Funding you earn now, next payment 08:00 UTC+0.1781%/8h= +195.0% APRnext payment +$17.81 per $10,000 · paid last 24h −0.017%
Price spread now: Gate against Binance−0.021%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$640as in the Funding arb table
Net, price: spread back to 7d avg − costs−$632as in the Price arb table
costs, in and out, $10k−$6366.362% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 2 days (all we have)−0.004%$0 · spread now −0.021%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and Gate is 0.040% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.81 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 | Binance SHOPUSDT | 140.39 | 0 | get 0.0000% / 8h | 4h 24m | $394K | $870K | 20x |
| Short | Gate SHOP_USDT | 140.36 | 0.1781 | get 0.1781% / 8h | 4h 24m | $270K | $62K | 20x |
Binance SHOPUSDT
Gate SHOP_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
- $374.01
- Price spread: −0.021% → −0.062%
- $4.03
- Slippage, 4 orders
- −$611.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$258.13
- Costs to cover
- 6.362%
- Break-even
- 11.8 days
Slippage from Binance: live order book, 37 min ago; Gate: live order book, 27 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, 37 min ago | 6.39 bp | 46.6 bp −$47 | 93.9 bp −$939 | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 29.92 bp | 286.7 bp −$287 | doesn't fit | doesn't fit | doesn't fit |
SHOP 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHOPUSDC | −0.0758% | 4h | 140.42 | +0.022% | $18K | $223K | 10x | as long as short |
| Binance SHOPUSDTlong | 0.0000% | 8h | 140.39 | long leg | $394K | $870K | 20x | |
| Bybit SHOPUSDT | 0.0000% | 8h | 140.48 | +0.064% | $859K | $84K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 140.22 | −0.121% | $128K | $317K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.33 | −0.043% | $328K | $175K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 140.55 | +0.114% | $9K | $350K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −1.186% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDTshort | +0.1781% | 8h | 140.36 | −0.021% | $270K | $62K | 20x |
edgeX SHOPUSDC
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD