Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Gate against Extended+0.480%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Gate is 0.480% dearer against Extended than usual: you sell high and buy low (spread +0.480% now, against zero (this spread has no 7-day history yet)): +$48 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BKNG-USD | 168.60 | 0.0040 | pay 0.0005% / 1h | 29m 31s | $15K | — | 10x |
| Short | Gate BKNG_USDT | 169.41 | 0 | get 0.0000% / 8h | 1h 29m | $117K | $3K | 20x |
Extended BKNG-USD
Gate BKNG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Extended. 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
- −$8.4
- Price spread: +0.480% → 0.000%
- $47.98
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $19.58
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Gate: live order book, 46 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 46 min ago | 30.01 bp | 132.2 bp −$132 | doesn't fit | doesn't fit | doesn't fit |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BKNG on 4 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 BKNG_USDTshort | 0.0000% | 8h | 169.41 | +0.480% | $117K | $3K | 20x | |
| Bitget BKNGUSDT | 0.0000% | 8h | 168.64 | +0.023% | $95K | $22K | 20x | as long as short |
| HTX BKNG-USDT | 0.0000% | 8h | 169.76 | +0.687% | $5K | $362K | 20x | as long as short |
| Extended BKNG-USDlong | +0.0040% | 1h | 168.60 | long leg | $15K | — | 10x |
Bitget BKNGUSDT
HTX BKNG-USDT