Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate+0.364%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$717as in the Funding arb table
Net, price: spread back to 7d avg − costs−$688as in the Price arb table
costs, in and out, $10k−$7167.160% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.364%, 7d avg +0.088%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.276% dearer against Gate than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate W_USDT | 0.01170 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $444K | $291K | 75x |
| Short | Binance WUSDT | 0.01174 | 0.0100 | get 0.0050% / 4h | 1h 56m | $3.0M | $7.1M | 50x |
Gate W_USDT
Binance WUSDTFunding 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: +0.364% → +0.088%
- $27.65
- Slippage, 4 orders
- −$690.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$688.32
- Costs to cover
- 7.160%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; Binance: live order book, 12 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, 24 min ago | 8.94 bp | 275.2 bp −$275 | 29633.8 bp −$296.3K | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.41 bp | 22.3 bp −$22 | 80.9 bp −$809 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0857% | 1h | 0.01173 | +0.222% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0056% | 4h | 0.01174 | +0.342% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.333% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01175 | +0.427% | $2.0M | $450K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01174 | +0.364% | $3.0M | $7.1M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01172 | +0.214% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDTlong | +0.0100% | 4h | 0.01170 | long leg | $444K | $291K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01175 | +0.419% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01171 | +0.085% | $415K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01175 | +0.427% | $1.3M | $582K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Bybit WUSDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01174 | +0.325% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01174 | +0.325% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01167 | −0.247% | $70K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01171 | +0.071% | $122K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01175 | +0.410% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01178 | +0.684% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0399% | 1h | 0.01174 | +0.368% | $145K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD