Funding you earn now, next payment 04:00 UTC+0.0329%/8h= +36.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.039%
Price spread now: Binance against Gate−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.090% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate THE_USDT | 0.08250 | 0.0162 | pay 0.0081% / 4h | 2h 10m | $67K | $76K | 10x |
| Short | Binance THEUSDT | 0.08245 | 0.0491 | get 0.0246% / 4h | 2h 10m | $2.2M | $4.5M | 10x |
Gate THE_USDT
Binance THEUSDTFunding 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
- $69.19
- Price spread: −0.063% → 0.000%
- −$6.29
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $37.89
- Costs to cover
- 0.250%
- Break-even
- 3.2 days
Slippage unknown: Gate: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 1.84 bp | 46.3 bp −$46 | 248.1 bp −$2,481 | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget THEUSDT | +0.0100% | 4h | 0.08247 | −0.036% | $414K | $358K | 10x | as long as short |
| Gate THE_USDTlong | +0.0162% | 4h | 0.08250 | long leg | $67K | $76K | 10x | |
| KuCoin THEUSDTM | +0.0452% | 4h | 0.08240 | −0.121% | $124K | $103K | 10x | as long as short |
| Aster THEUSDT | +0.0453% | 4h | 0.08258 | +0.101% | $4K | $9K | 5x | as long as short |
| MEXC THE_USDT | +0.0488% | 4h | 0.08244 | −0.073% | $185K | $141K | 50x | as long as short |
| Binance THEUSDTshort | +0.0491% | 4h | 0.08245 | −0.063% | $2.2M | $4.5M | 10x | |
| Bybit THEUSDT | +0.1388% | 4h | 0.08239 | −0.133% | $564K | $415K | 20x | as long as short |
| BingX THE-USDT | +0.1428% | 4h | 0.08247 | −0.036% | — | $6.5M | — | as long as short |
Bitget THEUSDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
Bybit THEUSDT
BingX THE-USDT