Funding you earn now, next payment 04:00 UTC+0.0163%/8h= +17.9% APRnext payment +$0.82 per $10,000 · paid last 24h +0.078%
Price spread now: Binance against Gate−0.038%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2282.277% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.038%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.037% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate T_USDT | 0.005207 | −0.0400 | get 0.0200% / 4h | 1h 45m | $214K | $78K | 20x |
| Short | Binance TUSDT | 0.005205 | −0.0237 | pay 0.0118% / 4h | 1h 45m | $3.3M | $7.4M | 50x |
Gate T_USDT
Binance TUSDTFunding 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
- $34.32
- Price spread: −0.038% → −0.075%
- $3.68
- Slippage, 4 orders
- −$202.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$189.71
- Costs to cover
- 2.277%
- Break-even
- 45.7 days
Slippage from Gate: live order book, 10 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, 10 min ago | 6.72 bp | 93.5 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.96 bp | 14.7 bp −$15 | 40.4 bp −$404 | 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 | −0.2934% | 1h | 0.005202 | −0.095% | $2K | $2K | 10x | as long as short |
| Gate T_USDTlong | −0.0400% | 4h | 0.005207 | long leg | $214K | $78K | 20x | |
| KuCoin TUSDTM | −0.0312% | 4h | 0.005202 | −0.096% | $1.4M | $76K | 12x | as long as short |
| Variational Omni T | −0.0310% | 4h | 0.005202 | −0.104% | $8K | $9K | — | as long as short |
| Bitget TUSDT | −0.0250% | 4h | 0.005197 | −0.192% | $889K | $507K | 50x | as long as short |
| MEXC T_USDT | −0.0246% | 4h | 0.005205 | −0.038% | $3.2M | $202K | 20x | as long as short |
| Binance TUSDTshort | −0.0237% | 4h | 0.005205 | −0.038% | $3.3M | $7.4M | 50x | |
| Bybit TUSDT | −0.0065% | 4h | 0.005207 | 0.000% | $1.6M | $1.5M | 25x | as long as short |
Kraken Futures PF_TUSD
KuCoin TUSDTM
Variational Omni T
Bitget TUSDT
MEXC T_USDT
Bybit TUSDT