Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Gate+0.210%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$759as in the Funding arb table
Net, price: spread back to 7d avg − costs−$748as in the Price arb table
costs, in and out, $10k−$7647.644% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.210%, 7d avg +0.044%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.166% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate W_USDT | 0.01189 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $450K | $253K | 75x |
| Short | BingX W-USDT | 0.01192 | 0.0100 | get 0.0050% / 4h | 1h 20m | — | $6.8M | — |
Gate W_USDT
BingX W-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.210% → +0.044%
- $16.59
- Slippage, 4 orders
- −$739.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$747.78
- Costs to cover
- 7.644%
- Break-even
- never at this rate
Slippage from Gate: live order book, 40 min ago; BingX: live order book, 7 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, 40 min ago | 8.90 bp | 303.4 bp −$303 | 31090.2 bp −$310.9K | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 5.07 bp | 23.5 bp −$23 | 54.9 bp −$549 | 466.4 bp −$46.6K | 1080.1 bp −$540.0K |
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 | 0.0000% | 1h | 0.01193 | +0.353% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.682% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01192 | +0.252% | $2.0M | $383K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01193 | +0.321% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01191 | +0.202% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01192 | +0.210% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDTlong | +0.0100% | 4h | 0.01189 | long leg | $450K | $253K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01192 | +0.286% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01191 | +0.168% | $387K | $214K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01193 | +0.336% | $1.3M | $570K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
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-USDTshort | +0.0100% | 4h | 0.01192 | +0.210% | — | $6.8M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01191 | +0.141% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01190 | +0.115% | $126K | $413K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01193 | +0.296% | $61K | $237K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01193 | +0.336% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0635% | 1h | 0.01195 | +0.471% | $44K | $45K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1700% | 1h | 0.01195 | +0.545% | $148K | $184K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD