Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against BingX−0.111%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$419as in the Funding arb table
Net, price: spread back to 7d avg − costs−$420as in the Price arb table
costs, in and out, $10k−$4074.072% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.111%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.128% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USUAL-USDT | 0.01354 | 0.0100 | pay 0.0050% / 4h | 1h 56m | — | $1.2M | — |
| Short | Gate USUAL_USDT | 0.01352 | 0.0100 | get 0.0100% / 8h | 1h 56m | $902K | $213K | 50x |
BingX USUAL-USDT
Gate USUAL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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: −0.111% → +0.017%
- −$12.8
- Slippage, 4 orders
- −$382.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$419.98
- Costs to cover
- 4.072%
- Break-even
- never at this rate
Slippage from BingX: live order book, 19 min ago; Gate: live order book, 26 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 BingX live order book, 19 min ago | 8.11 bp | 26.5 bp −$26 | 116.7 bp −$1,167 | 544.5 bp −$54.4K | 811.2 bp −$405.6K |
| Sell Gate live order book, 26 min ago | 7.35 bp | 158.0 bp −$158 | 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 | −0.4025% | 1h | 0.01334 | −1.441% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01353 | −0.051% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01353 | −0.037% | $386K | $233K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01353 | −0.059% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | +0.081% | $1.0M | $932K | 25x | as long as short |
| Gate USUAL_USDTshort | +0.0100% | 8h | 0.01352 | −0.111% | $902K | $213K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01355 | +0.089% | $5.9M | $257K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01355 | +0.111% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01355 | +0.111% | $820K | $508K | 50x | as long as short |
| BingX USUAL-USDTlong | +0.0100% | 4h | 0.01354 | long leg | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01350 | −0.284% | $9K | $208 | — | as long as short |
Variational Omni USUAL