Funding you earn now, next payment 08:00 UTC−0.0694%/8h= −76.0% APRnext payment −$6.94 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.050%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$674as in the Funding arb table
Net, price: spread back to 7d avg − costs−$676as in the Price arb table
costs, in and out, $10k−$6776.766% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.050%, 7d avg −0.054%
=The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.
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 −$6.94 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 | 140.27 | 0.0694 | pay 0.0694% / 8h | 1h 59m | $270K | $63K | 20x |
| Short | Bitget SHOPUSDT | 140.20 | 0 | get 0.0000% / 8h | 1h 59m | $327K | $185K | 20x |
Gate SHOP_USDT
Bitget SHOPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$145.74
- Price spread: −0.050% → −0.054%
- $0.45
- Slippage, 4 orders
- −$649.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$821.87
- Costs to cover
- 6.766%
- Break-even
- never at this rate
Slippage from Gate: live order book, 43 min ago; Bitget: live order book, 41 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, 43 min ago | 25.02 bp | 298.7 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 5.72 bp | 64.9 bp −$65 | 146.4 bp −$1,464 | 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 | −0.0415% | 4h | 140.31 | +0.028% | $18K | $226K | 10x | as long as short |
| Binance SHOPUSDT | 0.0000% | 8h | 140.41 | +0.100% | $388K | $909K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 140.40 | +0.093% | $856K | $93K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 140.50 | +0.164% | $124K | $331K | 20x | as long as short |
| Bitget SHOPUSDTshort | 0.0000% | 8h | 140.20 | −0.050% | $327K | $185K | 20x | |
| HTX SHOP-USDT | +0.0100% | 8h | 140.73 | +0.328% | $9K | $349K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −1.101% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDTlong | +0.0694% | 8h | 140.27 | long leg | $270K | $63K | 20x |
edgeX SHOPUSDC
Binance SHOPUSDT
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
HTX SHOP-USDT
Extended SHOP-USD