Funding you earn now, next payment 04:00 UTC−0.0406%/8h= −44.5% APRnext payment −$2.03 per $10,000 · paid last 24h −0.109%
Price spread now: Gate against Bitget−0.238%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2322.318% of the position
Funding, last 7 days−0.202%−$20 on $10k
+Price spread, last 7 days−0.139%−$14 · spread now −0.238%, 7d avg −0.150%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.088% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.150%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 per $10,000. 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 | Bitget USUSDT | 0.01639 | 0.0506 | pay 0.0253% / 4h | 6m 29s | $4.3M | $259K | 10x |
| Short | Gate US_USDT | 0.01635 | 0.0100 | get 0.0050% / 4h | 6m 29s | $2.1M | $597K | 20x |
Bitget USUSDT
Gate US_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$85.26
- Price spread: −0.238% → −0.150%
- −$8.8
- Slippage, 4 orders
- −$204.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$325.84
- Costs to cover
- 2.318%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 1 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 Bitget live order book, 1 min ago | 13.11 bp | 46.9 bp −$47 | 425.2 bp −$4,252 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 16.22 bp | 74.9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01638 | −0.092% | $3.2M | $931K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01635 | −0.238% | $2.1M | $597K | 20x | |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01633 | −0.354% | $4.1M | $310K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01640 | +0.030% | $16K | $3K | — | as long as short |
| MEXC US_USDT | +0.0300% | 4h | 0.01637 | −0.134% | $5.5M | $114K | 100x | as long as short |
| Extended US-USD | +0.0304% | 1h | 0.01637 | −0.131% | $3K | $97K | 5x | as long as short |
| Binance USUSDT | +0.0304% | 4h | 0.01637 | −0.146% | $9.1M | $3.2M | 10x | as long as short |
| BloFin US-USDT | +0.0351% | 4h | 0.01637 | −0.134% | $480K | $49K | 10x | as long as short |
| Aster USUSDT | +0.0363% | 4h | 0.01636 | −0.198% | $12K | $54K | 5x | as long as short |
| BingX US-USDT | +0.0464% | 4h | 0.01637 | −0.140% | — | $1.3M | — | as long as short |
Bybit USUSDT
KuCoin USUSDTM
Variational Omni US
MEXC US_USDT
Extended US-USD
Binance USUSDT
BloFin US-USDT
Aster USUSDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTlong | +0.0506% | 4h | 0.01639 | long leg | $4.3M | $259K | 10x |