Funding you earn now, next payment 04:00 UTC−0.2768%/8h= −303.1% APRpaid last 24h −0.642%
Price spread now: Gate against BingX0.000%7-day average +0.233% · you sell dearer than you buy
Net, funding: paid 7d − costs−$583as in the Funding arb table
Net, price: spread back to 7d avg − costs−$519as in the Price arb table
costs, in and out, $10k−$4964.961% of the position
Funding, last 7 days−0.864%−$86 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now 0.000%, 7d avg +0.233%
=Both sides work against this trade now: funding costs −$83 a day on $10k at the current rate, and Gate is 0.233% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.233%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.864% in total (about -45.0% 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 | BingX TRUST-USDT | 0.06201 | 0.2868 | pay 0.1434% / 4h | 1h 21m | — | $6.5M | — |
| Short | Gate TRUST_USDT | 0.06201 | 0.0100 | get 0.0100% / 8h | 5h 21m | $507K | $27K | 10x |
BingX TRUST-USDT
Gate TRUST_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$581.28
- Price spread: 0.000% → +0.233%
- −$23.29
- Slippage, 4 orders
- −$471.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,100.71
- Costs to cover
- 4.961%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Gate: live order book, 40 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 BingX live order book, 5 min ago | 12.94 bp | 51.8 bp −$52 | 166.8 bp −$1,668 | 928.5 bp −$92.9K | 1224.0 bp −$612.0K |
| Sell Gate live order book, 40 min ago | 25.74 bp | 228.7 bp −$229 | 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 | 0.06198 | −0.048% | $115K | $304K | 10x | as long as short |
| Gate TRUST_USDTshort | +0.0100% | 8h | 0.06201 | 0.000% | $507K | $27K | 10x | |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06192 | −0.145% | $301K | $739K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06192 | −0.145% | $672K | $77K | 10x | as long as short |
| Binance TRUSTUSDT | +0.0309% | 4h | 0.06203 | +0.032% | $1.7M | $2.0M | 10x | as long as short |
| MEXC TRUST_USDT | +0.0316% | 4h | 0.06203 | +0.032% | $215K | $104K | 50x | as long as short |
| Aster TRUSTUSDT | +0.0385% | 4h | 0.06192 | −0.143% | $10K | $8K | 5x | as long as short |
| BingX TRUST-USDTlong | +0.2868% | 4h | 0.06201 | long leg | — | $6.5M | — | |
| Bybit TRUSTUSDT | +0.3053% | 4h | 0.06177 | −0.387% | $546K | $463K | 25x | as long as short |
| Variational Omni TRUST | +0.3567% | 4h | 0.06166 | −0.569% | $56K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
KuCoin TRUSTUSDTM
Bitget TRUSTUSDT
Binance TRUSTUSDT
MEXC TRUST_USDT
Aster TRUSTUSDT
Bybit TRUSTUSDT
Variational Omni TRUST