Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.372 | +0.0772 | pay 0.0096% / 1h | 55m 48s | $198K | $35K | 10x | Long Entropy | |
| SHORT | 49.590 | 0 | 0.0000% / 8h | 4h 55m | $2.9M | $346K | 25x | Short Gate |
Price gap+0.442%
Funding gap−0.0772% /8h
The gap pays +$43 on $10k if it goes back to its 7d average, but funding costs $23 a day and eats that in about 44 hours. At the last 7 days' pace that is about 8.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34−0.0772% /8h now · paid −0.338% over the last 7D
Price+$43spread +0.442% now, avg +0.015% → +0.426% if it goes back
Costs−$3803.796% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.338% in total, about −0.0161%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.442%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTENCENT on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size8.5 / 152.6 bpAt $10k entering Gate costs 152.6 bp, fee and slippage, 18.0× Entropy’s.
- Note: Margin at max leverage$1,000 + $400Entropy 10x, Gate 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$23.16Long Entropy: 24 payments, −$23.16; short Gate: 3 payments, $0.00.
- OK: Entry gap works for you+0.442% vs +0.015%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$198K vs $2.9M OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0161%/8h × 21 periods−$33.85
Price spread+0.442% → +0.015% (7d avg)+$42.63
Slippage, 4 orderslive order books−$362.82
Fee Entropy bp × 2 orders−$1.80
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$370.84
Costs to cover3.796%Break-evennever at this rate
Slippage: Entropy: live order book, 13 min ago; Gate: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy3.158.5 bp−$8doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGate5.04152.6 bp−$153doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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