Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.720 | 0 | 0.0000% / 8h | 4h 03m | $2.9M | $359K | 25x | Long Gate | |
| SHORT | 49.505 | +0.0524 | get 0.0066% / 1h | 3m 41s | $194K | $38K | 10x | Short Entropy |
Price gap−0.432%
Funding gap+0.0524% /8h
Funding pays +$16 a day on $10k, but the gap is 0.411% under its 7d average: −$41 if it goes back, about 2.6 days of funding. At the last 7 days' pace that is about 8.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$36+0.0524% /8h now · paid +0.358% over the last 7D
Price−$41spread −0.432% now, avg −0.021% → −0.411% if it goes back
Costs−$2492.490% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.358% in total, about +0.0171%/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−0.432%
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
0 ok · 5 to watch- Watch: Thin at this size50.1 / 21.7 bpAt $10k entering Gate costs 50.1 bp, fee and slippage, 2.3× Entropy’s.
- Note: Margin at max leverage$400 + $1,000Gate 25x, Entropy 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$15.73Long Gate: 3 payments, $0.00; short Entropy: 24 payments, +$15.73.
- Watch: Gap narrower than usual−0.432% vs −0.021%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$194K vs $2.9M OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · Entropy NoKYC 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+0.0171%/8h × 21 periods+$35.83
Price spread−0.432% → −0.021% (7d avg)−$41.11
Slippage, 4 orderslive order books−$232.18
Fee Gate bp × 2 orders−$15.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$254.25
Costs to cover2.490%Break-even56.7 days
Slippage: Gate: live order book, 4 min ago; Entropy: live order book, 66 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate7.0450.1 bp−$50doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTEntropy3.1521.7 bp−$22doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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