Funding you earn now, next payment 00:00 UTC−0.0544%/8h= −59.6% APRnext payment −$2.72 per $10,000 · paid last 24h −0.127%
Price spread now: Gate against Bitget+0.078%7-day average +0.214% · you sell dearer than you buy
Net, funding: paid 7d − costs−$345as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2732.733% of the position
Funding, last 7 days−0.721%−$72 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now +0.078%, 7d avg +0.214%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.137% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.214%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TUSDT | 0.005158 | −0.0616 | get 0.0308% / 4h | 1h 57m | $888K | $771K | 50x |
| Short | Gate T_USDT | 0.005162 | −0.1160 | pay 0.0580% / 4h | 1h 57m | $214K | $119K | 20x |
Bitget TUSDT
Gate T_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$114.24
- Price spread: +0.078% → +0.214%
- −$13.66
- Slippage, 4 orders
- −$246.29
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$401.19
- Costs to cover
- 2.733%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 24 min ago; Gate: live order book, 19 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 Bitget live order book, 24 min ago | 1.94 bp | 29.3 bp −$29 | 131.2 bp −$1,312 | doesn't fit | doesn't fit |
| Sell Gate live order book, 19 min ago | 5.80 bp | 114.7 bp −$115 | 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 | −0.4848% | 1h | 0.005152 | −0.120% | $2K | $2K | 10x | as long as short |
| Gate T_USDTshort | −0.1160% | 4h | 0.005162 | +0.078% | $214K | $119K | 20x | |
| Bybit TUSDT | −0.1157% | 4h | 0.005160 | +0.039% | $1.6M | $2.2M | 25x | as long as short |
| KuCoin TUSDTM | −0.0928% | 4h | 0.005160 | +0.039% | $1.3M | $109K | 12x | as long as short |
| Variational Omni T | −0.0909% | 4h | 0.005148 | −0.188% | $7K | $13K | — | as long as short |
| Bitget TUSDTlong | −0.0616% | 4h | 0.005158 | long leg | $888K | $771K | 50x | |
| MEXC T_USDT | −0.0488% | 4h | 0.005164 | +0.116% | $3.1M | $262K | 20x | as long as short |
| Binance TUSDT | −0.0486% | 4h | 0.005162 | +0.071% | $3.2M | $10.2M | 50x | as long as short |
Kraken Futures PF_TUSD
Bybit TUSDT
KuCoin TUSDTM
Variational Omni T
MEXC T_USDT
Binance TUSDT