Funding you earn now, next payment 00:00 UTC+0.1950%/8h= +213.6% APRnext payment +$9.75 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Gate−0.241%7-day average +0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1551.551% of the position
Funding, last 7 days−0.460%−$46 on $10k
+Price spread, last 7 days+0.366%+$37 · spread now −0.241%, 7d avg +0.197%
=Funding pays, the price is against you. BingX is 0.438% cheaper against Gate than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of +0.197%). If the spread goes back, that is −$44 on $10k: about 18 hours of funding at the current rate (+$59 a day). Mind the row above: over the last 7 days funding on this pair cost −0.460%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.460% in total (about -24.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.75 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 BTW_USDT | 0.8955 | 0.0374 | pay 0.0187% / 4h | 2h 22m | $3.9M | $15.2M | 10x |
| Short | BingX BTW-USDT | 0.8933 | 0.2324 | get 0.1162% / 4h | 2h 22m | — | $4.3M | — |
Gate BTW_USDT
BingX BTW-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $409.58
- Price spread: −0.241% → +0.197%
- −$43.81
- Slippage, 4 orders
- −$130.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $210.68
- Costs to cover
- 1.551%
- Break-even
- 3.4 days
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago | 11.64 bp | 52.2 bp −$52 | 172.2 bp −$1,722 | 381.9 bp −$38.2K | doesn't fit |
| Sell BingX live order book, 8 min ago | 5.00 bp | 18.1 bp −$18 | 108.0 bp −$1,080 | 677.0 bp −$67.7K | 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 | 0.8867 | −0.973% | $217K | $765K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0374% | 4h | 0.8955 | long leg | $3.9M | $15.2M | 10x | |
| KuCoin BTWUSDTM | +0.1370% | 4h | 0.8970 | +0.170% | $8.2M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1512% | 4h | 0.8942 | −0.135% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1618% | 4h | 0.8945 | −0.111% | $28.3M | $12.8M | 5x | as long as short |
| Extended BTW-USD | +0.1856% | 1h | 0.8929 | −0.289% | $43K | $13K | 5x | as long as short |
| MEXC BTW_USDT | +0.1858% | 4h | 0.8949 | −0.062% | $11.7M | $6.0M | 20x | as long as short |
| Binance BTWUSDT | +0.1868% | 4h | 0.8924 | −0.341% | $124.9M | $158.6M | 10x | as long as short |
| edgeX BTWUSDC | +0.1876% | 4h | 0.8945 | −0.106% | $369K | $491K | 10x | as long as short |
| BingX BTW-USDTshort | +0.2324% | 4h | 0.8933 | −0.241% | — | $4.3M | — |
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
Binance BTWUSDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2660% | 4h | 0.8930 | −0.273% | $16.9M | $35.8M | 10x | as long as short |
Bybit BTWUSDT