Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.82 per $10,000 · paid last 24h −0.016%
Price spread now: Binance against Gate+0.116%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 2 days (all we have)−0.081%−$8 · spread now +0.116%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BE_USDT | 274.00 | 0 | get 0.0000% / 8h | 7m 37s | $1.5M | $3.7M | 50x |
| Short | Binance BEUSDT | 274.32 | 0.0082 | get 0.0082% / 8h | 7m 37s | $8.5M | $36.8M | 25x |
Gate BE_USDT
Binance BEUSDTFunding 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
- $17.27
- Price spread: +0.116% → +0.068%
- $4.82
- Slippage, 4 orders
- −$29.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.08
- Costs to cover
- 0.542%
- Break-even
- 20.0 days
Slippage from Gate: live order book, 5 min ago; Binance: live order book, 4 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, 5 min ago | 3.65 bp | 17.9 bp −$18 | 40.6 bp −$406 | 77.8 bp −$7,777 | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.55 bp | 10.1 bp −$10 | 26.3 bp −$263 | 96.9 bp −$9,686 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.54 | +0.197% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.16 | +0.058% | $2.0M | $1.2M | 25x | as long as short |
| Gate BE_USDTlong | 0.0000% | 8h | 274.00 | long leg | $1.5M | $3.7M | 50x | |
| Bitget BEUSDT | 0.0000% | 8h | 274.24 | +0.088% | $1.7M | $2.6M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.32 | +0.117% | $1K | $2.5M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.31 | +0.113% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.05 | +0.018% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.19 | +0.069% | $250K | $380K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.08 | +0.029% | $114K | $120K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.31 | +0.113% | — | — | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.17 | +0.062% | $5.9M | $2.9M | 10x | as long as short |
| QFEX BE-USD | +0.0073% | 1h | 274.23 | +0.084% | $1.3M | $3.8M | 10x | as long as short |
| Extended BE-USD | +0.0080% | 1h | 274.26 | +0.093% | $46K | $270K | 10x | as long as short |
| Binance BEUSDTshort | +0.0082% | 8h | 274.32 | +0.116% | $8.5M | $36.8M | 25x | |
| Coinbase International BE-PERP-INTX | +0.0088% | 1h | 274.13 | +0.047% | $469K | $117K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.01 | +0.004% | $370K | $23K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.10 | +0.036% | — | — | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0105% | 8h | 274.30 | +0.109% | $6K | $182K | 10x | as long as short |
| BloFin BE-USDT | +0.0203% | 8h | 274.35 | +0.128% | $45K | $141K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0247% | 8h | 274.33 | +0.120% | $2.6M | $6.9M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0480% | 1h | 274.29 | +0.106% | $7K | $4K | 10x | as long as short |
tradeXYZ xyz:BE
QFEX BE-USD
Extended BE-USD
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
GRVT BE_USDT_Perp
BloFin BE-USDT
OKX BE-USDT-SWAP
Deribit BE_USDC-PERPETUAL