data as of
Settings8H · net · $10k
Funding arb /

T

all T markets
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Funding spread now, next payment 20:00 UTC−0.1044%/8h
next payment, per $10,000$5.22paid, last 24h−0.141%paid, last 7 days−0.648%to open and close $10k−$250
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.648% in total (about -33.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $5.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TUSDT0.005096−0.0592get 0.0296% / 4h2h 39m$882K$807K50x
ShortGate T_USDT0.005100−0.1636pay 0.0818% / 4h2h 39m$210K$124K20x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
−$219.24
Slippage, 4 orders
−$222.68
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$468.92
Break-even
never at this rate
Slippage from Bitget: live order book, 28 min ago; Gate: live order book, 62 min ago.

Price risk

price view
Price gap now
+0.078%
Avg gap 7d
+0.216%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 28 min ago0.98 bp24.0 bp −$24108.2 bp −$1,082doesn't fitdoesn't fit
Sell Gate live order book, 62 min ago2.91 bp96.6 bp −$97doesn't fitdoesn't fitdoesn't fit

T on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_TUSD−0.4023%1h$2K$2K10xas long as short
Gate T_USDTshort−0.1636%4h$210K$124K20x
Variational Omni T−0.1060%4h$7K$13Kas long as short
Bybit TUSDT−0.0865%4h$1.6M$2.4M25xas long as short
KuCoin TUSDTM−0.0766%4h$1.3M$105K12xas long as short
Binance TUSDT−0.0719%4h$3.2M$10.9M50xas long as short
MEXC T_USDT−0.0714%4h$3.1M$304K20xas long as short
Bitget TUSDTlong−0.0592%4h$882K$807K50x