Settings8H · net · $10k
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONGGateOURA_USDT52.4900get 0.0000% / 8h5h 22m$598K$390K10xLong Gate
SHORTBinanceOURAUSDT51.450+0.0050get 0.0050% / 8h5h 22m$811K$3.4M20xShort Binance
Price gap−1.981%
Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 1.367% under its 7d average: −$137 if it goes back, about 3 months of funding.

Funding you earn now+0.0050% /8hpaid last 24h +0.015% · next 16:00 UTC
Price spread now−1.981%7d average −0.614% · you buy dearer than you sell
Net 7d · $10kPaid 7d +$21d − costs $580 · under 7 days of funding history
Net, price · $10k−$717spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$5805.802% of a $10k position

Funding, last

1 day, all we have
+0.020%+$2 on $10k
Price spread, last 1 day of 7D (all we have)+2.694%+$269 · now −1.981%, avg −0.614%
Together, before fees+2.714%+$271no pointsWith fees, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h
Highest
Lowest
Paid you

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Binance price against Gatenow
RANGE STATS · 7D
Now−1.981%
Average
Range
Wider than now

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OURA on 12 exchanges

lowest funding first
ExchangeFunding /8hEveryPricevs long legOIVol 24hLevKYCUse as
LighterOURA−0.0216% · 1h1h52.395−0.181%$110K$197K5xNo52.395 · −0.181% · OI $110K · 5x · KYC Nolongshort
QFEXOURA-USD−0.0014% · 1h1h51.450−1.981%$1.1M$566K10xNo51.450 · −1.981% · OI $1.1M · 10x · KYC Nolongshort
OKXOURA-USDT-SWAP0.0000% · 8h8h51.401−2.075%$132K$1.1M20xYes51.401 · −2.075% · OI $132K · 20x · KYC Yeslongshort
GateOURA_USDT0.0000% · 8h8h52.490long leg$598K$390K10xYes52.490 · long leg · OI $598K · 10x · KYC YesLONG
BitgetOURAUSDT0.0000% · 8h8h51.252−2.359%$1.6M$10.0M20xYes51.252 · −2.359% · OI $1.6M · 20x · KYC Yeslongshort
SunXOURA-USDT0.0000% · 8h8h51.210−2.439%$2.2M10xNo51.210 · −2.439% · OI · 10x · KYC Nolongshort
HTXOURA-USDT0.0000% · 8h8h51.580−1.734%$12K$393K10xLimited51.580 · −1.734% · OI $12K · 10x · KYC Limitedlongshort
tradeXYZxyz:OURA0.0000% · 1h1h51.309−2.250%$226K$1.0M5xNo51.309 · −2.250% · OI $226K · 5x · KYC Nolongshort
BloFinOURA-USDT+0.0034% · 8h8h51.370−2.134%$47K$26K20xLimited51.370 · −2.134% · OI $47K · 20x · KYC Limitedlongshort
AsterOURAUSD1+0.0050% · 8h8h51.146−2.560%$101K$73K20xNo51.146 · −2.560% · OI $101K · 20x · KYC Nolongshort
BinanceOURAUSDT+0.0050% · 8h8h51.450−1.981%$811K$3.4M20xYes51.450 · −1.981% · OI $811K · 20x · KYC YesSHORT
KuCoinOURAUSDTM+0.0050% · 8h8h51.760−1.391%$15K$3.3M20xYes51.760 · −1.391% · OI $15K · 20x · KYC Yeslongshort

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size408.9 / 37.4 bp
    At $10k Gate’s book costs 408.9 bp to enter, 10.9× Binance’s.
  • Note: Margin at max leverage$1,000 + $500
    Gate 10x, Binance 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$1.50Long Gate: 3 payments, $0.00; short Binance: 3 payments, +$1.50.
  • Watch: Gap narrower than usual−1.981% vs −0.614%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$598K vs $811K OI
    Gate sets your exit cost. Check its book before closing.
  • Note: No points program
    Neither exchange runs points right now.
  • Watch: KYCGate Yes · Binance Yes
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0046%/8h × 21 periods+$9.70
Price spread−1.981% → −0.614% (7d avg)−$136.70
Slippage, 4 orderslive order books−$555.22
Fee Gate bp × 2 orders−$15.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$707.22
Costs to cover5.802%Break-even517.2 days
Slippage: Gate: live order book, 11 min ago; Binance: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGate27.70408.9 bp−$409doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.8937.4 bp−$37128.3 bp−$1,283doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

Measured