Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.1% APRnext payment +$2.29 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate−0.082%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2552.551% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now −0.082%, 7d avg −0.015%
=Funding pays, the price is against you. Binance is 0.067% cheaper against Gate than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.015%). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.121% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.29 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 GEV_USDT | 952.30 | 0 | get 0.0000% / 8h | 4h 26m | $288K | $16K | 20x |
| Short | Binance GEVUSDT | 951.52 | 0.0229 | get 0.0229% / 8h | 4h 26m | $1.5M | $769K | 25x |
Gate GEV_USDT
Binance GEVUSDTFunding 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
- $48.05
- Price spread: −0.082% → −0.015%
- −$6.74
- Slippage, 4 orders
- −$230.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$213.74
- Costs to cover
- 2.551%
- Break-even
- 38.1 days
Slippage from Gate: live order book, 26 min ago; Binance: live order book, 7 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, 26 min ago | 10.49 bp | 83.1 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.15 bp | 17.3 bp −$17 | 138.0 bp −$1,380 | doesn't fit | doesn't fit |
GEV 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GEVUSDT | 0.0000% | 8h | 950.27 | −0.213% | $315K | $250K | 25x | as long as short |
| OKX GEV-USDT-SWAP | 0.0000% | 8h | 951.28 | −0.107% | $611K | $187K | 25x | as long as short |
| Gate GEV_USDTlong | 0.0000% | 8h | 952.30 | long leg | $288K | $16K | 20x | |
| Bitget GEVUSDT | 0.0000% | 8h | 951.04 | −0.132% | $492K | $96K | 20x | as long as short |
| HTX GEV-USDT | 0.0000% | 8h | 951.69 | −0.064% | $9K | $37K | 10x | as long as short |
| Lighter GEV | +0.0032% | 1h | 952.60 | +0.032% | $3K | $750 | 10x | as long as short |
| Binance GEVUSDTshort | +0.0229% | 8h | 951.52 | −0.082% | $1.5M | $769K | 25x | |
| tradeXYZ xyz:GEV | +0.0284% | 1h | 950.84 | −0.153% | $584K | $174K | 10x | as long as short |
Bybit GEVUSDT
OKX GEV-USDT-SWAP
Bitget GEVUSDT
HTX GEV-USDT
Lighter GEV
tradeXYZ xyz:GEV