Funding you earn now, next payment 04:00 UTC+0.0435%/8h= +47.7% APRpaid last 24h +0.116%
Price spread now: Binance against Gate−0.511%7-day average −0.295% · you buy dearer than you sell
Net, funding: paid 7d − costs−$505as in the Funding arb table
Net, price: spread back to 7d avg − costs−$545as 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)+0.220%+$22 · spread now −0.511%, 7d avg −0.295%
=Funding pays, the price is against you. Binance is 0.217% cheaper against Gate than usual: you would sell low and buy high (spread −0.511% now, against its 7-day average of −0.295%). If the spread goes back, that is −$22 on $10k: about 40 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.183% in total) that is about 8.3 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 | Gate TRUST_USDT | 0.06210 | 0.0100 | pay 0.0100% / 8h | 6h 10m | $508K | $29K | 10x |
| Short | Binance TRUSTUSDT | 0.06178 | 0.0535 | get 0.0268% / 4h | 2h 10m | $1.7M | $1.8M | 10x |
Gate TRUST_USDT
Binance TRUSTUSDTFunding 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
- $91.43
- Price spread: −0.511% → −0.295%
- −$21.66
- Slippage, 4 orders
- −$498.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$453.82
- Costs to cover
- 5.236%
- Break-even
- 41.7 days
Slippage from Gate: live order book, 55 min ago; Binance: live order book, 8 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, 55 min ago | 23.60 bp | 180.0 bp −$180 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.25 bp | 43.6 bp −$44 | 475.5 bp −$4,755 | 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 | −0.628% | $117K | $289K | 10x | as long as short |
| Gate TRUST_USDTlong | +0.0100% | 8h | 0.06210 | long leg | $508K | $29K | 10x | |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06184 | −0.419% | $294K | $732K | 10x | as long as short |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06190 | −0.322% | $664K | $71K | 10x | as long as short |
| Binance TRUSTUSDTshort | +0.0535% | 4h | 0.06178 | −0.511% | $1.7M | $1.8M | 10x | |
| MEXC TRUST_USDT | +0.0544% | 4h | 0.06179 | −0.499% | $215K | $104K | 50x | as long as short |
| Aster TRUSTUSDT | +0.0661% | 4h | 0.06183 | −0.432% | $10K | $7K | 5x | as long as short |
| Bybit TRUSTUSDT | +0.2819% | 4h | 0.06154 | −0.902% | $532K | $449K | 25x | as long as short |
| BingX TRUST-USDT | +0.2890% | 4h | 0.06176 | −0.548% | — | $6.5M | — | as long as short |
| Variational Omni TRUST | +0.3462% | 4h | 0.06154 | −0.895% | $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