Funding you earn now, next payment 00:00 UTC−0.0320%/8h= −35.1% APRnext payment −$1.60 per $10,000 · paid last 24h −0.110%
Price spread now: Gate against Binance−0.245%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2122.117% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.245%, 7d avg −0.131%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.114% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.131%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUSDT | 0.01636 | 0.0420 | pay 0.0210% / 4h | 1h 02m | $9.1M | $3.1M | 10x |
| Short | Gate US_USDT | 0.01632 | 0.0100 | get 0.0050% / 4h | 1h 02m | $2.0M | $557K | 20x |
Binance USUSDT
Gate US_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
- −$67.28
- Price spread: −0.245% → −0.131%
- −$11.41
- Slippage, 4 orders
- −$186.69
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$290.37
- Costs to cover
- 2.117%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 5 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, 7 min ago | 0.31 bp | 37.2 bp −$37 | 291.4 bp −$2,914 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 11.93 bp | 74.7 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0208% | 4h | 0.01631 | −0.276% | $4.2M | $278K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01636 | +0.005% | $3.2M | $859K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01632 | −0.245% | $2.0M | $557K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01637 | +0.053% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0300% | 4h | 0.01635 | −0.060% | $12K | $55K | 5x | as long as short |
| BloFin US-USDT | +0.0370% | 4h | 0.01636 | −0.007% | $477K | $49K | 10x | as long as short |
| MEXC US_USDT | +0.0406% | 4h | 0.01636 | −0.019% | $5.5M | $117K | 100x | as long as short |
| Binance USUSDTlong | +0.0420% | 4h | 0.01636 | long leg | $9.1M | $3.1M | 10x | |
| Extended US-USD | +0.0424% | 1h | 0.01635 | −0.033% | $4K | $141K | 5x | as long as short |
| BingX US-USDT | +0.0470% | 4h | 0.01636 | +0.030% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
Bybit USUSDT
Variational Omni US
Aster USUSDT
BloFin US-USDT
MEXC US_USDT
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0498% | 4h | 0.01636 | −0.013% | $4.3M | $248K | 10x | as long as short |
Bitget USUSDT