Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRnext payment +$2.00 per $10,000 · paid last 24h +0.029%
Price spread now: Gate against Bitget+0.010%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.010%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDCUSDT | 0.9994 | −0.0100 | get 0.0100% / 8h | 1h 03m | $4.3M | $17K | 50x |
| Short | Gate USDC_USDT | 0.9995 | 0.0100 | get 0.0100% / 8h | 1h 03m | $253K | $19K | 50x |
Bitget USDCUSDT
Gate USDC_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
- $42
- Price spread: +0.010% → −0.008%
- $1.77
- Slippage, 4 orders
- −$9.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $6.95
- Costs to cover
- 0.368%
- Break-even
- 5.8 days
Slippage from Bitget: live order book, 10 min ago; Gate: live order book, 9 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, 10 min ago | 1.00 bp | 7.0 bp −$7 | 7.0 bp −$70 | 19.7 bp −$1,974 | doesn't fit |
| Sell Gate live order book, 9 min ago | 2.00 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0117% | 8h | 0.9995 | +0.006% | $4.3M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0116% | 8h | 0.9994 | +0.004% | $16.6M | $269K | 200x | as long as short |
| Bitget USDCUSDTlong | −0.0100% | 8h | 0.9994 | long leg | $4.3M | $17K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0045% | 1h | 0.9998 | +0.035% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0020% | 8h | 0.9990 | −0.035% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $336K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.058% | $1.1M | $45K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0100% | 8h | 0.9995 | +0.010% | $253K | $19K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP