Funding you earn now, next payment 05:00 UTC−0.1377%/8h= −150.8% APRpaid last 24h −0.254%
Price spread now: Gate against tradeXYZ−0.566%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Gate is 0.566% cheaper against tradeXYZ than usual: you would sell low and buy high (−$57 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SOFTBANK | 41.525 | 0.1377 | pay 0.0172% / 1h | 41m 34s | $1.7M | $513K | 10x |
| Short | Gate SOFTBANK_USDT | 41.290 | 0 | get 0.0000% / 8h | 3h 41m | $5K | $754 | 20x |
tradeXYZ xyz:SOFTBANK
Gate SOFTBANK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against tradeXYZ. 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
- −$289.2
- Price spread: −0.566% → 0.000%
- −$56.59
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$378.79
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 6 min ago; Gate: no order-book sample. Net counts fees only.
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 tradeXYZ live order book, 6 min ago | 17.73 bp | 149.8 bp −$150 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SOFTBANK on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SOFTBANK-USDT-SWAP | −0.0217% | 8h | 41.300 | −0.542% | $84K | $215K | 10x | as long as short |
| Bitget SOFTBANKUSDT | −0.0118% | 8h | 41.072 | −1.091% | $2.1M | $1.6M | 20x | as long as short |
| Gate SOFTBANK_USDTshort | 0.0000% | 8h | 41.290 | −0.566% | $5K | $754 | 20x | |
| HTX SOFTBANK-USDT | 0.0000% | 1h | 41.525 | 0.000% | $6K | $380K | 20x | as long as short |
| tradeXYZ xyz:SOFTBANKlong | +0.1377% | 1h | 41.525 | long leg | $1.7M | $513K | 10x |
OKX SOFTBANK-USDT-SWAP
Bitget SOFTBANKUSDT
HTX SOFTBANK-USDT