Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 438.22 | +0.0166 | pay 0.0166% / 8h | 7m 47s | $447K | $2.5M | 20x | Long Bitget | |
| SHORT | 443.95 | 0 | 0.0000% / 8h | 7m 47s | $236K | $28K | 20x | Short Gate |
Price gap+1.306%
Funding gap−0.0166% /8h
The gap pays +$68 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 14 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7−0.0166% /8h now · paid +0.067% over the last 7D
Price+$68spread +1.306% now, avg +0.626% → +0.681% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$75+0.75%no pointscosts unknown: book too thin at $10k ·
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+1.306%
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
/8hZHIPUHKD on 2 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Gate’s order book right now.
- Note: Margin at max leverage$500 + $500Bitget 20x, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.98Long Bitget: 3 payments, −$4.98; short Gate: 3 payments, $0.00.
- OK: Entry gap works for you+1.306% vs +0.626%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$236K vs $447K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · Gate YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0032%/8h × 21 periods+$6.69
Price spread+1.306% → +0.626% (7d avg)+$68.08
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bitget bp × 2 orders−$12.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Bitget: live order book, 4 min ago; Gate: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget7.4229.2 bp−$2947.7 bp−$477doesn’t fitdoesn’t fit
SELL · SHORTGate33.34doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.