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: Binance against Gate−0.191%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as 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)+0.310%+$31 · spread now −0.191%, 7d avg +0.053%
=Funding pays, the price is against you. Binance is 0.244% cheaper against Gate than usual: you would sell low and buy high (spread −0.191% now, against its 7-day average of +0.053%). If the spread goes back, that is −$24 on $10k: about 4.4 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
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 | Gate STO_USDT | 0.04174 | −0.0086 | get 0.0043% / 4h | 2h 42m | $249K | $119K | 25x |
| Short | Binance STOUSDT | 0.04166 | 0.0100 | get 0.0050% / 4h | 2h 42m | $3.4M | $1.5M | 20x |
Gate STO_USDT
Binance STOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $39.06
- Price spread: −0.191% → +0.053%
- −$24.41
- Slippage, 4 orders
- −$168.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$178.58
- Costs to cover
- 1.932%
- Break-even
- 39.0 days
Slippage from Gate: live order book, 64 min ago; Binance: live order book, 8 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, 64 min ago | 7.14 bp | 73.7 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.39 bp | 28.7 bp −$29 | 139.6 bp −$1,396 | 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_USDTlong | −0.0086% | 4h | 0.04174 | long leg | $249K | $119K | 25x | |
| Aster STOUSDT | +0.0100% | 4h | 0.04170 | −0.092% | $26K | $1K | 5x | as long as short |
| Binance STOUSDTshort | +0.0100% | 4h | 0.04166 | −0.191% | $3.4M | $1.5M | 20x | |
| Bybit STOUSDT | +0.0100% | 4h | 0.04177 | +0.072% | $716K | $280K | 13x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04168 | −0.144% | $771K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04171 | −0.072% | $320K | $25K | 10x | as long as short |
| BingX STO-USDT | +0.0100% | 4h | 0.04168 | −0.144% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0248% | 4h | 0.04183 | +0.210% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0690% | 4h | 0.04185 | +0.264% | $998K | $18K | 25x | as long as short |
Aster STOUSDT
Bybit STOUSDT
MEXC STO_USDT
Bitget STOUSDT
BingX STO-USDT
Variational Omni STO
KuCoin STOUSDTM