Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against Gate+0.011%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1401.402% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.011%, 7d avg −0.033%
=The price spread pays, funding is against you. Binance is 0.043% dearer against Gate than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.033%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.005% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VELODROME_USDT | 0.03006 | 0.0140 | pay 0.0070% / 4h | 1h 37m | $126K | $7K | 20x |
| Short | Binance VELODROMEUSDT | 0.03006 | 0.0100 | get 0.0050% / 4h | 1h 37m | $7.7M | $1.5M | 50x |
Gate VELODROME_USDT
Binance VELODROMEUSDTFunding 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
- −$8.4
- Price spread: +0.011% → −0.033%
- $4.34
- Slippage, 4 orders
- −$115.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.23
- Costs to cover
- 1.402%
- Break-even
- never at this rate
Slippage from Gate: live order book, 63 min ago; Binance: live order book, 2 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, 63 min ago | 3.34 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.66 bp | 25.1 bp −$25 | 238.0 bp −$2,380 | 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 VELODROMEUSDTshort | +0.0100% | 4h | 0.03006 | +0.011% | $7.7M | $1.5M | 50x | |
| Bybit VELODROMEUSDT | +0.0100% | 4h | 0.02999 | −0.220% | $808K | $333K | 20x | as long as short |
| MEXC VELODROME_USDT | +0.0100% | 4h | 0.03005 | −0.033% | $242K | $90K | 50x | as long as short |
| Variational Omni VELODROME | +0.0100% | 4h | 0.03001 | −0.162% | $79K | $3K | — | as long as short |
| BingX VELODROME-USDT | +0.0110% | 4h | 0.03005 | −0.033% | — | $1.3M | — | as long as short |
| Bitget VELODROMEUSDT | +0.0124% | 4h | 0.03009 | +0.103% | $534K | $26K | 20x | as long as short |
| Gate VELODROME_USDTlong | +0.0140% | 4h | 0.03006 | long leg | $126K | $7K | 20x |
Bybit VELODROMEUSDT
MEXC VELODROME_USDT
Variational Omni VELODROME
BingX VELODROME-USDT
Bitget VELODROMEUSDT