Funding you earn now, next payment 04:00 UTC−0.0366%/8h= −40.1% APRnext payment −$1.83 per $10,000 · paid last 24h +0.110%
Price spread now: Bitget against Gate−0.116%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2612.611% of the position
Funding, last 7 days+0.730%+$73 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.116%, 7d avg −0.210%
=The price spread pays, funding is against you. Bitget is 0.094% dearer against Gate than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.210%): +$9 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.730%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate T_USDT | 0.005179 | −0.0034 | get 0.0017% / 4h | 3h 11m | $214K | $100K | 20x |
| Short | Bitget TUSDT | 0.005173 | −0.0400 | pay 0.0200% / 4h | 3h 11m | $884K | $594K | 50x |
Gate T_USDT
Bitget TUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$76.86
- Price spread: −0.116% → −0.210%
- $9.43
- Slippage, 4 orders
- −$234.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$328.56
- Costs to cover
- 2.611%
- Break-even
- never at this rate
Slippage from Gate: live order book, 55 min ago; Bitget: live order book, 60 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, 55 min ago | 5.80 bp | 94.6 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 60 min ago | 1.94 bp | 30.3 bp −$30 | 120.9 bp −$1,209 | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.3799% | 1h | 0.005177 | −0.048% | $2K | $2K | 10x | as long as short |
| MEXC T_USDT | −0.0600% | 4h | 0.005175 | −0.077% | $3.1M | $257K | 20x | as long as short |
| KuCoin TUSDTM | −0.0598% | 4h | 0.005177 | −0.039% | $1.4M | $82K | 12x | as long as short |
| Binance TUSDT | −0.0588% | 4h | 0.005175 | −0.086% | $3.3M | $8.1M | 50x | as long as short |
| Variational Omni T | −0.0537% | 4h | 0.005172 | −0.132% | $8K | $9K | — | as long as short |
| Bitget TUSDTshort | −0.0400% | 4h | 0.005173 | −0.116% | $884K | $594K | 50x | |
| Gate T_USDTlong | −0.0034% | 4h | 0.005179 | long leg | $214K | $100K | 20x | |
| Bybit TUSDT | +0.0100% | 4h | 0.005174 | −0.097% | $1.6M | $1.6M | 25x | as long as short |
Kraken Futures PF_TUSD
MEXC T_USDT
KuCoin TUSDTM
Binance TUSDT
Variational Omni T
Bybit TUSDT