Funding you earn now, next payment 08:00 UTC−0.0475%/8h= −52.1% APRnext payment −$2.38 per $10,000 · paid last 24h −0.074%
Price spread now: Gate against Binance−0.035%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$305as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2612.607% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.035%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.108% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TUSDT | 0.005174 | −0.0021 | get 0.0010% / 4h | 2h 32m | $3.2M | $7.1M | 50x |
| Short | Gate T_USDT | 0.005172 | −0.0496 | pay 0.0248% / 4h | 2h 32m | $211K | $85K | 20x |
Binance TUSDT
Gate T_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
- −$99.83
- Price spread: −0.035% → +0.073%
- −$10.78
- Slippage, 4 orders
- −$235.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$371.36
- Costs to cover
- 2.607%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 9 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, 6 min ago | 0.97 bp | 19.7 bp −$20 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Gate live order book, 9 min ago | 6.76 bp | 113.0 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.1726% | 1h | 0.005174 | +0.008% | $4K | $4K | 10x | as long as short |
| Gate T_USDTshort | −0.0496% | 4h | 0.005172 | −0.035% | $211K | $85K | 20x | |
| Bitget TUSDT | −0.0026% | 4h | 0.005167 | −0.132% | $893K | $544K | 50x | as long as short |
| Binance TUSDTlong | −0.0021% | 4h | 0.005174 | long leg | $3.2M | $7.1M | 50x | |
| MEXC T_USDT | −0.0006% | 4h | 0.005172 | −0.035% | $3.1M | $226K | 20x | as long as short |
| Variational Omni T | +0.0030% | 4h | 0.005176 | +0.036% | $7K | $6K | — | as long as short |
| KuCoin TUSDTM | +0.0088% | 4h | 0.005172 | −0.035% | $1.3M | $85K | 12x | as long as short |
| Bybit TUSDT | +0.0100% | 4h | 0.005168 | −0.112% | $1.5M | $1.5M | 25x | as long as short |
Kraken Futures PF_TUSD
Bitget TUSDT
MEXC T_USDT
Variational Omni T
KuCoin TUSDTM
Bybit TUSDT