BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0816%/8h= −89.3% APRnext payment −$8.16 per $10,000 · paid last 24h −0.147%

Price spread now: Gate against Binance+0.040%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1811.809% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 2 days (all we have)−0.120%−$12 · spread now +0.040%, 7d avg −0.008%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.048% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.049% in total) that is about 6.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.16 per $10,000. 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	Binance BXUSDT	126.26	0.0816	pay 0.0816% / 8h	4h 51m	$781K	$485K	20x
Short	Gate BX_USDT	126.31	0	get 0.0000% / 8h	4h 51m	$423K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$171.34
Price spread: +0.040% → −0.008%: $4.77
Slippage, 4 orders: −$155.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$347.44
Costs to cover: 1.809%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Gate: 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 Binance live order book, 10 min ago	1.98 bp	34.3 bp −$34	151.0 bp −$1,510	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	11.88 bp	77.1 bp −$77	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
tradeXYZ xyz:BX	−0.0598%	1h	126.14	−0.095%	$664K	$211K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.19	−0.052%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.22	−0.032%	$485K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.34	+0.063%	$164K	$113K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.01	+0.594%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDTshort	0.0000%	8h	126.31	+0.040%	$423K	$27K	20x
Bitget BXUSDT	0.0000%	8h	126.41	+0.119%	$899K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.23	−0.023%	$649	$112K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.15	−0.087%	$1K	$312K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.30	+0.032%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.884%	$4K	$32K	12x	as long as short
KuCoin BXUSDTM	+0.0246%	8h	126.09	−0.135%	$114K	$967K	20x	as long as short
Variational Omni BX	+0.0599%	8h	126.18	−0.060%	$43K	$12K	—	as long as short
Binance BXUSDTlong	+0.0816%	8h	126.26	long leg	$781K	$485K	20x