Funding you earn now, next payment 12:00 UTC−0.0788%/8h= −86.3% APRnext payment −$3.94 per $10,000 · paid last 24h −0.220%
Price spread now: Binance against Gate−0.174%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1601.603% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.174%, 7d avg −0.089%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.085% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.089%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.164% in total (about -8.5% 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 | Gate RIF_USDT | 0.09066 | 0.0888 | pay 0.0444% / 4h | 2h 59m | $152K | $423K | 20x |
| Short | Binance RIFUSDT | 0.09050 | 0.0100 | get 0.0050% / 4h | 2h 59m | $2.1M | $3.4M | 50x |
Gate RIF_USDT
Binance RIFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$165.48
- Price spread: −0.174% → −0.089%
- −$8.48
- Slippage, 4 orders
- −$135.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$334.23
- Costs to cover
- 1.603%
- Break-even
- never at this rate
Slippage from Gate: live order book, 31 min ago; Binance: live order book, 7 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, 31 min ago | 7.18 bp | 64.5 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.10 bp | 22.9 bp −$23 | 100.6 bp −$1,006 | doesn't fit | doesn't fit |
RIF on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX RIF-USDT | +0.0070% | 4h | 0.09057 | −0.099% | — | $2.3M | — | as long as short |
| Aster RIFUSDT | +0.0100% | 4h | 0.09059 | −0.080% | $76K | $8K | 5x | as long as short |
| Binance RIFUSDTshort | +0.0100% | 4h | 0.09050 | −0.174% | $2.1M | $3.4M | 50x | |
| MEXC RIF_USDT | +0.0100% | 4h | 0.09051 | −0.165% | $9.3M | $87K | 20x | as long as short |
| KuCoin RIFUSDTM | +0.0100% | 4h | 0.09056 | −0.111% | $58K | $25K | 20x | as long as short |
| Gate RIF_USDTlong | +0.0888% | 4h | 0.09066 | long leg | $152K | $423K | 20x |
BingX RIF-USDT
Aster RIFUSDT
MEXC RIF_USDT
KuCoin RIFUSDTM