Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.198%
Price spread now: Bitget against Gate−0.249%7-day average −0.888% · you buy dearer than you sell
Net, funding: paid 7d − costs−$605as in the Funding arb table
Net, price: spread back to 7d avg − costs−$511as in the Price arb table
costs, in and out, $10k−$5755.752% of the position
Funding, last 7 days−0.301%−$30 on $10k
+Price spread, last 4 days (all we have)−0.378%−$38 · spread now −0.249%, 7d avg −0.888%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.639% dearer against Gate than usual: you sell high and buy low, +$64 on $10k if it goes back to its 7-day average of −0.888%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MCD_USDT | 249.26 | 0 | get 0.0000% / 8h | 2h 42m | $680K | $183K | 25x |
| Short | Bitget MCDUSDT | 248.64 | 0 | get 0.0000% / 8h | 2h 42m | $2.4M | $497K | 20x |
Gate MCD_USDT
Bitget MCDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.249% → −0.888%
- $63.91
- Slippage, 4 orders
- −$548.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$511.31
- Costs to cover
- 5.752%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 5 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, 4 min ago | 38.32 bp | 286.7 bp −$287 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.80 bp | 22.7 bp −$23 | 38.5 bp −$385 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MCDUSDT | 0.0000% | 8h | 248.80 | −0.185% | $590K | $9.5M | 25x | as long as short |
| Gate MCD_USDTlong | 0.0000% | 8h | 249.26 | long leg | $680K | $183K | 25x | |
| Bitget MCDUSDTshort | 0.0000% | 8h | 248.64 | −0.249% | $2.4M | $497K | 20x | |
| KuCoin MCDUSDTM | +0.0100% | 8h | 248.32 | −0.377% | $98K | $241K | 10x | as long as short |
Bybit MCDUSDT
KuCoin MCDUSDTM