Funding you earn now, next payment 04:00 UTC+0.0218%/8h= +23.8% APRpaid last 24h +0.046%
Price spread now: Binance against Gate+0.039%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$886as in the Funding arb table
Net, price: spread back to 7d avg − costs−$913as in the Price arb table
costs, in and out, $10k−$9219.214% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.039%, 7d avg −0.050%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.089% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate WET_USDT | 0.06935 | 0.0100 | pay 0.0100% / 8h | 6h 31m | $1.0M | $61K | 50x |
| Short | Binance WETUSDT | 0.06938 | 0.0318 | get 0.0159% / 4h | 2h 31m | $1.3M | $2.4M | 50x |
Gate WET_USDT
Binance WETUSDTFunding 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
- $45.69
- Price spread: +0.039% → −0.050%
- $8.93
- Slippage, 4 orders
- −$896.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$866.82
- Costs to cover
- 9.214%
- Break-even
- 139.8 days
Slippage from Gate: live order book, 1 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, 1 min ago | 11.58 bp | 486.4 bp −$486 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 4.18 bp | 31.0 bp −$31 | 179.0 bp −$1,790 | doesn't fit | doesn't fit |
WET on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WETUSDT | +0.0100% | 4h | 0.06929 | −0.087% | $1.5M | $768K | 50x | as long as short |
| OKX WET-USDT-SWAP | +0.0100% | 4h | 0.06952 | +0.245% | $728K | $984K | 20x | as long as short |
| Gate WET_USDTlong | +0.0100% | 8h | 0.06935 | long leg | $1.0M | $61K | 50x | |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.06928 | −0.101% | $705K | $703K | 50x | as long as short |
| Bitget WETUSDT | +0.0100% | 4h | 0.06903 | −0.461% | $580K | $127K | 25x | as long as short |
| MEXC WET_USDT | +0.0316% | 4h | 0.06926 | −0.130% | $187K | $112K | 50x | as long as short |
| Binance WETUSDTshort | +0.0318% | 4h | 0.06938 | +0.039% | $1.3M | $2.4M | 50x | |
| BingX WET-USDT | +0.0336% | 4h | 0.06923 | −0.173% | — | $6.5M | — | as long as short |
| Aster WETUSDT | +0.1177% | 4h | 0.06939 | +0.058% | $14K | $31K | 5x | as long as short |
Bybit WETUSDT
OKX WET-USDT-SWAP
KuCoin WETUSDTM
Bitget WETUSDT
MEXC WET_USDT
BingX WET-USDT
Aster WETUSDT