Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.076%
Price spread now: Gate against BingX−0.212%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2282.277% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.212%, 7d avg −0.132%
=Funding pays, the price is against you. Gate is 0.081% cheaper against BingX than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of −0.132%). If the spread goes back, that is −$8 on $10k: about 9.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.240% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CP-USDT | 0.01413 | 0.0070 | pay 0.0035% / 4h | 1h 33m | — | $1.1M | — |
| Short | Gate CP_USDT | 0.01410 | 0.0100 | get 0.0050% / 4h | 1h 33m | $608K | $548K | 20x |
BingX CP-USDT
Gate CP_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
- $6.3
- Price spread: −0.212% → −0.132%
- −$8.08
- Slippage, 4 orders
- −$202.67
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$229.46
- Costs to cover
- 2.277%
- Break-even
- 262.0 days
Slippage from BingX: live order book, 1 min ago; Gate: live order book, 7 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, 1 min ago | 10.64 bp | 28.3 bp −$28 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
| Sell Gate live order book, 7 min ago | 7.09 bp | 80.4 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDTlong | +0.0070% | 4h | 0.01413 | long leg | — | $1.1M | — | |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01413 | 0.000% | $4.0M | $12.0M | 20x | as long as short |
| Gate CP_USDTshort | +0.0100% | 4h | 0.01410 | −0.212% | $608K | $548K | 20x | |
| MEXC CP_USDT | +0.0100% | 4h | 0.01411 | −0.142% | $1.6M | $393K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01415 | +0.142% | $205K | $907K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01411 | −0.120% | $798K | $1.7M | 20x | as long as short |
| BloFin CP-USDT | +0.0146% | 4h | 0.01408 | −0.354% | $431 | $43K | 20x | as long as short |
| Bybit CPUSDT | +0.1705% | 4h | 0.01413 | 0.000% | $1.7M | $3.2M | 20x | as long as short |
OKX CP-USDT-SWAP
MEXC CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT
BloFin CP-USDT
Bybit CPUSDT