Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h +0.062%
Price spread now: Gate against Binance+0.192%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1931.932% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)−0.311%−$31 · spread now +0.192%, 7d avg −0.053%
=The price spread pays, funding is against you. Gate is 0.245% dearer against Binance than usual: you sell high and buy low (spread +0.192% now, against its 7-day average of −0.053%): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 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 STOUSDT | 0.04166 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $3.4M | $1.5M | 20x |
| Short | Gate STO_USDT | 0.04174 | −0.0086 | pay 0.0043% / 4h | 2h 41m | $249K | $119K | 25x |
Binance STOUSDT
Gate STO_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
- −$39.06
- Price spread: +0.192% → −0.053%
- $24.54
- Slippage, 4 orders
- −$168.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$207.74
- Costs to cover
- 1.932%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Gate: live order book, 65 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, 9 min ago | 2.39 bp | 24.8 bp −$25 | 139.3 bp −$1,393 | doesn't fit | doesn't fit |
| Sell Gate live order book, 65 min ago | 7.14 bp | 66.1 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
STO 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 STO_USDTshort | −0.0086% | 4h | 0.04174 | +0.192% | $249K | $119K | 25x | |
| Aster STOUSDT | +0.0100% | 4h | 0.04170 | +0.094% | $26K | $1K | 5x | as long as short |
| Binance STOUSDTlong | +0.0100% | 4h | 0.04166 | long leg | $3.4M | $1.5M | 20x | |
| Bybit STOUSDT | +0.0100% | 4h | 0.04176 | +0.240% | $716K | $280K | 13x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04165 | −0.024% | $771K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04170 | +0.096% | $320K | $25K | 10x | as long as short |
| BingX STO-USDT | +0.0100% | 4h | 0.04169 | +0.072% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0248% | 4h | 0.04183 | +0.402% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0690% | 4h | 0.04185 | +0.456% | $998K | $18K | 25x | as long as short |
Aster STOUSDT
Bybit STOUSDT
MEXC STO_USDT
Bitget STOUSDT
BingX STO-USDT
Variational Omni STO
KuCoin STOUSDTM