Funding you earn now, next payment 08:00 UTC−0.0381%/8h= −41.7% APRnext payment −$3.81 per $10,000 · paid last 24h +0.009%
Price spread now: Gate against Bitget+0.717%7-day average +0.646% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+1.133%+$113 · spread now +0.717%, 7d avg +0.646%
=The price spread pays, funding is against you. Gate is 0.070% dearer against Bitget than usual: you sell high and buy low (spread +0.717% now, against its 7-day average of +0.646%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.81 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 | Bitget MINIMAXHKDUSDT | 301.34 | 0.0581 | pay 0.0581% / 8h | 6h 04m | $485K | $662K | 20x |
| Short | Gate MINIMAXHKD_USDT | 303.50 | 0.0200 | get 0.0200% / 8h | 6h 04m | $245K | $6K | 20x |
Bitget MINIMAXHKDUSDT
Gate MINIMAXHKD_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
- −$80.01
- Price spread: +0.717% → +0.646%
- $7.04
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$99.97
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 61 min ago; Gate: live order book, 57 min ago. Net counts fees only.
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, 61 min ago | 18.50 bp | 25.7 bp −$26 | 32.0 bp −$320 | 111.7 bp −$11.2K | doesn't fit |
| Sell Gate live order book, 57 min ago | 126.42 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
MINIMAXHKD on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAXHKD_USDTshort | +0.0200% | 8h | 303.50 | +0.717% | $245K | $6K | 20x | |
| Bitget MINIMAXHKDUSDTlong | +0.0581% | 8h | 301.34 | long leg | $485K | $662K | 20x |