Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRnext payment −$1.22 per $10,000 · paid last 24h +0.053%
Price spread now: Gate against BingX+0.241%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2712.714% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.439%−$44 · spread now +0.241%, 7d avg −0.113%
=The price spread pays, funding is against you. Gate is 0.354% dearer against BingX than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of −0.113%): +$35 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.22 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 | BingX STO-USDT | 0.04154 | 0.0100 | pay 0.0050% / 4h | 2h 40m | — | $6.5M | — |
| Short | Gate STO_USDT | 0.04164 | −0.0144 | pay 0.0072% / 4h | 2h 40m | $248K | $119K | 25x |
BingX STO-USDT
Gate STO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$51.24
- Price spread: +0.241% → −0.113%
- $35.36
- Slippage, 4 orders
- −$246.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$287.33
- Costs to cover
- 2.714%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Gate: live order book, 1 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 BingX live order book, 5 min ago | 5.98 bp | 25.9 bp −$26 | 86.7 bp −$867 | 858.2 bp −$85.8K | doesn't fit |
| Sell Gate live order book, 1 min ago | 4.80 bp | 166.8 bp −$167 | 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 | −0.0144% | 4h | 0.04164 | +0.241% | $248K | $119K | 25x | |
| Aster STOUSDT | +0.0100% | 4h | 0.04152 | −0.038% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04152 | −0.048% | $3.4M | $1.5M | 20x | as long as short |
| Bybit STOUSDT | +0.0100% | 4h | 0.04157 | +0.072% | $713K | $280K | 13x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04152 | −0.048% | $768K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04152 | −0.048% | $319K | $25K | 10x | as long as short |
| BingX STO-USDTlong | +0.0100% | 4h | 0.04154 | long leg | — | $6.5M | — | |
| Variational Omni STO | +0.0213% | 4h | 0.04168 | +0.345% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0674% | 4h | 0.04171 | +0.409% | $994K | $18K | 25x | as long as short |
Aster STOUSDT
Binance STOUSDT
Bybit STOUSDT
MEXC STO_USDT
Bitget STOUSDT
Variational Omni STO
KuCoin STOUSDTM