Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Binance−0.007%7-day average +0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$339as in the Price arb table
costs, in and out, $10k−$3293.292% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.007%, 7d avg +0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.100% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUALUSDT | 0.01396 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $2.2M | $3.2M | 50x |
| Short | Gate USUAL_USDT | 0.01396 | 0.0100 | get 0.0100% / 8h | 1h 08m | $944K | $107K | 50x |
Binance USUALUSDT
Gate USUAL_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
- $0
- Price spread: −0.007% → +0.092%
- −$9.96
- Slippage, 4 orders
- −$304.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$339.19
- Costs to cover
- 3.292%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Gate: live order book, 33 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, 12 min ago | 2.50 bp | 21.0 bp −$21 | 130.0 bp −$1,300 | doesn't fit | doesn't fit |
| Sell Gate live order book, 33 min ago | 7.20 bp | 128.2 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.5000% | 1h | 0.01377 | −1.368% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01397 | +0.064% | $397K | $186K | 3x | as long as short |
| Binance USUALUSDTlong | +0.0100% | 4h | 0.01396 | long leg | $2.2M | $3.2M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01398 | +0.122% | $1.0M | $767K | 25x | as long as short |
| Gate USUAL_USDTshort | +0.0100% | 8h | 0.01396 | −0.007% | $944K | $107K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01396 | +0.014% | $6.1M | $265K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01398 | +0.136% | $268K | $47K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01398 | +0.136% | $808K | $398K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01396 | −0.036% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01397 | +0.078% | $11K | $1K | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSD | +0.0139% | 1h | 0.01396 | +0.010% | $112K | $21K | 10x | as long as short |
Kraken Futures PF_USUALUSD