Funding you earn now, next payment 12:00 UTC−0.0478%/8h= −52.4% APRpaid last 24h −0.060%
Price spread now: Gate against Binance+0.137%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$523as in the Funding arb table
Net, price: spread back to 7d avg − costs−$470as in the Price arb table
costs, in and out, $10k−$4804.800% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.137%, 7d avg +0.036%
=The price spread pays, funding is against you. Gate is 0.101% dearer against Binance than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.036%): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.427% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POPMARTUSDT | 19.700 | 0.0478 | pay 0.0239% / 4h | 3h 45m | $1.4M | $398K | 25x |
| Short | Gate POPMART_USDT | 19.727 | 0 | get 0.0000% / 8h | 7h 45m | $292K | $9K | 20x |
Binance POPMARTUSDT
Gate POPMART_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$100.41
- Price spread: +0.137% → +0.036%
- $10.12
- Slippage, 4 orders
- −$455.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$570.34
- Costs to cover
- 4.800%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Gate: live order book, 46 min ago.
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 Binance live order book, 2 min ago | 2.54 bp | 20.3 bp −$20 | 84.1 bp −$841 | doesn't fit | doesn't fit |
| Sell Gate live order book, 46 min ago | 16.23 bp | 252.2 bp −$252 | doesn't fit | doesn't fit | doesn't fit |
POPMART on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX POPMARTUSDC | −0.0097% | 4h | 19.702 | +0.009% | $199K | $235K | 10x | as long as short |
| Bybit POPMARTUSDT | 0.0000% | 8h | 19.670 | −0.152% | $57K | $3K | 25x | as long as short |
| OKX POPMART-USDT-SWAP | 0.0000% | 8h | 19.680 | −0.102% | $273K | $94K | 20x | as long as short |
| Gate POPMART_USDTshort | 0.0000% | 8h | 19.727 | +0.137% | $292K | $9K | 20x | |
| Bitget POPMARTUSDT | 0.0000% | 8h | 19.674 | −0.132% | $476K | $88K | 20x | as long as short |
| HTX POPMART-USDT | 0.0000% | 4h | 19.820 | +0.609% | $7K | $5K | 10x | as long as short |
| Lighter POPMART | +0.0032% | 1h | 19.635 | −0.330% | — | — | 10x | as long as short |
| Aster POPMARTUSDT | +0.0035% | 8h | 19.677 | −0.119% | $16K | $4K | 20x | as long as short |
| KuCoin POPMARTUSDTM | +0.0420% | 4h | 19.720 | +0.102% | $30K | $49K | 20x | as long as short |
| Binance POPMARTUSDTlong | +0.0478% | 4h | 19.700 | long leg | $1.4M | $398K | 25x |
edgeX POPMARTUSDC
Bybit POPMARTUSDT
OKX POPMART-USDT-SWAP
Bitget POPMARTUSDT
HTX POPMART-USDT
Lighter POPMART
Aster POPMARTUSDT
KuCoin POPMARTUSDTM