Settings8H · net · $10k
Funding arb · Price arb /

THE

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1058%/8h= +115.9% APRnext payment +$5.29 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against Gate0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$32 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate THE_USDT0.083100.0100pay 0.0050% / 4h1h 22m$67K$77K10x
ShortBingX THE-USDT0.083100.1158get 0.0579% / 4h1h 22m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$222.18
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
$197.18
Costs to cover
0.250%
Break-even
0.8 days
Slippage unknown: Gate: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate no order-book sample
Sell BingX live order book, 4 min ago9.06 bp32.2 bp −$32180.9 bp −$1,809893.2 bp −$89.3K1154.8 bp −$577.4K
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 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate THE_USDTlong+0.0100%4h0.08310long leg$67K$77K10x
Bitget THEUSDT+0.0100%4h0.08300−0.120%$437K$365K10xas long as short
KuCoin THEUSDTM+0.0190%4h0.08299−0.132%$121K$105K10xas long as short
Aster THEUSDT+0.0567%4h0.08301−0.108%$4K$11K5xas long as short
BloFin THE-USDT+0.0571%4h0.08317+0.084%$144K$5K50xas long as short
MEXC THE_USDT+0.0590%4h0.08311+0.012%$195K$142K50xas long as short
Binance THEUSDT+0.0590%4h0.08305−0.060%$2.2M$4.6M10xas long as short
BingX THE-USDTshort+0.1158%4h0.083100.000%$6.5M
Bybit THEUSDT+0.1262%4h0.08315+0.060%$562K$432K20xas long as short