Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%
Price spread now: Binance against Gate+0.001%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 2 days (all we have)−0.104%−$10 · spread now +0.001%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.028% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 202.13 | 0 | get 0.0000% / 8h | 2h 26m | $1.3M | $6.9M | 50x |
| Short | Binance COINUSDT | 202.13 | 0 | get 0.0000% / 8h | 2h 26m | $15.6M | $77.1M | 20x |
Gate COIN_USDT
Binance COINUSDTFunding 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
- $0
- Price spread: +0.001% → −0.027%
- $2.77
- Slippage, 4 orders
- −$37.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$59.6
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 16 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, 1 min ago | 4.21 bp | 24.4 bp −$24 | 110.5 bp −$1,105 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.25 bp | 8.9 bp −$9 | 18.2 bp −$182 | 54.9 bp −$5,487 | 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 | 201.98 | −0.074% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.15 | +0.007% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.11 | −0.011% | $120K | $445K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 202.13 | +0.001% | $15.6M | $77.1M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 202.09 | −0.020% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.06 | −0.035% | $3.3M | $4.8M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 202.13 | long leg | $1.3M | $6.9M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 201.95 | −0.091% | $760K | $982K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.96 | −0.084% | $13K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0014% | 8h | 202.17 | +0.020% | $6.9M | $10.0M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0027% | 1h | 202.05 | −0.040% | $1.4M | $3.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 202.09 | −0.021% | $377K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.05 | −0.040% | $437K | $2.0M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0037% | 1h | 201.76 | −0.183% | $360K | $3.2M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.84 | −0.143% | $18K | $54K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.22 | +0.045% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 202.06 | −0.035% | $16.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.04 | −0.045% | $212K | $1.1M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.02 | −0.054% | $88 | $3K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.10 | −0.015% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.02 | −0.054% | $91K | $534K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.09 | −0.020% | $584 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.08 | −0.023% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.08 | −0.025% | $200K | $339K | 20x | as long as short |
| edgeX COINUSDC | +0.0133% | 4h | 201.92 | −0.104% | $52K | $294K | 10x | as long as short |
| Phoenix COIN | +0.0197% | 1h | 201.89 | −0.119% | $5K | $281K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Ondo Perps COIN-USD.P
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC
Phoenix COIN