Funding you earn now, next payment 08:00 UTC+0.1039%/8h= +113.8% APRnext payment +$10.39 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.115%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$705as in the Funding arb table
Net, price: spread back to 7d avg − costs−$720as in the Price arb table
costs, in and out, $10k−$7037.028% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.115%, 7d avg +0.056%
=Funding pays, the price is against you. Gate is 0.171% cheaper against Bitget than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.056%). If the spread goes back, that is −$17 on $10k: about 13 hours of funding at the current rate (+$31 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.39 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 | Bitget SHOPUSDT | 139.67 | 0 | get 0.0000% / 8h | 3h 10m | $317K | $180K | 20x |
| Short | Gate SHOP_USDT | 139.51 | 0.1039 | get 0.1039% / 8h | 3h 10m | $269K | $62K | 20x |
Bitget SHOPUSDT
Gate SHOP_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
- $218.19
- Price spread: −0.115% → +0.056%
- −$17.09
- Slippage, 4 orders
- −$675.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$501.68
- Costs to cover
- 7.028%
- Break-even
- 23.1 days
Slippage from Bitget: live order book, 34 min ago; Gate: live order book, 36 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 Bitget live order book, 34 min ago | 3.57 bp | 98.2 bp −$98 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 30.10 bp | 230.1 bp −$230 | 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 | −0.0961% | 4h | 139.66 | −0.011% | $18K | $224K | 10x | as long as short |
| Binance SHOPUSDT | 0.0000% | 8h | 139.64 | −0.018% | $389K | $874K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.71 | +0.029% | $852K | $92K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 139.60 | −0.050% | $125K | $321K | 20x | as long as short |
| Bitget SHOPUSDTlong | 0.0000% | 8h | 139.67 | long leg | $317K | $180K | 20x | |
| HTX SHOP-USDT | +0.0100% | 8h | 139.59 | −0.057% | $9K | $349K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −0.677% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDTshort | +0.1039% | 8h | 139.51 | −0.115% | $269K | $62K | 20x |
edgeX SHOPUSDC
Binance SHOPUSDT
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
HTX SHOP-USDT
Extended SHOP-USD