Funding you earn now, next payment 00:00 UTC−0.0789%/8h= −86.4% APRnext payment −$3.94 per $10,000 · paid last 24h −0.079%
Price spread now: Gate against Binance+0.054%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.054%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Gate is 0.020% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.94 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 | Binance CVCUSDT | 0.02738 | −0.0039 | get 0.0020% / 4h | 1h 28m | $2.9M | $5.7M | 50x |
| Short | Gate CVC_USDT | 0.02739 | −0.0828 | pay 0.0414% / 4h | 1h 28m | $212K | $311K | 25x |
Binance CVCUSDT
Gate CVC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$165.66
- Price spread: +0.054% → +0.074%
- −$2
- Slippage, 4 orders
- −$70.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$263.4
- Costs to cover
- 0.957%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Gate: live order book, 52 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 Binance live order book, 10 min ago | 1.83 bp | 17.2 bp −$17 | 85.2 bp −$852 | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 7.28 bp | 29.5 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
CVC 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDTshort | −0.0828% | 4h | 0.02739 | +0.054% | $212K | $311K | 25x | |
| BingX CVC-USDT | −0.0218% | 4h | 0.02733 | −0.165% | — | $2.4M | — | as long as short |
| Bitget CVCUSDT | −0.0214% | 4h | 0.02738 | +0.018% | $466K | $479K | 50x | as long as short |
| Binance CVCUSDTlong | −0.0039% | 4h | 0.02738 | long leg | $2.9M | $5.7M | 50x | |
| MEXC CVC_USDT | −0.0038% | 4h | 0.02740 | +0.091% | $653K | $123K | 20x | as long as short |
| Variational Omni CVC | +0.0100% | 1h | 0.02713 | −0.890% | $1K | $370 | — | as long as short |
| Bybit CVCUSDT | +0.0100% | 1h | 0.02719 | −0.676% | $1.7M | $1.4M | 25x | as long as short |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02739 | +0.054% | $1.4M | $395K | 30x | as long as short |
BingX CVC-USDT
Bitget CVCUSDT
MEXC CVC_USDT
Variational Omni CVC
Bybit CVCUSDT
KuCoin CVCUSDTM