Funding you earn now, next payment 04:00 UTC+0.1564%/8h= +171.3% APRpaid last 24h +0.163%
Price spread now: BingX against Gate+0.215%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1501.499% of the position
Funding, last 7 days+0.339%+$34 on $10k
+Price spread, last 7 days−0.181%−$18 · spread now +0.215%, 7d avg +0.101%
=Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and BingX is 0.115% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.101%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.339% in total (about 17.7% a year). A funding rate is set anew for every payment. 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 M_USDT | 1.4388 | 0.0100 | pay 0.0100% / 8h | 7h 10m | $1.9M | $892K | 10x |
| Short | BingX M-USDT | 1.4419 | 0.1664 | get 0.0832% / 4h | 3h 10m | — | $2.4M | — |
Gate M_USDT
BingX M-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
- $328.44
- Price spread: +0.215% → +0.101%
- $11.47
- Slippage, 4 orders
- −$124.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $189.99
- Costs to cover
- 1.499%
- Break-even
- 3.0 days
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago | 1.74 bp | 63.7 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 7.99 bp | 26.4 bp −$26 | 59.1 bp −$591 | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4420 | +0.222% | $4.5M | $2.1M | 20x | as long as short |
| Gate M_USDTlong | +0.0100% | 8h | 1.4388 | long leg | $1.9M | $892K | 10x | |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4434 | +0.320% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4435 | +0.327% | $2K | $653K | 20x | as long as short |
| Variational Omni M | +0.0119% | 4h | 1.4407 | +0.133% | $90K | $43K | — | as long as short |
| Bitget MUSDT | +0.0290% | 4h | 1.4424 | +0.250% | $1.9M | $261K | 10x | as long as short |
| Aster MUSDT | +0.1393% | 4h | 1.4408 | +0.139% | $15K | $114K | 5x | as long as short |
| BingX M-USDTshort | +0.1664% | 4h | 1.4419 | +0.215% | — | $2.4M | — | |
| BloFin M-USDT | +0.1742% | 4h | 1.4413 | +0.174% | $353K | $428K | 10x | as long as short |
| MEXC M_USDT | +0.1784% | 4h | 1.4426 | +0.264% | $242K | $113K | 50x | as long as short |
Bybit MUSDT
Orderly PERP_M_USDC
SunX M-USDT
Variational Omni M
Bitget MUSDT
Aster MUSDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.1803% | 4h | 1.4421 | +0.229% | $5.6M | $4.2M | 10x | as long as short |
| KuCoin MUSDTM | +0.3616% | 4h | 1.4285 | −0.717% | $1.4M | $4.1M | 10x | as long as short |
Binance MUSDT
KuCoin MUSDTM