Funding you earn now, next payment 08:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h −0.040%
Price spread now: Arcus against Gate−0.085%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.085%, 7d avg −0.046%
=Funding pays, the price is against you. Arcus is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.046%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.001% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BE_USDT | 271.40 | −0.0370 | get 0.0370% / 8h | 46m 47s | $1.4M | $3.3M | 50x |
| Short | Arcus BE-USD | 271.17 | 0.0040 | get 0.0005% / 1h | 46m 47s | $113K | $97K | 10x |
Gate BE_USDT
Arcus BE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $86.16
- Price spread: −0.085% → −0.046%
- −$3.91
- Slippage, 4 orders
- −$42.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $20.4
- Costs to cover
- 0.618%
- Break-even
- 5.3 days
Slippage from Gate: live order book, 1 min ago; Arcus: 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 Gate live order book, 1 min ago | 3.69 bp | 19.5 bp −$20 | 43.9 bp −$439 | 80.6 bp −$8,059 | doesn't fit |
| Sell Arcus live order book, 56 min ago | 2.95 bp | 12.3 bp −$12 | 21.3 bp −$213 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDTlong | −0.0370% | 8h | 271.40 | long leg | $1.4M | $3.3M | 50x | |
| Bitget BEUSDT | −0.0091% | 8h | 271.50 | +0.037% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.47 | +0.027% | $343K | $128K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.35 | −0.020% | $46K | $381K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.42 | +0.007% | $8.2M | $37.1M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.60 | +0.074% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.19 | −0.077% | $7K | $156K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.48 | +0.029% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.55 | +0.055% | $12K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0017% | 1h | 271.53 | +0.048% | $1.3M | $2.3M | 10x | as long as short |
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 271.13 | −0.099% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 271.37 | −0.011% | $242K | $305K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0032% | 1h | 270.59 | −0.298% | $473K | $114K | 10x | as long as short |
| Arcus BE-USDshort | +0.0040% | 1h | 271.17 | −0.085% | $113K | $97K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.42 | +0.007% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0056% | 8h | 271.57 | +0.063% | $2.0M | $1.1M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.32 | −0.029% | $367K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.49 | +0.032% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0118% | 1h | 271.35 | −0.018% | $5.9M | $2.8M | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.64 | +0.088% | $46K | $146K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0746% | 1h | 271.45 | +0.018% | $6K | $4K | 10x | as long as short |
Lighter BE
Lighter RH BE
Coinbase International BE-PERP-INTX
Vest BE-USD-PERP
Bybit BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
tradeXYZ xyz:BE
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL