Funding you earn now, next payment 16:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.98 per $10,000 · paid last 24h +0.026%
Price spread now: Gate against Bitget+0.091%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.091% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PANWUSDT | 374.76 | 0 | get 0.0000% / 8h | 7h 39m | $175K | $338K | 20x |
| Short | Gate PANW_USDT | 375.10 | 0.0098 | get 0.0098% / 8h | 7h 39m | $67K | $5K | 20x |
Bitget PANWUSDT
Gate PANW_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
- $20.58
- Price spread: +0.091% → 0.000%
- $9.07
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $2.65
- Costs to cover
- 0.270%
- Break-even
- 6.1 days
Slippage unknown: Bitget: live order book, 51 min ago; Gate: no order-book sample. 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, 51 min ago | 5.87 bp | 40.9 bp −$41 | 73.4 bp −$734 | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PANW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDT | 0.0000% | 8h | 374.92 | +0.043% | $522K | $831K | 25x | as long as short |
| Bybit PANWUSDT | 0.0000% | 8h | 374.68 | −0.021% | $322K | $322K | 25x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 374.24 | −0.139% | $1.1M | $2.6M | 10x | as long as short |
| Bitget PANWUSDTlong | 0.0000% | 8h | 374.76 | long leg | $175K | $338K | 20x | |
| Gate PANW_USDTshort | +0.0098% | 8h | 375.10 | +0.091% | $67K | $5K | 20x | |
| SunX PANW-USDT | +0.0100% | 8h | 374.93 | +0.045% | $1K | $584K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 374.05 | −0.189% | $935 | $40K | 10x | as long as short |
| Injective PANW/USDC PERP | +0.0220% | 1h | 378.31 | +0.947% | $6K | $38K | 12x | as long as short |
Binance PANWUSDT
Bybit PANWUSDT
QFEX PANW-USD
SunX PANW-USDT
HTX PANW-USDT
Injective PANW/USDC PERP