Funding you earn now, next payment 08:00 UTC−0.1471%/8h= −161.1% APRpaid last 24h −0.140%
Price spread now: Gate against Binance+0.557%7-day average +0.189% · you sell dearer than you buy
Net, funding: paid 7d − costs−$389as in the Funding arb table
Net, price: spread back to 7d avg − costs−$322as in the Price arb table
costs, in and out, $10k−$3593.588% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 4 days (all we have)−0.384%−$38 · spread now +0.557%, 7d avg +0.189%
=The price spread pays, funding is against you. Gate is 0.368% dearer against Binance than usual: you sell high and buy low (spread +0.557% now, against its 7-day average of +0.189%): +$37 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.306% in total) that is about 8.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.306% in total (about -16.0% a year). A funding rate is set anew for every payment. 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 BYDUSDT | 10.396 | 0.1599 | pay 0.0800% / 4h | 3h 56m | $1.4M | $886K | 20x |
| Short | Gate BYD_USDT | 10.454 | 0.0128 | get 0.0128% / 8h | 3h 56m | $156K | $53K | 20x |
Binance BYDUSDT
Gate BYD_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$308.96
- Price spread: +0.557% → +0.189%
- $36.79
- Slippage, 4 orders
- −$333.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$630.95
- Costs to cover
- 3.588%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 54 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, 7 min ago | 4.81 bp | 29.0 bp −$29 | 90.0 bp −$900 | doesn't fit | doesn't fit |
| Sell Gate live order book, 54 min ago | 11.42 bp | 209.3 bp −$209 | doesn't fit | doesn't fit | doesn't fit |
BYD on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BYD-USDT | 0.0000% | 4h | 10.390 | −0.058% | — | $2.2M | 10x | as long as short |
| HTX BYD-USDT | 0.0000% | 4h | 10.410 | +0.134% | $9K | $267K | 20x | as long as short |
| KuCoin BYDUSDTM | +0.0100% | 8h | 10.418 | +0.211% | $13K | $1.7M | 20x | as long as short |
| Gate BYD_USDTshort | +0.0128% | 8h | 10.454 | +0.557% | $156K | $53K | 20x | |
| Bybit BYDUSDT | +0.0339% | 8h | 10.400 | +0.038% | $78K | $12K | 25x | as long as short |
| edgeX BYDUSDC | +0.0433% | 4h | 10.396 | −0.002% | $43K | $428K | 10x | as long as short |
| Bitget BYDUSDT | +0.0893% | 8h | 10.398 | +0.019% | $153K | $231K | 20x | as long as short |
| Binance BYDUSDTlong | +0.1599% | 4h | 10.396 | long leg | $1.4M | $886K | 20x |
SunX BYD-USDT
HTX BYD-USDT
KuCoin BYDUSDTM
Bybit BYDUSDT
edgeX BYDUSDC
Bitget BYDUSDT