Funding you earn now, next payment 04:00 UTC−0.0249%/8h= −27.3% APRpaid last 24h −0.035%
Price spread now: Gate against edgeX−0.001%97s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2252.249% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.001%, 7d avg −0.045%
=Together, before fees+0.050%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.044% dearer against edgeX than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.045%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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 | edgeX GDXUSDC | 94.521 | 0.0249 | pay 0.0125% / 4h | 25m 49s | $96K | $226K | 10x |
| Short | Gate GDX_USDT | 94.520 | 0 | get 0.0000% / 8h | 4h 25m | $168K | $150K | 20x |
edgeX GDXUSDC
Gate GDX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- −$52.3
- Price spread: −0.001% → −0.045%
- $4.41
- Slippage, 4 orders
- −$200.94
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$272.83
- Costs to cover
- 2.249%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 31 min ago; Gate: live order book, 25 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 edgeX live order book, 31 min ago | 13.76 bp | 35.5 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 13.26 bp | 63.7 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
GDX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance GDXUSDT | 0.0000% | 8h | 94.548 | +0.029% | $423K | $261K | 20x | as long as short |
| Bybit GDXUSDT | 0.0000% | 8h | 94.450 | −0.075% | $242K | $41K | 25x | as long as short |
| Gate GDX_USDTshort | 0.0000% | 8h | 94.520 | −0.001% | $168K | $150K | 20x | |
| MEXC GDX_USDT | 0.0000% | 8h | 94.520 | −0.001% | $845K | $88K | 20x | as long as short |
| Bitget GDXUSDT | 0.0000% | 8h | 94.420 | −0.107% | $282K | $350K | 20x | as long as short |
| HTX GDX-USDT | 0.0000% | 8h | 94.540 | +0.020% | $8K | $321K | 20x | as long as short |
| Vest GDX-USD-PERP | +0.0046% | 1h | 94.240 | −0.297% | — | — | 25x | as long as short |
| edgeX GDXUSDClong | +0.0249% | 4h | 94.521 | long leg | $96K | $226K | 10x |
Binance GDXUSDT
Bybit GDXUSDT
MEXC GDX_USDT
Bitget GDXUSDT
HTX GDX-USDT
Vest GDX-USD-PERP