Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRnext payment −$3.26 per $10,000 · paid last 24h −0.064%
Price spread now: Bitget against Gate+0.138%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days−0.191%−$19 · spread now +0.138%, 7d avg −0.004%
=The price spread pays, funding is against you. Bitget is 0.142% dearer against Gate than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of −0.004%): +$14 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.162% in total) that is about 6.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.26 per $10,000. 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 | Gate COIN_USDT | 195.49 | 0 | get 0.0000% / 8h | 1m 36s | $1.2M | $7.4M | 50x |
| Short | Bitget COINUSDT | 195.76 | −0.0326 | pay 0.0326% / 8h | 1m 36s | $6.3M | $10.5M | 20x |
Gate COIN_USDT
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$68.46
- Price spread: +0.138% → −0.004%
- $14.17
- Slippage, 4 orders
- −$28.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$109.31
- Costs to cover
- 0.550%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 4.09 bp | 17.3 bp −$17 | 128.1 bp −$1,281 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.04 bp | 10.7 bp −$11 | 19.1 bp −$191 | 86.2 bp −$8,620 | 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 | 195.58 | +0.046% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDTshort | −0.0326% | 8h | 195.76 | +0.138% | $6.3M | $10.5M | 20x | |
| Vest COIN-USD-PERP | −0.0049% | 1h | 195.05 | −0.225% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.29 | −0.103% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.39 | −0.051% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.39 | −0.051% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 195.49 | long leg | $1.2M | $7.4M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 195.48 | −0.006% | $668K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0002% | 8h | 195.50 | +0.005% | $15K | $2.9M | 10x | as long as short |
| Binance COINUSDT | +0.0031% | 8h | 195.43 | −0.031% | $14.9M | $82.1M | 20x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Binance COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 195.35 | −0.072% | $464K | $1.5M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.38 | −0.055% | $104K | $860K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.70 | +0.107% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.30 | −0.097% | $15.1M | $12.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.26 | −0.118% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.39 | −0.051% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.43 | −0.031% | $442K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.44 | −0.026% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.31 | −0.092% | $984K | $152K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.33 | −0.082% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.41 | −0.041% | $565 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 195.36 | −0.066% | $362K | $2.3M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.40 | −0.049% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0112% | 8h | 195.62 | +0.066% | $187K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.42 | −0.036% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0459% | 4h | 195.46 | −0.013% | $50K | $295K | 10x | as long as short |
Lighter RH COIN
Extended COIN_24_5-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Lighter COIN
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC