Funding you earn now, next payment 04:00 UTC+0.0500%/8h= +54.8% APRnext payment +$2.50 per $10,000 · paid last 24h +0.010%
Price spread now: Gate against BingX−0.426%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days+0.460%+$46 on $10k
+Price spread, last 7 days+0.491%+$49 · spread now −0.426%, 7d avg −0.198%
=Funding pays, the price is against you. Gate is 0.228% cheaper against BingX than usual: you would sell low and buy high (spread −0.426% now, against its 7-day average of −0.198%). If the spread goes back, that is −$23 on $10k: about 36 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.460% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTW-USDT | 0.8058 | 0.1064 | pay 0.0532% / 4h | 3h 58m | — | $4.4M | — |
| Short | Gate BTW_USDT | 0.8024 | 0.1564 | get 0.0782% / 4h | 3h 58m | $3.4M | $15.8M | 10x |
BingX BTW-USDT
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- $105
- Price spread: −0.426% → −0.198%
- −$22.78
- Slippage, 4 orders
- −$108.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$51.56
- Costs to cover
- 1.338%
- Break-even
- 10.4 days
Slippage from BingX: live order book, 11 min ago; Gate: live order book, 6 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 BingX live order book, 11 min ago | 0.62 bp | 20.5 bp −$20 | 119.3 bp −$1,193 | 670.1 bp −$67.0K | doesn't fit |
| Sell Gate live order book, 6 min ago | 11.68 bp | 42.2 bp −$42 | 74.3 bp −$743 | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8058 | +0.003% | $200K | $741K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0956% | 4h | 0.8051 | −0.081% | $7.3M | $4.8M | 10x | as long as short |
| Aster BTWUSDT | +0.1053% | 4h | 0.8038 | −0.244% | $2.2M | $2.9M | 5x | as long as short |
| BingX BTW-USDTlong | +0.1064% | 4h | 0.8058 | long leg | — | $4.4M | — | |
| Binance BTWUSDT | +0.1080% | 4h | 0.8046 | −0.143% | $112.1M | $167.6M | 10x | as long as short |
| Extended BTW-USD | +0.1080% | 1h | 0.8029 | −0.366% | $38K | $11K | 5x | as long as short |
| MEXC BTW_USDT | +0.1088% | 4h | 0.8045 | −0.161% | $9.7M | $6.1M | 20x | as long as short |
| Bitget BTWUSDT | +0.1096% | 4h | 0.8055 | −0.040% | $25.5M | $13.4M | 5x | as long as short |
| edgeX BTWUSDC | +0.1115% | 4h | 0.8045 | −0.159% | $332K | $501K | 10x | as long as short |
| Bybit BTWUSDT | +0.1227% | 4h | 0.8044 | −0.170% | $15.7M | $38.4M | 10x | as long as short |
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Binance BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
Bitget BTWUSDT
edgeX BTWUSDC
Bybit BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDTshort | +0.1564% | 4h | 0.8024 | −0.426% | $3.4M | $15.8M | 10x |