Funding you earn now, next payment 04:00 UTC−0.0435%/8h= −47.7% APRpaid last 24h −0.116%
Price spread now: Gate against Binance+0.552%7-day average +0.295% · you sell dearer than you buy
Net, funding: paid 7d − costs−$542as in the Funding arb table
Net, price: spread back to 7d avg − costs−$498as in the Price arb table
costs, in and out, $10k−$5245.236% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.552%, 7d avg +0.295%
=The price spread pays, funding is against you. Gate is 0.258% dearer against Binance than usual: you sell high and buy low (spread +0.552% now, against its 7-day average of +0.295%): +$26 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.183% in total) that is about 9.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.6% a year). A funding rate is set anew for every payment. 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 | Binance TRUSTUSDT | 0.06175 | 0.0535 | pay 0.0268% / 4h | 2h 09m | $1.7M | $1.8M | 10x |
| Short | Gate TRUST_USDT | 0.06209 | 0.0100 | get 0.0100% / 8h | 6h 09m | $508K | $29K | 10x |
Binance TRUSTUSDT
Gate TRUST_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$91.43
- Price spread: +0.552% → +0.295%
- $25.77
- Slippage, 4 orders
- −$498.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$589.25
- Costs to cover
- 5.236%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Gate: live order book, 56 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 Binance live order book, 9 min ago | 3.25 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 56 min ago | 23.60 bp | 257.8 bp −$258 | doesn't fit | doesn't fit | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06171 | −0.063% | $117K | $289K | 10x | as long as short |
| Gate TRUST_USDTshort | +0.0100% | 8h | 0.06209 | +0.552% | $508K | $29K | 10x | |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06185 | +0.164% | $294K | $732K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06186 | +0.180% | $664K | $71K | 10x | as long as short |
| Binance TRUSTUSDTlong | +0.0535% | 4h | 0.06175 | long leg | $1.7M | $1.8M | 10x | |
| MEXC TRUST_USDT | +0.0544% | 4h | 0.06175 | +0.002% | $214K | $105K | 50x | as long as short |
| Aster TRUSTUSDT | +0.0661% | 4h | 0.06185 | +0.164% | $10K | $7K | 5x | as long as short |
| Bybit TRUSTUSDT | +0.2819% | 4h | 0.06153 | −0.355% | $532K | $449K | 25x | as long as short |
| BingX TRUST-USDT | +0.2890% | 4h | 0.06171 | −0.063% | — | $6.5M | — | as long as short |
| Variational Omni TRUST | +0.3462% | 4h | 0.06154 | −0.331% | $56K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
MEXC TRUST_USDT
Aster TRUSTUSDT
Bybit TRUSTUSDT
BingX TRUST-USDT
Variational Omni TRUST