Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,035.1 | 0 | 0.0000% / 4h | 16m 16s | $1.3M | $213K | 100x | Long Gate | |
| SHORT | 1,033.2 | −0.0331 | pay 0.0041% / 1h | 16m 16s | $2.0M | $601K | 20x | Short tradeXYZ |
Price gap−0.187%
Funding gap−0.0331% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 12 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6−0.0331% /8h now · paid +0.060% over the last 7D
Price+$5spread −0.187% now, avg −0.239% → +0.052% if it goes back
Costs−$670.672% 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 +0.060% in total, about +0.0029%/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−0.187%
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
/8hXPD on 18 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size27.7 / 6.6 bpAt $10k entering Gate costs 27.7 bp, fee and slippage, 4.2× tradeXYZ’s.
- Note: Margin at max leverage$100 + $500Gate 100x, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$9.93Long Gate: 6 payments, $0.00; short tradeXYZ: 24 payments, −$9.93.
- OK: Entry gap works for you−0.187% vs −0.239%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Long leg is thinner$1.3M vs $2.0M OIBoth legs are deep; Gate is the smaller one.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCGate Yes · tradeXYZ 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+0.0029%/8h × 21 periods+$6.05
Price spread−0.187% → −0.239% (7d avg)+$5.17
Slippage, 4 orderslive order books−$50.41
Fee Gate bp × 2 orders−$15.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$56.00
Costs to cover0.672%Break-even71.8 days
Slippage: Gate: live order book, 2 min ago; tradeXYZ: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate0.4427.7 bp−$28136.8 bp−$1,368doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ5.336.6 bp−$722.9 bp−$229doesn’t fitdoesn’t fit
Closing costs about the same again.
Kalshi