Funding you earn now, next payment 08:00 UTC+0.0111%/8h= +12.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.035%
Price spread now: Binance against Gate−0.040%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2532.533% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 2 days (all we have)+0.128%+$13 · spread now −0.040%, 7d avg +0.067%
=Funding pays, the price is against you. Binance is 0.108% cheaper against Gate than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.067%). If the spread goes back, that is −$11 on $10k: about 3.2 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CAT_USDT | 818.80 | 0 | get 0.0000% / 8h | 3h 10m | $175K | $23K | 20x |
| Short | Binance CATUSDT | 818.47 | 0.0111 | get 0.0111% / 8h | 3h 10m | $443K | $392K | 25x |
Gate CAT_USDT
Binance CATUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.41
- Price spread: −0.040% → +0.067%
- −$10.76
- Slippage, 4 orders
- −$228.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$240.65
- Costs to cover
- 2.533%
- Break-even
- 79.0 days
Slippage from Gate: live order book, 35 min ago; Binance: live order book, 36 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, 35 min ago | 17.11 bp | 89.3 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 36 min ago | 5.44 bp | 28.7 bp −$29 | 165.6 bp −$1,656 | doesn't fit | doesn't fit |
CAT on 5 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 CAT_USDTlong | 0.0000% | 8h | 818.80 | long leg | $175K | $23K | 20x | |
| Bitget CATUSDT | 0.0000% | 8h | 819.66 | +0.105% | $486K | $142K | 20x | as long as short |
| Variational Omni CAT | 0.0000% | 8h | 818.41 | −0.048% | $84K | $30K | — | as long as short |
| QFEX CAT-USD | +0.0039% | 1h | 818.55 | −0.031% | $1.1M | $4.1M | 10x | as long as short |
| Binance CATUSDTshort | +0.0111% | 8h | 818.47 | −0.040% | $443K | $392K | 25x |
Bitget CATUSDT
Variational Omni CAT
QFEX CAT-USD