Funding you earn now, next payment 16:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against Binance−0.035%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.035%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.045% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.152%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 197.88 | 0.0049 | pay 0.0049% / 8h | 7h 13m | $14.9M | $80.9M | 20x |
| Short | Gate COIN_USDT | 197.81 | 0 | get 0.0000% / 8h | 7h 13m | $1.2M | $6.9M | 50x |
Binance COINUSDT
Gate COIN_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
- −$10.37
- Price spread: −0.035% → +0.009%
- −$4.45
- Slippage, 4 orders
- −$24.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.22
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 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, 14 min ago | 0.26 bp | 8.6 bp −$9 | 19.0 bp −$190 | 71.2 bp −$7,119 | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.03 bp | 12.5 bp −$13 | 68.9 bp −$689 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.73 | −0.076% | $18K | $219K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0057% | 1h | 197.74 | −0.071% | — | $320K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.00 | +0.061% | $345K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.93 | +0.025% | $4.6M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.95 | +0.035% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTshort | 0.0000% | 8h | 197.81 | −0.035% | $1.2M | $6.9M | 50x | |
| Bitget COINUSDT | 0.0000% | 8h | 197.91 | +0.015% | $6.5M | $10.0M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.76 | −0.062% | $669K | $845K | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0027% | 8h | 196.93 | −0.480% | $13K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.82 | −0.028% | $361K | $2.1M | 10x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 197.89 | +0.005% | $471K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.01 | +0.066% | $17K | $43K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 197.85 | −0.015% | $1.3M | $2.7M | 10x | as long as short |
| Binance COINUSDTlong | +0.0049% | 8h | 197.88 | long leg | $14.9M | $80.9M | 20x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.85 | −0.015% | $15.3M | $12.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.95 | +0.035% | $136K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.59 | −0.147% | $423K | $2.4M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0056% | 1h | 197.83 | −0.023% | $105K | $857K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.89 | +0.005% | $934K | $213K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.36 | −0.263% | $89K | $285K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.02 | +0.071% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.02 | +0.068% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 196.79 | −0.551% | $4K | $283K | 10x | as long as short |
| BloFin COIN-USDT | +0.0172% | 8h | 197.76 | −0.061% | $188K | $485K | 20x | as long as short |
| edgeX COINUSDC | +0.0743% | 4h | 197.47 | −0.205% | $51K | $296K | 10x | as long as short |
| SoDEX COIN-USD | +0.0766% | 1h | 197.98 | +0.051% | $72 | $3K | 10x | as long as short |
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
Extended COIN_24_5-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
BloFin COIN-USDT
edgeX COINUSDC
SoDEX COIN-USD