Funding you earn now, next payment 16:00 UTC−0.0200%/8h= −21.9% APRnext payment −$2.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bitget against Gate−1.245%7-day average −0.650% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now −1.245%, 7d avg −0.650%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.595% cheaper against Gate than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of −0.650%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 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 MINIMAXHKD_USDT | 289.06 | 0.0200 | pay 0.0200% / 8h | 7h 38m | $235K | $7K | 20x |
| Short | Bitget MINIMAXHKDUSDT | 285.46 | 0 | get 0.0000% / 8h | 7h 38m | $263K | $800K | 20x |
Gate MINIMAXHKD_USDT
Bitget MINIMAXHKDUSDTFunding 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
- −$42
- Price spread: −1.245% → −0.650%
- −$59.49
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$128.49
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 53 min ago; Bitget: 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 Gate live order book, 53 min ago | 87.78 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 57 min ago | 14.32 bp | 47.0 bp −$47 | 60.6 bp −$606 | 193.9 bp −$19.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXHKDUSDTshort | 0.0000% | 8h | 285.46 | −1.245% | $263K | $800K | 20x | |
| Gate MINIMAXHKD_USDTlong | +0.0200% | 8h | 289.06 | long leg | $235K | $7K | 20x |