Funding you earn now, next payment 08:00 UTC+0.0781%/8h= +85.5% APRnext payment +$7.81 per $10,000 · paid last 24h +0.026%
Price spread now: Binance against Gate+0.234%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.386%+$39 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Binance is 0.234% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.386% in total (about 20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.81 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 | Gate TMF_USDT | 29.950 | 0 | get 0.0000% / 8h | 6h 28m | $52K | $6K | 20x |
| Short | Binance TMFUSDT | 30.020 | 0.0781 | get 0.0781% / 8h | 6h 28m | $1.3M | $346K | 25x |
Gate TMF_USDT
Binance TMFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $163.94
- Price spread: +0.234% → 0.000%
- $23.37
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $162.31
- Costs to cover
- 0.250%
- Break-even
- 0.1 days
Slippage unknown: Gate: no order-book sample; Binance: live order book, 4 min ago. 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 Gate no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 6.66 bp | 36.3 bp −$36 | 124.9 bp −$1,249 | doesn't fit | doesn't fit |
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.
TMF on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TMFUSDC | −0.0753% | 4h | 30.007 | +0.191% | $13K | $284K | 10x | as long as short |
| Bybit TMFUSDT | 0.0000% | 8h | 29.990 | +0.134% | $174K | $38K | 25x | as long as short |
| Gate TMF_USDTlong | 0.0000% | 8h | 29.950 | long leg | $52K | $6K | 20x | |
| Bitget TMFUSDT | 0.0000% | 8h | 30.006 | +0.187% | $199K | $50K | 20x | as long as short |
| HTX TMF-USDT | 0.0000% | 8h | 30.010 | +0.200% | $9K | $256K | 10x | as long as short |
| OKX TMF-USDT-SWAP | +0.0472% | 8h | 30.000 | +0.167% | $147K | $130K | 20x | as long as short |
| Variational Omni TMF | +0.0724% | 8h | 30.010 | +0.201% | $27K | $2K | — | as long as short |
| MEXC TMF_USDT | +0.0778% | 8h | 29.930 | −0.067% | $652K | $88K | 20x | as long as short |
| Binance TMFUSDTshort | +0.0781% | 8h | 30.020 | +0.234% | $1.3M | $346K | 25x |
edgeX TMFUSDC
Bybit TMFUSDT
Bitget TMFUSDT
HTX TMF-USDT
OKX TMF-USDT-SWAP
Variational Omni TMF
MEXC TMF_USDT