Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.036%
Price spread now: Gate against Binance−0.020%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$500as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4914.905% of the position
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 2 days (all we have)+0.182%+$18 · spread now −0.020%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.029% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SNOWUSDT | 341.71 | 0 | get 0.0000% / 8h | 7h 14m | $737K | $796K | 25x |
| Short | Gate SNOW_USDT | 341.64 | 0 | get 0.0000% / 8h | 7h 14m | $102K | $231K | 20x |
Binance SNOWUSDT
Gate SNOW_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
- $0
- Price spread: −0.020% → +0.008%
- −$2.85
- Slippage, 4 orders
- −$465.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$493.39
- Costs to cover
- 4.905%
- Break-even
- never at this rate
Slippage from Binance: live order book, 48 min ago; Gate: live order book, 12 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, 48 min ago | 6.32 bp | 48.8 bp −$49 | 108.3 bp −$1,083 | doesn't fit | doesn't fit |
| Sell Gate live order book, 12 min ago | 10.84 bp | 209.8 bp −$210 | doesn't fit | doesn't fit | doesn't fit |
SNOW 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNOW/USDC PERP | −0.0220% | 1h | 337.91 | −1.112% | $7K | $93 | 12x | as long as short |
| Binance SNOWUSDTlong | 0.0000% | 8h | 341.71 | long leg | $737K | $796K | 25x | |
| Bybit SNOWUSDT | 0.0000% | 8h | 341.85 | +0.041% | $720K | $233K | 25x | as long as short |
| OKX SNOW-USDT-SWAP | 0.0000% | 8h | 342.00 | +0.085% | $329K | $174K | 20x | as long as short |
| Gate SNOW_USDTshort | 0.0000% | 8h | 341.64 | −0.020% | $102K | $231K | 20x | |
| Bitget SNOWUSDT | 0.0000% | 8h | 341.47 | −0.070% | $293K | $190K | 20x | as long as short |
| Variational Omni SNOW | 0.0000% | 8h | 341.14 | −0.167% | $59K | $60K | — | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 342.36 | +0.190% | $8K | $40K | 10x | as long as short |
Injective SNOW/USDC PERP
Bybit SNOWUSDT
OKX SNOW-USDT-SWAP
Bitget SNOWUSDT
Variational Omni SNOW
HTX SNOW-USDT