Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRnext payment +$2.54 per $10,000 · paid last 24h +0.020%
Price spread now: Gate against Bitget+0.022%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3403.397% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now +0.022%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.059% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 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 | Bitget SOXXUSDT | 556.08 | −0.0254 | get 0.0254% / 8h | 2h 16m | $2.6M | $714K | 20x |
| Short | Gate SOXX_USDT | 556.20 | 0 | get 0.0000% / 8h | 2h 16m | $1.1M | $404K | 20x |
Bitget SOXXUSDT
Gate SOXX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $53.34
- Price spread: +0.022% → −0.038%
- $5.95
- Slippage, 4 orders
- −$312.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$280.44
- Costs to cover
- 3.397%
- Break-even
- 43.8 days
Slippage from Bitget: live order book, 6 min ago; Gate: live order book, just now.
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 Bitget live order book, 6 min ago | 1.17 bp | 34.4 bp −$34 | 54.4 bp −$544 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 17.99 bp | 114.4 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
SOXX 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SOXX_USDT | −0.1760% | 8h | 556.41 | +0.059% | $2.7M | $142K | 50x | as long as short |
| Bitget SOXXUSDTlong | −0.0254% | 8h | 556.08 | long leg | $2.6M | $714K | 20x | |
| Bybit SOXXUSDT | 0.0000% | 8h | 554.15 | −0.347% | $511K | $594K | 25x | as long as short |
| Gate SOXX_USDTshort | 0.0000% | 8h | 556.20 | +0.022% | $1.1M | $404K | 20x | |
| HTX SOXX-USDT | 0.0000% | 8h | 552.37 | −0.667% | $7K | $40K | 10x | as long as short |
MEXC SOXX_USDT
Bybit SOXXUSDT
HTX SOXX-USDT