Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.005%
Price spread now: Gate against BingX0.000%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$800as in the Funding arb table
Net, price: spread back to 7d avg − costs−$790as in the Price arb table
costs, in and out, $10k−$7977.967% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now 0.000%, 7d avg −0.070%
=The price spread pays, funding is against you. Gate is 0.070% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.070%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.035% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX DEEP-USDT | 0.01971 | 0.0200 | pay 0.0100% / 4h | 2h 33m | — | $6.6M | — |
| Short | Gate DEEP_USDT | 0.01971 | 0.0100 | get 0.0050% / 4h | 2h 33m | $304K | $96K | 50x |
BingX DEEP-USDT
Gate DEEP_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
- −$21
- Price spread: 0.000% → −0.070%
- $6.95
- Slippage, 4 orders
- −$771.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$810.76
- Costs to cover
- 7.967%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Gate: live order book, 51 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, 9 min ago | 7.64 bp | 27.8 bp −$28 | 80.8 bp −$808 | 570.8 bp −$57.1K | 1149.4 bp −$574.7K |
| Sell Gate live order book, 51 min ago | 10.11 bp | 433.4 bp −$433 | doesn't fit | doesn't fit | doesn't fit |
DEEP on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin DEEP-USDT | +0.0079% | 8h | 0.01967 | −0.203% | $138K | $34K | 50x | as long as short |
| Binance DEEPUSDT | +0.0100% | 4h | 0.01971 | 0.000% | $2.0M | $6.0M | 50x | as long as short |
| Bybit DEEPUSDT | +0.0100% | 8h | 0.01965 | −0.304% | $4.2M | $2.6M | 50x | as long as short |
| Gate DEEP_USDTshort | +0.0100% | 4h | 0.01971 | 0.000% | $304K | $96K | 50x | |
| MEXC DEEP_USDT | +0.0100% | 4h | 0.01972 | +0.051% | $1.0M | $545K | 100x | as long as short |
| KuCoin DEEPUSDTM | +0.0100% | 4h | 0.01977 | +0.304% | $1.8M | $92K | 20x | as long as short |
| Bitget DEEPUSDT | +0.0100% | 4h | 0.01972 | +0.051% | $837K | $597K | 50x | as long as short |
| Variational Omni DEEP | +0.0100% | 8h | 0.01965 | −0.308% | $11K | $6K | — | as long as short |
| Extended DEEP-USD | +0.0104% | 1h | 0.01972 | +0.038% | $5K | $221K | 5x | as long as short |
| Bluefin DEEP-PERP | +0.0110% | 1h | 0.01974 | +0.152% | $80K | $15K | 20x | as long as short |
BloFin DEEP-USDT
Binance DEEPUSDT
Bybit DEEPUSDT
MEXC DEEP_USDT
KuCoin DEEPUSDTM
Bitget DEEPUSDT
Variational Omni DEEP
Extended DEEP-USD
Bluefin DEEP-PERPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX DEEP-USDTlong | +0.0200% | 4h | 0.01971 | long leg | — | $6.6M | — | |
| Kraken Futures PF_DEEPUSD | +1.2317% | 1h | 0.01974 | +0.175% | $8K | $7K | 10x | as long as short |
Kraken Futures PF_DEEPUSD