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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.342%
Price spread now: BingX against Gate+0.353%7-day average +2.963% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$883as in the Price arb table
costs, in and out, $10k−$6226.223% of the position
Long on GateShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−6.596%−$660 on $10k
Price spread, last 7 days+0.759%+$76 · spread now +0.353%, 7d avg +2.963%
Together, before fees−5.837%−$584 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 2.610% cheaper against Gate than usual: you would sell low and buy high (spread +0.353% now, against its 7-day average of +2.963%). If the spread goes back, that is −$261 on $10k: about 29 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −6.596%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ONE_USDT0.003989−0.0364get 0.0364% / 8h2h 16m$1.7M$15.1M20x
ShortBingX ONE-USDT0.004003−0.0064pay 0.0008% / 1h16m 11s—$5.5M—

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

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

Profit calculator

Funding earned
$63
Price spread: +0.353% → +2.963%
−$260.99
Slippage, 4 orders
−$597.32
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$820.31
Costs to cover
6.223%
Break-even
98.1 days
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago3.77 bp355.7 bp −$3561448.0 bp −$14.5Kdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago4.86 bp14.8 bp −$1544.4 bp −$444458.7 bp −$45.9K1185.5 bp −$592.8K

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAP−5.7295%1h0.005357+34.292%$6.4M$235.6M10xas long as short
Variational Omni ONE−0.3385%1h0.004012+0.565%$99K$48K—as long as short
BloFin ONE-USDT−0.1568%1h0.003981−0.196%$802K$2.2M50xas long as short
Bitget ONEUSDT−0.1432%1h0.004031+1.045%$1.9M$30.9M20xas long as short
Aster ONEUSDT−0.1056%1h0.003982−0.174%$2.1M$5.8M5xas long as short
KuCoin ONEUSDTM−0.0944%1h0.004164+4.387%$3.8M$12.0M30xas long as short
Binance ONEUSDT−0.0609%1h0.004004+0.376%$13.8M$328.2M50xas long as short
MEXC ONE_USDT−0.0600%1h0.004005+0.401%$11.3M$14.9M20xas long as short
Gate ONE_USDTlong−0.0364%8h0.003989long leg$1.7M$15.1M20x
BingX ONE-USDTshort−0.0064%1h0.004003+0.353%—$5.5M—