.0004% | 4h | 0.00000001229 | +0.081% | $722K | $217K | 25x | |
| Binance 1000SATSUSDT | +0.0100% | 4h | 0.00000001229 | +0.081% | $2.2M | $5.2M | 25x | as long as short |
| Bybit 10000SATSUSDT | +0.0100% | 4h | 0.00000001231 | +0.269% | $284K | $861K | 13x | as long as short |
| OKX SATS-USDT-SWAP | +0.0100% | 8h | 0.00000001230 | +0.195% | $830K | $3.0M | 10x | as long as short |
| Gate SATS_USDTlong | +0.0100% | 4h | 0.00000001228 | long leg | $354K | $237K | 25x | |
| MEXC SATS_USDT | +0.0100% | 8h | 0.00000001231 | +0.244% | $376K | $179K | 100x | as long as short |
| KuCoin 10000SATSUSDTM | +0.0100% | 4h | 0.00000001229 | +0.081% | $210K | $85K | 10x | as long as short |
| BingX 10000SATS-USDT | +0.0100% | 4h | 0.00000001230 | +0.163% | — | $90.8M | — | as long as short |
Binance 1000SATSUSDT
Bybit 10000SATSUSDT
OKX SATS-USDT-SWAP
MEXC SATS_USDT
KuCoin 10000SATSUSDTM
BingX 10000SATS-USDT