4

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.054%

Price spread now: BingX against Gate+0.493%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,084as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,031as in the Price arb table

costs, in and out, $10k−$2,07620.763% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.493%, 7d avg +0.042%

Together, before fees−0.542%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.451% dearer against Gate than usual: you sell high and buy low (spread +0.493% now, against its 7-day average of +0.042%): +$45 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 4_USDT	0.02232	0.0276	pay 0.0138% / 4h	2h 23m	$609K	$230K	20x
Short	BingX 4-USDT	0.02243	0.0238	get 0.0119% / 4h	2h 23m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now +0.493%Rate

Funding earned: −$7.98
Price spread: +0.493% → +0.042%: $45.07
Slippage, 4 orders: −$2,051.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2,039.16
Costs to cover: 20.763%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; BingX: live order book, 3 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 Gate live order book, 62 min ago	12.36 bp	850.0 bp −$850	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	30.29 bp	54.1 bp −$54	115.4 bp −$1,154	doesn't fit	doesn't fit

4 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
Bybit 4USDT	+0.0100%	4h	0.02239	+0.318%	$3.0M	$1.6M	5x	as long as short
Variational Omni 4	+0.0100%	4h	0.02241	+0.411%	$54K	$9K	—	as long as short
SunX 4-USDT	+0.0100%	4h	0.02241	+0.394%	$2K	$960K	20x	as long as short
MEXC 4_USDT	+0.0238%	4h	0.02242	+0.439%	$2.1M	$810K	100x	as long as short
BingX 4-USDTshort	+0.0238%	4h	0.02243	+0.493%	—	$1.4M	—
Binance 4USDT	+0.0241%	4h	0.02242	+0.439%	$8.7M	$10.3M	20x	as long as short
Gate 4_USDTlong	+0.0276%	4h	0.02232	long leg	$609K	$230K	20x
Aster 4USDT	+0.0363%	4h	0.02242	+0.452%	$255K	$92K	5x	as long as short
KuCoin 4USDTM	+0.0454%	4h	0.02239	+0.305%	$937K	$13.2M	20x	as long as short