Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 33.110 | +0.0296 | pay 0.0296% / 8h | 59m 54s | $1.3M | $10.7M | 20x | Long Binance | |
| SHORT | 33.231 | −0.2314 | pay 0.2314% / 8h | 59m 54s | $3.5M | $5.4M | 20x | Short Bitget |
Price gap+0.365%
Funding gap−0.2610% /8h
The gap pays +$19 on $10k if it goes back to its 7d average, but funding costs $78 a day and eats that in about 6 hours. At the last 7 days' pace that is about 4.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.2610% /8h now · paid −0.162% over the last 4 days (all we have)
Price+$19spread +0.365% now, avg +0.179% → +0.186% if it goes back
Costs−$960.956% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 4 days it paid −0.162% in total, about −0.0149%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.365%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNKE on 8 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size20.7 / 27.1 bpAt $10k entering Bitget costs 27.1 bp, fee and slippage, 1.3× Binance’s.
- Note: Margin at max leverage$500 + $500Binance 20x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$78.31Long Binance: 3 payments, −$8.89; short Bitget: 3 payments, −$69.42.
- OK: Entry gap works for you+0.365% vs +0.179%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$1.3M vs $3.5M OIBoth legs are deep; Binance is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · Bitget YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0149%/8h × 21 periods−$31.21
Price spread+0.365% → +0.179% (7d avg)+$18.60
Slippage, 4 orderslive order books−$75.62
Fee Binance bp × 2 orders−$8.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$108.22
Costs to cover0.956%Break-evennever at this rate
Slippage: Binance: live order book, 14 min ago; Bitget: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance2.9920.7 bp−$2184.5 bp−$845doesn’t fitdoesn’t fit
SELL · SHORTBitget10.5927.1 bp−$2791.0 bp−$910378.7 bp−$37.9Kdoesn’t fit
Closing costs about the same again.
| 10-02 09:59 | OKX | Listing | new market NKE-USDT-SWAP ($NKE) seen by our collector |
| 10-01 20:36 | Kalshi | Other | BREAKING: Nike falls over 5% — now down 81% from its peak and trading at its lowest since 2014 @Kalshi on X ↗ |
| 09-29 10:05 | Binance | Listing | new market NKEUSDT ($NKE) seen by our collector |
| 09-28 19:52 | gTrade (Gains Network) | Listing | NKE/USD no longer reported ($NKE) seen by our collector |
| 09-28 16:00 | Binance | Other | The show runs 24/7. 🍿 📌 Tue: JOLTS, an early look at labor demand 📌 Fri: NFP & Unemployment, the big one for rate expectations 📌 Earnings: Micron (AI/chips), Nike (consumer), Accenture (tech services), Carnival (travel) & more This week on Binance. 👉 @binance on X ↗ |
| 09-28 03:30 | Gate | Other | What could move US stocks this week? PCE inflation and the September jobs report return to focus, while Micron earnings will test whether AI infrastructure demand remains strong. • Sep. 29: US JOLTS job openings • Sep. 30: US PCE inflation + Micron earnings • Oct. 1: Accenture + Nike earnings • Oct. 2: US September jobs report Can AI stocks stay strong if Treasury yields rise again, and will consumer demand remain resilient? Read the full outlook: @Gate on X ↗ |


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