Funding you earn now, next payment 06:00 UTC−0.0820%/8h= −89.7% APRpaid last 24h +0.015%
Price spread now: tradeXYZ against Gate−0.009%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$330as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3503.499% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.009%, 7d avg −0.082%
=Together, before fees+0.221%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.073% dearer against Gate than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.082%): +$7 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.198%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% a year). A funding rate is set anew for every payment. 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 EBAY_USDT | 108.32 | 0 | get 0.0000% / 8h | 2h 11m | $146K | $3K | 20x |
| Short | tradeXYZ xyz:EBAY | 108.31 | −0.0820 | pay 0.0102% / 1h | 11m 13s | $303K | $74K | 10x |
Gate EBAY_USDT
tradeXYZ xyz:EBAYFunding 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
- −$172.11
- Price spread: −0.009% → −0.082%
- $7.26
- Slippage, 4 orders
- −$316.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$514.75
- Costs to cover
- 3.499%
- Break-even
- never at this rate
Slippage from Gate: live order book, 29 min ago; tradeXYZ: live order book, 65 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, 29 min ago | 0.92 bp | 67.0 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 65 min ago | 11.97 bp | 39.9 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
EBAY on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EBAYshort | −0.0820% | 1h | 108.31 | −0.009% | $303K | $74K | 10x | |
| Aster EBAYUSDT | 0.0000% | 8h | 108.37 | +0.042% | $4K | $936 | 20x | as long as short |
| Binance EBAYUSDT | 0.0000% | 8h | 108.29 | −0.029% | $253K | $363K | 20x | as long as short |
| Bybit EBAYUSDT | 0.0000% | 8h | 108.45 | +0.120% | $41K | $14K | 25x | as long as short |
| QFEX EBAY-USD | 0.0000% | 1h | 108.35 | +0.028% | $1.1M | $3.5M | 10x | as long as short |
| Gate EBAY_USDTlong | 0.0000% | 8h | 108.32 | long leg | $146K | $3K | 20x | |
| Variational Omni EBAY | 0.0000% | 8h | 108.25 | −0.068% | $15K | $42K | — | as long as short |
| SunX EBAY-USDT | 0.0000% | 8h | 108.26 | −0.055% | $1K | $942K | 10x | as long as short |
| HTX EBAY-USDT | 0.0000% | 8h | 108.30 | −0.018% | $6K | $3K | 10x | as long as short |
Aster EBAYUSDT
Binance EBAYUSDT
Bybit EBAYUSDT
QFEX EBAY-USD
Variational Omni EBAY
SunX EBAY-USDT
HTX EBAY-USDT