Funding you earn now, next payment 08:00 UTC−0.1608%/8h= −176.1% APRnext payment −$16.08 per $10,000 · paid last 24h +0.017%
Price spread now: Binance against Gate+0.114%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$632as in the Funding arb table
Net, price: spread back to 7d avg − costs−$631as 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)−0.089%−$9 · spread now +0.114%, 7d avg +0.062%
=The price spread pays, funding is against you. Binance is 0.053% dearer against Gate than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.062%): +$5 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 3 hours.
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 −$16.08 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 | Gate SHOP_USDT | 139.91 | 0.1608 | pay 0.1608% / 8h | 3h 52m | $269K | $60K | 20x |
| Short | Binance SHOPUSDT | 140.07 | 0 | get 0.0000% / 8h | 3h 52m | $392K | $870K | 20x |
Gate SHOP_USDT
Binance SHOPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$337.68
- Price spread: +0.114% → +0.062%
- $5.27
- Slippage, 4 orders
- −$611.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$968.59
- Costs to cover
- 6.362%
- Break-even
- never at this rate
Slippage from Gate: live order book, 59 min ago; Binance: live order book, 69 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 Gate live order book, 59 min ago | 29.92 bp | 268.6 bp −$269 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 69 min ago | 6.39 bp | 34.3 bp −$34 | 110.5 bp −$1,105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SHOPUSDTshort | 0.0000% | 8h | 140.07 | +0.114% | $392K | $870K | 20x | |
| Bybit SHOPUSDT | 0.0000% | 8h | 140.14 | +0.164% | $859K | $87K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 139.94 | +0.021% | $126K | $321K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.13 | +0.157% | $326K | $175K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 140.18 | +0.193% | $9K | $350K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −0.847% | $263K | $6K | 10x | as long as short |
| edgeX SHOPUSDC | +0.0968% | 4h | 140.06 | +0.107% | $18K | $224K | 10x | as long as short |
| Gate SHOP_USDTlong | +0.1608% | 8h | 139.91 | long leg | $269K | $60K | 20x |
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD
edgeX SHOPUSDC