Funding you earn now, next payment 04:00 UTC−0.1688%/8h= −184.8% APRnext payment −$8.44 per $10,000 · paid last 24h −0.196%
Price spread now: Bitget against Gate−0.099%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1711.709% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 4 days (all we have)+0.465%+$47 · spread now −0.099%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Bitget is 0.050% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.239% in total (about -12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.44 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 | Gate B2_USDT | 0.5045 | 0.1972 | pay 0.0986% / 4h | 3h 59m | $916K | $436K | 20x |
| Short | Bitget B2USDT | 0.5040 | 0.0284 | get 0.0142% / 4h | 3h 59m | $2.8M | $938K | 50x |
Gate B2_USDT
Bitget B2USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$354.48
- Price spread: −0.099% → −0.049%
- −$4.98
- Slippage, 4 orders
- −$143.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$530.32
- Costs to cover
- 1.709%
- Break-even
- never at this rate
Slippage from Gate: live order book, 57 min ago; Bitget: 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, 57 min ago | 15.60 bp | 51.8 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 9.92 bp | 27.4 bp −$27 | 144.8 bp −$1,448 | doesn't fit | doesn't fit |
B2 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 B2USDT | +0.0100% | 4h | 0.5047 | +0.040% | $1.6M | $2.1M | 20x | as long as short |
| Bitget B2USDTshort | +0.0284% | 4h | 0.5040 | −0.099% | $2.8M | $938K | 50x | |
| Binance B2USDT | +0.0309% | 4h | 0.5045 | 0.000% | $8.2M | $10.1M | 50x | as long as short |
| MEXC B2_USDT | +0.0314% | 4h | 0.5046 | +0.020% | $560K | $392K | 100x | as long as short |
| BingX B2-USDT | +0.0330% | 4h | 0.5050 | +0.099% | — | $1.4M | — | as long as short |
| Variational Omni B2 | +0.0637% | 4h | 0.5046 | +0.022% | $14K | $2K | — | as long as short |
| Aster B2USDT | +0.0727% | 4h | 0.5035 | −0.198% | $158K | $171K | 5x | as long as short |
| KuCoin B2USDTM | +0.0870% | 4h | 0.5050 | +0.099% | $1.0M | $317K | 50x | as long as short |
| Gate B2_USDTlong | +0.1972% | 4h | 0.5045 | long leg | $916K | $436K | 20x |
Bybit B2USDT
Binance B2USDT
MEXC B2_USDT
BingX B2-USDT
Variational Omni B2
Aster B2USDT
KuCoin B2USDTM