Funding you earn now, next payment 08:00 UTC−0.0408%/8h= −44.6% APRpaid last 24h −0.026%
Price spread now: Binance against Gate+0.030%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2862.856% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.030%, 7d avg +0.087%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.056% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.087%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.257% in total (about -13.4% 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 GIGADEV_USDT | 65.730 | 0 | get 0.0000% / 8h | 22m 49s | $163K | $32K | 20x |
| Short | Binance GIGADEVUSDT | 65.750 | −0.0408 | pay 0.0204% / 4h | 22m 49s | $982K | $2.9M | 20x |
Gate GIGADEV_USDT
Binance GIGADEVUSDTFunding 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
- −$85.62
- Price spread: +0.030% → +0.087%
- −$5.63
- Slippage, 4 orders
- −$260.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$376.82
- Costs to cover
- 2.856%
- Break-even
- never at this rate
Slippage from Gate: live order book, 8 min ago; Binance: live order book, 12 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, 8 min ago | 12.19 bp | 131.1 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.28 bp | 25.4 bp −$25 | 82.8 bp −$828 | doesn't fit | doesn't fit |
GIGADEV on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX GIGADEVUSDC | −0.1205% | 4h | 65.707 | −0.035% | $68K | $313K | 10x | as long as short |
| KuCoin GIGADEVUSDTM | −0.0716% | 4h | 65.700 | −0.046% | $21K | $54K | 20x | as long as short |
| Binance GIGADEVUSDTshort | −0.0408% | 4h | 65.750 | +0.030% | $982K | $2.9M | 20x | |
| tradeXYZ xyz:GIGADEV | −0.0023% | 1h | 60.014 | −8.696% | $1.3M | $990K | 10x | as long as short |
| Gate GIGADEV_USDTlong | 0.0000% | 8h | 65.730 | long leg | $163K | $32K | 20x | |
| HTX GIGADEV-USDT | 0.0000% | 4h | 65.720 | −0.015% | $5K | $40K | 10x | as long as short |
edgeX GIGADEVUSDC
KuCoin GIGADEVUSDTM
tradeXYZ xyz:GIGADEV
HTX GIGADEV-USDT