Funding you earn now, next payment 00:00 UTC+0.0494%/8h= +54.1% APRnext payment +$2.47 per $10,000 · paid last 24h +0.090%
Price spread now: Bitget against Gate+0.183%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2272.272% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now +0.183%, 7d avg +0.150%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.150%.
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 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.47 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 | Gate US_USDT | 0.01643 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $2.1M | $538K | 20x |
| Short | Bitget USUSDT | 0.01646 | 0.0594 | get 0.0297% / 4h | 2h 42m | $4.3M | $244K | 10x |
Gate US_USDT
Bitget USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $103.74
- Price spread: +0.183% → +0.150%
- $3.23
- Slippage, 4 orders
- −$200.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$120.25
- Costs to cover
- 2.272%
- Break-even
- 15.1 days
Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago | 10.96 bp | 72.3 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 9.42 bp | 29.6 bp −$30 | 167.1 bp −$1,671 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster USUSDT | +0.0100% | 4h | 0.01644 | +0.101% | $12K | $54K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01646 | +0.195% | $3.3M | $822K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01643 | long leg | $2.1M | $538K | 20x | |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01641 | −0.116% | $4.2M | $272K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01647 | +0.256% | $16K | $3K | — | as long as short |
| Binance USUSDT | +0.0150% | 4h | 0.01645 | +0.120% | $9.2M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0152% | 1h | 0.01644 | +0.086% | $4K | $141K | 5x | as long as short |
| MEXC US_USDT | +0.0158% | 4h | 0.01644 | +0.091% | $5.5M | $115K | 100x | as long as short |
| BloFin US-USDT | +0.0218% | 4h | 0.01644 | +0.097% | $481K | $49K | 10x | as long as short |
| BingX US-USDT | +0.0582% | 4h | 0.01646 | +0.177% | — | $1.3M | — | as long as short |
Aster USUSDT
Bybit USUSDT
KuCoin USUSDTM
Variational Omni US
Binance USUSDT
Extended US-USD
MEXC US_USDT
BloFin US-USDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTshort | +0.0594% | 4h | 0.01646 | +0.183% | $4.3M | $244K | 10x |