Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%
Price spread now: Extended against Gate−0.325%7-day average — · you buy dearer than you sell
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
=Funding pays, the price is against you. Extended is 0.325% cheaper against Gate than usual: you would sell low and buy high (spread −0.325% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 27 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BKNG_USDT | 169.30 | 0 | get 0.0000% / 8h | 1h 28m | $117K | $3K | 20x |
| Short | Extended BKNG-USD | 168.75 | 0.0040 | get 0.0005% / 1h | 28m 31s | $15K | — | 10x |
Gate BKNG_USDT
Extended BKNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $8.4
- Price spread: −0.325% → 0.000%
- −$32.49
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$44.09
- Costs to cover
- 0.200%
- Break-even
- 43.7 days
Slippage unknown: Gate: live order book, 47 min ago; Extended: no order-book sample. 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 Gate live order book, 47 min ago | 30.01 bp | 53.4 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
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_USDTlong | 0.0000% | 8h | 169.30 | long leg | $117K | $3K | 20x | |
| Bitget BKNGUSDT | 0.0000% | 8h | 168.54 | −0.449% | $95K | $22K | 20x | as long as short |
| HTX BKNG-USDT | 0.0000% | 8h | 168.47 | −0.490% | $5K | $362K | 20x | as long as short |
| Extended BKNG-USDshort | +0.0040% | 1h | 168.75 | −0.325% | $15K | — | 10x |
Bitget BKNGUSDT
HTX BKNG-USDT