BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0655%/8h= +71.7% APRnext payment +$6.55 per $10,000 · paid last 24h +0.147%

Price spread now: Binance against Gate−0.080%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

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

Long on Gate Short on Binance

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)+0.145%+$14 · spread now −0.080%, 7d avg +0.008%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.088% cheaper against Gate than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.008%). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.049% in total) that is about 13 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 +$6.55 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	Gate BX_USDT	126.40	0	get 0.0000% / 8h	4h 28m	$424K	$27K	20x
Short	Binance BXUSDT	126.30	0.0655	get 0.0655% / 8h	4h 28m	$780K	$489K	20x

Funding 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 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 GatebpFee BinancebpOrdersPrice spread, now −0.080%Rate

Funding earned: $137.52
Price spread: −0.080% → +0.008%: −$8.81
Slippage, 4 orders: −$155.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.16
Costs to cover: 1.809%
Break-even: 9.7 days

Slippage from Gate: live order book, 27 min ago; Binance: live order book, 34 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, 27 min ago	11.88 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 34 min ago	1.98 bp	33.7 bp −$34	261.1 bp −$2,611	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	−0.0443%	1h	126.24	−0.127%	$664K	$213K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.20	−0.160%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.33	−0.055%	$485K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.127%	$163K	$113K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.02	+0.491%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.40	long leg	$424K	$27K	20x
Bitget BXUSDT	0.0000%	8h	126.48	+0.063%	$900K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.31	−0.070%	$873	$111K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.31	−0.071%	$1K	$312K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.36	−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
KuCoin BXUSDTM	+0.0100%	8h	126.10	−0.237%	$110K	$947K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.763%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0465%	8h	126.26	−0.112%	$43K	$12K	—	as long as short
Binance BXUSDTshort	+0.0655%	8h	126.30	−0.080%	$780K	$489K	20x