Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,030.9 | −0.0310 | get 0.0039% / 1h | 7m 35s | $2.0M | $627K | 20x | Long tradeXYZ | |
| SHORT | 1,032.4 | 0 | 0.0000% / 4h | 7m 35s | $1.3M | $216K | 100x | Short Gate |
Price gap+0.140%
Funding gap+0.0310% /8h
Funding pays +$9 a day on $10k, but the gap is 0.099% under its 7d average: −$10 if it goes back, about 26 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6+0.0310% /8h now · paid −0.060% over the last 7D
Price−$10spread +0.140% now, avg +0.239% → −0.099% if it goes back
Costs−$620.617% 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 −0.060% 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+0.140%
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
1 ok · 4 to watch- Watch: Thin at this size3.9 / 25.6 bpAt $10k entering Gate costs 25.6 bp, fee and slippage, 6.6× tradeXYZ’s.
- Note: Margin at max leverage$500 + $100tradeXYZ 20x, Gate 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$9.30Long tradeXYZ: 24 payments, +$9.30; short Gate: 6 payments, $0.00.
- Watch: Gap narrower than usual+0.140% vs +0.239%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Short 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: KYCtradeXYZ 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−0.0029%/8h × 21 periods−$6.05
Price spread+0.140% → +0.239% (7d avg)−$9.90
Slippage, 4 orderslive order books−$44.86
Fee tradeXYZ bp × 2 orders−$1.80
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$77.60
Costs to cover0.617%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 1 min ago; Gate: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ2.423.9 bp−$415.9 bp−$159doesn’t fitdoesn’t fit
SELL · SHORTGate1.9425.6 bp−$26136.4 bp−$1,364doesn’t fitdoesn’t fit
Closing costs about the same again.
Kalshi