Funding you earn now, next payment 16:00 UTC−0.0751%/8h= −82.2% APRnext payment −$7.51 per $10,000 · paid last 24h −0.141%
Price spread now: Gate against Binance−0.091%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2842.844% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 2 days (all we have)−0.039%−$4 · spread now −0.091%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.51 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CATUSDT | 816.34 | 0.0751 | pay 0.0751% / 8h | 5h 57m | $449K | $407K | 25x |
| Short | Gate CAT_USDT | 815.60 | 0 | get 0.0000% / 8h | 5h 57m | $174K | $22K | 20x |
Binance CATUSDT
Gate CAT_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
- −$157.7
- Price spread: −0.091% → −0.061%
- −$2.93
- Slippage, 4 orders
- −$259.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$445.07
- Costs to cover
- 2.844%
- Break-even
- never at this rate
Slippage from Binance: live order book, 42 min ago; Gate: live order book, 49 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, 42 min ago | 4.60 bp | 40.6 bp −$41 | 181.7 bp −$1,817 | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 18.45 bp | 94.1 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
CAT on 5 exchanges
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 CAT_USDTshort | 0.0000% | 8h | 815.60 | −0.091% | $174K | $22K | 20x | |
| Bitget CATUSDT | 0.0000% | 8h | 816.44 | +0.012% | $457K | $157K | 20x | as long as short |
| QFEX CAT-USD | +0.0072% | 1h | 815.33 | −0.124% | $1.1M | $3.7M | 10x | as long as short |
| Variational Omni CAT | +0.0597% | 8h | 816.59 | +0.030% | $84K | $8K | — | as long as short |
| Binance CATUSDTlong | +0.0751% | 8h | 816.34 | long leg | $449K | $407K | 25x |
Bitget CATUSDT
QFEX CAT-USD
Variational Omni CAT