Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.024%
Price spread now: tradeXYZ against Gate+0.015%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now +0.015%, 7d avg −0.078%
=Together, before fees−0.108%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.093% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 195.70 | 0 | get 0.0000% / 8h | 7h 59m | $1.2M | $6.7M | 50x |
| Short | tradeXYZ xyz:COIN | 195.73 | 0.0050 | get 0.0006% / 1h | 59m 28s | $15.1M | $12.9M | 10x |
Gate COIN_USDT
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: +0.015% → −0.078%
- $9.32
- Slippage, 4 orders
- −$23.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$36.39
- Costs to cover
- 0.562%
- Break-even
- 31.3 days
Slippage from Gate: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago | 4.09 bp | 17.3 bp −$17 | 128.1 bp −$1,281 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.26 bp | 12.8 bp −$13 | doesn't fit | 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 | 195.49 | −0.107% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0321% | 8h | 195.70 | 0.000% | $6.4M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0051% | 1h | 195.29 | −0.210% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.77 | +0.034% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.82 | +0.061% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.63 | −0.036% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 195.70 | long leg | $1.2M | $6.7M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | −0.128% | $659K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0008% | 8h | 195.46 | −0.123% | $20K | $2.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.63 | −0.036% | $465K | $1.3M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter RH COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.66 | −0.018% | $104K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0035% | 8h | 195.73 | +0.015% | $15.0M | $82.1M | 20x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.79 | +0.046% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 195.73 | +0.015% | $15.1M | $12.9M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.71 | +0.005% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.51 | −0.097% | $76 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.32 | −0.194% | $442K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.65 | −0.026% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.58 | −0.061% | $985K | $154K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.40 | −0.153% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.45 | −0.128% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.52 | −0.091% | $115 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 195.60 | −0.053% | $364K | $2.0M | 10x | as long as short |
| BloFin COIN-USDT | +0.0125% | 8h | 195.50 | −0.102% | $187K | $434K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.42 | −0.143% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0875% | 4h | 195.55 | −0.079% | $50K | $295K | 10x | as long as short |
Extended COIN_24_5-USD
Binance COINUSDT
Arcus COIN-USD
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
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC