Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.003%
Price spread now: Gate against Bitget−0.193%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1891.890% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.193%, 7d avg −0.053%
=Funding pays, the price is against you. Gate is 0.140% cheaper against Bitget than usual: you would sell low and buy high (spread −0.193% now, against its 7-day average of −0.053%). If the spread goes back, that is −$14 on $10k: about 47 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VELODROMEUSDT | 0.03006 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $533K | $26K | 20x |
| Short | Gate VELODROME_USDT | 0.03000 | 0.0110 | get 0.0055% / 4h | 1h 44m | $126K | $7K | 20x |
Bitget VELODROMEUSDT
Gate VELODROME_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
- $2.1
- Price spread: −0.193% → −0.053%
- −$14.04
- Slippage, 4 orders
- −$161.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$200.92
- Costs to cover
- 1.890%
- Break-even
- 676.7 days
Slippage from Bitget: live order book, 60 min ago; Gate: live order book, 56 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, 60 min ago | 14.64 bp | 41.0 bp −$41 | 556.8 bp −$5,568 | doesn't fit | doesn't fit |
| Sell Gate live order book, 56 min ago | 3.34 bp | 43.8 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
VELODROME on 7 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 VELODROMEUSDT | +0.0100% | 4h | 0.03006 | −0.007% | $7.7M | $1.5M | 50x | as long as short |
| Bybit VELODROMEUSDT | +0.0100% | 4h | 0.02999 | −0.223% | $808K | $334K | 20x | as long as short |
| MEXC VELODROME_USDT | +0.0100% | 4h | 0.03004 | −0.060% | $242K | $90K | 50x | as long as short |
| Bitget VELODROMEUSDTlong | +0.0100% | 4h | 0.03006 | long leg | $533K | $26K | 20x | |
| Variational Omni VELODROME | +0.0100% | 4h | 0.02995 | −0.367% | $79K | $3K | — | as long as short |
| BingX VELODROME-USDT | +0.0102% | 4h | 0.03001 | −0.160% | — | $1.3M | — | as long as short |
| Gate VELODROME_USDTshort | +0.0110% | 4h | 0.03000 | −0.193% | $126K | $7K | 20x |
Binance VELODROMEUSDT
Bybit VELODROMEUSDT
MEXC VELODROME_USDT
Variational Omni VELODROME
BingX VELODROME-USDT