Funding you earn now, next payment 08:00 UTC+0.1176%/8h= +128.8% APRnext payment +$11.76 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against HTX−0.186%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,072as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,056as in the Price arb table
costs, in and out, $10k−$1,04910.489% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.186%, 7d avg −0.111%
=Funding pays, the price is against you. Gate is 0.075% cheaper against HTX than usual: you would sell low and buy high (spread −0.186% now, against its 7-day average of −0.111%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$35 a day). Mind the row above: over the last 7 days funding on this pair cost −0.233%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.233% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.76 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 | HTX SHOP-USDT | 139.60 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $9K | $349K | 10x |
| Short | Gate SHOP_USDT | 139.34 | 0.1276 | get 0.1276% / 8h | 3h 30m | $268K | $60K | 20x |
HTX SHOP-USDT
Gate SHOP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against HTX. 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
- $246.96
- Price spread: −0.186% → −0.111%
- −$7.51
- Slippage, 4 orders
- −$1,021.94
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$809.49
- Costs to cover
- 10.489%
- Break-even
- 29.9 days
Slippage from HTX: live order book, 22 min ago; Gate: live order book, 16 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 HTX live order book, 22 min ago | 26.35 bp | 235.6 bp −$236 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 16 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 | −0.0388% | 4h | 139.37 | −0.162% | $18K | $225K | 10x | as long as short |
| Binance SHOPUSDT | 0.0000% | 8h | 139.38 | −0.157% | $389K | $873K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.71 | +0.079% | $855K | $88K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 139.37 | −0.165% | $125K | $321K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 139.47 | −0.093% | $317K | $180K | 20x | as long as short |
| HTX SHOP-USDTlong | +0.0100% | 8h | 139.60 | long leg | $9K | $349K | 10x | |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −0.627% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDTshort | +0.1276% | 8h | 139.34 | −0.186% | $268K | $60K | 20x |
edgeX SHOPUSDC
Binance SHOPUSDT
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
Extended SHOP-USD