Funding you earn now, next payment 00:00 UTC+0.0554%/8h= +60.6% APRnext payment +$5.54 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate−0.082%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 2 days (all we have)+0.111%+$11 · spread now −0.082%, 7d avg +0.008%
=Funding pays, the price is against you. Binance is 0.091% cheaper against Gate than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.008%). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.018% in total) that is about 35 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.54 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 COST_USDT | 899.68 | 0 | get 0.0000% / 8h | 1m 33s | $523K | $26K | 25x |
| Short | Binance COSTUSDT | 898.94 | 0.0554 | get 0.0554% / 8h | 1m 33s | $1.1M | $970K | 20x |
Gate COST_USDT
Binance COSTUSDTFunding 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
- $116.28
- Price spread: −0.082% → +0.008%
- −$9.06
- Slippage, 4 orders
- −$33.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $48.61
- Costs to cover
- 0.586%
- Break-even
- 4.1 days
Slippage from Gate: live order book, 9 min ago; Binance: live order book, 1 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, 9 min ago | 6.62 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.22 bp | 12.7 bp −$13 | 58.5 bp −$585 | doesn't fit | doesn't fit |
COST on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COSTUSDT | 0.0000% | 8h | 898.28 | −0.155% | $45K | $178 | 20x | as long as short |
| Bybit COSTUSDT | 0.0000% | 8h | 899.32 | −0.040% | $476K | $206K | 25x | as long as short |
| Gate COST_USDTlong | 0.0000% | 8h | 899.68 | long leg | $523K | $26K | 25x | |
| Bitget COSTUSDT | 0.0000% | 8h | 898.75 | −0.103% | $397K | $125K | 25x | as long as short |
| SunX COST-USDT | 0.0000% | 8h | 898.80 | −0.098% | $1K | $3.2M | 10x | as long as short |
| HTX COST-USDT | 0.0000% | 8h | 900.20 | +0.058% | $10K | $42K | 10x | as long as short |
| OKX COST-USDT-SWAP | +0.0017% | 8h | 899.55 | −0.014% | $444K | $141K | 10x | as long as short |
| QFEX COST-USD | +0.0029% | 1h | 898.82 | −0.096% | $1.1M | $3.2M | 10x | as long as short |
| Injective COST/USDC PERP | +0.0033% | 1h | 891.98 | −0.856% | $2K | $28K | 12x | as long as short |
| Extended COST-USD | +0.0040% | 1h | 898.25 | −0.159% | — | — | 10x | as long as short |
Aster COSTUSDT
Bybit COSTUSDT
Bitget COSTUSDT
SunX COST-USDT
HTX COST-USDT
OKX COST-USDT-SWAP
QFEX COST-USD
Injective COST/USDC PERP
Extended COST-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COST-USD-PERP | +0.0046% | 1h | 898.25 | −0.159% | — | — | 25x | as long as short |
| tradeXYZ xyz:COST | +0.0050% | 1h | 898.35 | −0.148% | $1.8M | $526K | 20x | as long as short |
| KuCoin COSTUSDTM | +0.0100% | 8h | 898.00 | −0.187% | $46K | $852K | 20x | as long as short |
| Variational Omni COST | +0.0369% | 8h | 898.57 | −0.123% | $42K | $17K | — | as long as short |
| Binance COSTUSDTshort | +0.0554% | 8h | 898.94 | −0.082% | $1.1M | $970K | 20x |
Vest COST-USD-PERP
tradeXYZ xyz:COST
KuCoin COSTUSDTM
Variational Omni COST