Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Gate−0.141%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$412as in the Price arb table
costs, in and out, $10k−$4074.070% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.141%, 7d avg −0.090%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.050% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USUAL_USDT | 0.01352 | 0.0100 | pay 0.0100% / 8h | 2h 41m | $903K | $250K | 50x |
| Short | Binance USUALUSDT | 0.01350 | 0.0100 | get 0.0050% / 4h | 2h 41m | $2.1M | $3.5M | 50x |
Gate USUAL_USDT
Binance USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.141% → −0.090%
- −$5.04
- Slippage, 4 orders
- −$381.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$412.01
- Costs to cover
- 4.070%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; Binance: live order book, 10 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, 45 min ago | 11.01 bp | 166.8 bp −$167 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 4.80 bp | 35.4 bp −$35 | 143.5 bp −$1,435 | 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 | −0.4964% | 1h | 0.01336 | −1.183% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0747% | 1h | 0.01350 | −0.128% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01351 | −0.074% | $384K | $240K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01350 | −0.141% | $2.1M | $3.5M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01352 | 0.000% | $994K | $948K | 25x | as long as short |
| Gate USUAL_USDTlong | +0.0100% | 8h | 0.01352 | long leg | $903K | $250K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01350 | −0.163% | $5.9M | $267K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01353 | +0.074% | $279K | $65K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01352 | 0.000% | $818K | $503K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01351 | −0.037% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01355 | +0.237% | $9K | $100 | — | as long as short |
Variational Omni USUAL