DKNG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1008%/8h= −110.4% APRnext payment −$10.08 per $10,000 · paid last 24h −0.094%

Price spread now: Gate against Binance+0.131%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1301.296% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 2 days (all we have)−0.186%−$19 · spread now +0.131%, 7d avg +0.012%

Together, before fees−0.300%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.119% dearer against Binance than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.012%): +$12 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.114% in total) that is about 7.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.08 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	Binance DKNGUSDT	22.094	0.1008	pay 0.1008% / 8h	6h 48m	$269K	$623K	20x
Short	Gate DKNG_USDT	22.123	0	get 0.0000% / 8h	6h 48m	$110K	$5K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now +0.131%Rate

Funding earned: −$211.78
Price spread: +0.131% → +0.012%: $11.85
Slippage, 4 orders: −$104.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$329.57
Costs to cover: 1.296%
Break-even: never at this rate

Slippage from Binance: live order book, 43 min ago; Gate: live order book, 11 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, 43 min ago	4.53 bp	23.1 bp −$23	119.9 bp −$1,199	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	27.82 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit

DKNG on 12 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 DKNGUSDT	0.0000%	8h	22.096	+0.008%	$1K	$11K	20x	as long as short
Bybit DKNGUSDT	0.0000%	8h	22.080	−0.064%	$81K	$67K	25x	as long as short
Gate DKNG_USDTshort	0.0000%	8h	22.123	+0.131%	$110K	$5K	20x
Bitget DKNGUSDT	0.0000%	8h	22.113	+0.085%	$124K	$67K	20x	as long as short
SunX DKNG-USDT	0.0000%	8h	22.090	−0.019%	$1K	$682K	10x	as long as short
HTX DKNG-USDT	0.0000%	8h	22.050	−0.200%	$6K	$3K	10x	as long as short
Injective DKNG/USDC PERP	+0.0033%	1h	21.990	−0.471%	$707	$6K	12x	as long as short
OKX DKNG-USDT-SWAP	+0.0276%	8h	22.060	−0.154%	$113K	$113K	20x	as long as short
tradeXYZ xyz:DKNG	+0.0296%	1h	22.105	+0.049%	$1.7M	$2.1M	10x	as long as short
Variational Omni DKNG	+0.0946%	8h	22.092	−0.011%	$78K	$51K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DKNGUSDTlong	+0.1008%	8h	22.094	long leg	$269K	$623K	20x
KuCoin DKNGUSDTM	+0.1318%	8h	22.070	−0.109%	$90K	$412K	20x	as long as short