Funding you earn now, next payment 00:00 UTC+0.0224%/8h= +24.5% APRnext payment +$1.12 per $10,000 · paid last 24h +0.127%
Price spread now: Bitget against Gate−0.270%7-day average −0.213% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2602.599% of the position
Funding, last 7 days+0.721%+$72 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.270%, 7d avg −0.213%
=Funding pays, the price is against you. Bitget is 0.057% cheaper against Gate than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of −0.213%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate T_USDT | 0.005188 | −0.0994 | get 0.0497% / 4h | 1h 02m | $215K | $120K | 20x |
| Short | Bitget TUSDT | 0.005174 | −0.0770 | pay 0.0385% / 4h | 1h 02m | $887K | $759K | 50x |
Gate T_USDT
Bitget TUSDTFunding 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
- $47.04
- Price spread: −0.270% → −0.213%
- −$5.69
- Slippage, 4 orders
- −$232.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$218.56
- Costs to cover
- 2.599%
- Break-even
- 39.5 days
Slippage from Gate: live order book, 9 min ago; Bitget: live order book, 13 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, 9 min ago | 7.72 bp | 103.7 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 13 min ago | 2.90 bp | 30.3 bp −$30 | 114.8 bp −$1,148 | 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 | −0.4825% | 1h | 0.005177 | −0.217% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.1015% | 4h | 0.005186 | −0.042% | $7K | $13K | — | as long as short |
| Gate T_USDTlong | −0.0994% | 4h | 0.005188 | long leg | $215K | $120K | 20x | |
| Bybit TUSDT | −0.0991% | 4h | 0.005182 | −0.116% | $1.6M | $2.2M | 25x | as long as short |
| KuCoin TUSDTM | −0.0986% | 4h | 0.005182 | −0.116% | $1.4M | $108K | 12x | as long as short |
| Bitget TUSDTshort | −0.0770% | 4h | 0.005174 | −0.270% | $887K | $759K | 50x | |
| Binance TUSDT | −0.0688% | 4h | 0.005178 | −0.198% | $3.3M | $10.2M | 50x | as long as short |
| MEXC T_USDT | −0.0684% | 4h | 0.005179 | −0.173% | $3.1M | $266K | 20x | as long as short |
Kraken Futures PF_TUSD
Variational Omni T
Bybit TUSDT
KuCoin TUSDTM
Binance TUSDT
MEXC T_USDT