Funding you earn now, next payment 16:00 UTC+0.0281%/8h= +30.8% APRnext payment +$2.81 per $10,000 · paid last 24h +0.037%
Price spread now: Gate against Bitget+0.032%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1091.094% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.032%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.045% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.013%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.81 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 | Bitget WDCUSDT | 438.96 | −0.0281 | get 0.0281% / 8h | 7h 22m | $1.1M | $1.1M | 20x |
| Short | Gate WDC_USDT | 439.10 | 0 | get 0.0000% / 8h | 7h 22m | $1.9M | $2.4M | 50x |
Bitget WDCUSDT
Gate WDC_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
- $59.01
- Price spread: +0.032% → −0.013%
- $4.51
- Slippage, 4 orders
- −$82.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$45.88
- Costs to cover
- 1.094%
- Break-even
- 12.4 days
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 5 min ago.
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, 3 min ago | 2.96 bp | 34.6 bp −$35 | 61.5 bp −$615 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.28 bp | 16.2 bp −$16 | 93.2 bp −$932 | doesn't fit | doesn't fit |
WDC on 17 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 WDCUSDC | −0.0950% | 4h | 438.62 | −0.077% | $49K | $229K | 10x | as long as short |
| GRVT WDC_USDT_Perp | −0.0406% | 8h | 438.71 | −0.057% | $518 | $142K | 10x | as long as short |
| Bitget WDCUSDTlong | −0.0281% | 8h | 438.96 | long leg | $1.1M | $1.1M | 20x | |
| Aster WDCUSDT | 0.0000% | 8h | 439.59 | +0.144% | $10K | $136K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 439.08 | +0.026% | $7K | $192K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 439.19 | +0.052% | $7.2M | $26.1M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 439.27 | +0.071% | $1.9M | $723K | 25x | as long as short |
| OKX WDC-USDT-SWAP | 0.0000% | 8h | 439.23 | +0.062% | $2.0M | $4.5M | 20x | as long as short |
| Gate WDC_USDTshort | 0.0000% | 8h | 439.10 | +0.032% | $1.9M | $2.4M | 50x | |
| BloFin WDC-USDT | +0.0007% | 8h | 439.14 | +0.041% | $138K | $95K | 20x | as long as short |
edgeX WDCUSDC
GRVT WDC_USDT_Perp
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
OKX WDC-USDT-SWAP
BloFin WDC-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX WDC-USD | +0.0028% | 1h | 438.54 | −0.096% | $1.1M | $3.0M | 10x | as long as short |
| Lighter WDC | +0.0032% | 1h | 438.98 | +0.005% | — | — | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 438.92 | −0.009% | $2.3M | $2.1M | 10x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 438.96 | 0.000% | $9K | $2K | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 438.77 | −0.043% | $271K | $105K | 20x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 438.90 | −0.014% | — | $2.3M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 438.84 | −0.027% | $32K | $8K | 20x | as long as short |
QFEX WDC-USD
Lighter WDC
tradeXYZ xyz:WDC
Orderly PERP_WDC_USDC_mythos
KuCoin WDCUSDTM
SunX WDC-USDT
HTX WDC-USDT