Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.062%
Price spread now: Bitget against Gate−0.119%7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$371as in the Funding arb table
Net, price: spread back to 7d avg − costs−$392as in the Price arb table
costs, in and out, $10k−$3653.648% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.119%, 7d avg +0.155%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.274% cheaper against Gate than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.155%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STO_USDT | 0.04186 | 0.0148 | pay 0.0074% / 4h | 2h 10m | $252K | $117K | 25x |
| Short | Bitget STOUSDT | 0.04181 | 0.0100 | get 0.0050% / 4h | 2h 10m | $322K | $28K | 10x |
Gate STO_USDT
Bitget STOUSDTFunding 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
- −$10.08
- Price spread: −0.119% → +0.155%
- −$27.4
- Slippage, 4 orders
- −$337.81
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$402.3
- Costs to cover
- 3.648%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 min ago; Bitget: live order book, 50 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, 52 min ago | 5.98 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 50 min ago | 5.99 bp | 63.0 bp −$63 | 728.1 bp −$7,281 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04183 | −0.062% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04177 | −0.220% | $3.4M | $1.4M | 20x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04177 | −0.215% | $787K | $105K | 50x | as long as short |
| Bitget STOUSDTshort | +0.0100% | 4h | 0.04181 | −0.119% | $322K | $28K | 10x | |
| Gate STO_USDTlong | +0.0148% | 4h | 0.04186 | long leg | $252K | $117K | 25x | |
| Variational Omni STO | +0.0614% | 4h | 0.04194 | +0.197% | $4K | $213 | — | as long as short |
| BingX STO-USDT | +0.0790% | 4h | 0.04180 | −0.143% | — | $6.5M | — | as long as short |
| KuCoin STOUSDTM | +0.0840% | 4h | 0.04197 | +0.263% | $997K | $20K | 25x | as long as short |
| Bybit STOUSDT | +0.0913% | 4h | 0.04187 | +0.024% | $722K | $270K | 13x | as long as short |
Aster STOUSDT
Binance STOUSDT
MEXC STO_USDT
Variational Omni STO
BingX STO-USDT
KuCoin STOUSDTM
Bybit STOUSDT