Funding you earn now, next payment 00:00 UTC+0.0163%/8h= +17.8% APRnext payment +$1.63 per $10,000 · paid last 24h +0.239%
Price spread now: Gate against Bitget−0.064%7-day average +0.951% · you buy dearer than you sell
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$576as in the Price arb table
costs, in and out, $10k−$4744.742% of the position
Funding, last 7 days+0.322%+$32 on $10k
+Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.064%, 7d avg +0.951%
=Funding pays, the price is against you. Gate is 1.015% cheaper against Bitget than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.951%). If the spread goes back, that is −$102 on $10k: about 21 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MCDUSDT | 248.30 | 0.0561 | pay 0.0561% / 8h | 1h 54m | $2.5M | $483K | 20x |
| Short | Gate MCD_USDT | 248.14 | 0.0724 | get 0.0724% / 8h | 1h 54m | $758K | $131K | 25x |
Bitget MCDUSDT
Gate MCD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $34.23
- Price spread: −0.064% → +0.951%
- −$101.54
- Slippage, 4 orders
- −$447.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$541.55
- Costs to cover
- 4.742%
- Break-even
- 117.7 days
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 27 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 Bitget live order book, 3 min ago | 11.27 bp | 25.4 bp −$25 | 65.8 bp −$658 | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 58.37 bp | 275.4 bp −$275 | doesn't fit | doesn't fit | doesn't fit |
MCD on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MCDUSDTM | +0.0100% | 8h | 248.21 | −0.036% | $105K | $321K | 10x | as long as short |
| Bybit MCDUSDT | +0.0297% | 8h | 248.23 | −0.028% | $612K | $26.3M | 25x | as long as short |
| Bitget MCDUSDTlong | +0.0561% | 8h | 248.30 | long leg | $2.5M | $483K | 20x | |
| Gate MCD_USDTshort | +0.0724% | 8h | 248.14 | −0.064% | $758K | $131K | 25x |
KuCoin MCDUSDTM
Bybit MCDUSDT