ID

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0252%/8h= +27.6% APRnext payment +$1.26 per $10,000 · paid last 24h −0.037%

Price spread now: BingX against Gate−0.264%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1531.527% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.264%, 7d avg +0.010%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.274% cheaper against Gate than usual: you would sell low and buy high (spread −0.264% now, against its 7-day average of +0.010%). If the spread goes back, that is −$27 on $10k: about 3.6 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.058% in total) that is about 33 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.26 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 ID_USDT	0.03787	−0.0052	get 0.0026% / 4h	3h 01m	$254K	$230K	25x
Short	BingX ID-USDT	0.03777	0.0200	get 0.0100% / 4h	3h 01m	—	$2.3M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now −0.264%Rate

Funding earned: $52.92
Price spread: −0.264% → +0.010%: −$27.41
Slippage, 4 orders: −$127.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$127.17
Costs to cover: 1.527%
Break-even: 23.8 days

Slippage from Gate: live order book, 45 min ago; BingX: live order book, 2 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, 45 min ago	5.20 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	5.29 bp	23.2 bp −$23	49.9 bp −$499	351.9 bp −$35.2K	436.6 bp −$218.3K

ID 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
Gate ID_USDTlong	−0.0052%	4h	0.03787	long leg	$254K	$230K	25x
BloFin ID-USDT	+0.0090%	4h	0.03787	0.000%	$157K	$13K	50x	as long as short
Aster IDUSDT	+0.0100%	4h	0.03785	−0.064%	$9K	$2K	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03788	+0.026%	$2.4M	$3.8M	50x	as long as short
Bybit IDUSDT	+0.0100%	8h	0.03785	−0.053%	$1.5M	$1.1M	25x	as long as short
MEXC ID_USDT	+0.0100%	4h	0.03787	0.000%	$390K	$214K	20x	as long as short
KuCoin IDUSDTM	+0.0100%	4h	0.03782	−0.132%	$1.1M	$64K	30x	as long as short
Bitget IDUSDT	+0.0100%	4h	0.03789	+0.053%	$805K	$645K	50x	as long as short
Variational Omni ID	+0.0100%	8h	0.03790	+0.088%	$12K	$20K	—	as long as short
BingX ID-USDTshort	+0.0200%	4h	0.03777	−0.264%	—	$2.3M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_IDUSD	+0.0891%	1h	0.03779	−0.212%	$4K	$5K	10x	as long as short