Funding you earn now, next payment 04:00 UTC−0.0712%/8h= −78.0% APRnext payment −$3.56 per $10,000 · paid last 24h −0.110%
Price spread now: Gate against Binance−0.280%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2372.367% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.280%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Gate is 0.148% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.346% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.56 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 | Binance USUSDT | 0.01649 | 0.0812 | pay 0.0406% / 4h | 3h 57m | $9.2M | $3.1M | 10x |
| Short | Gate US_USDT | 0.01644 | 0.0100 | get 0.0050% / 4h | 3h 57m | $2.1M | $551K | 20x |
Binance USUSDT
Gate US_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$149.62
- Price spread: −0.280% → −0.132%
- −$14.8
- Slippage, 4 orders
- −$211.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$401.09
- Costs to cover
- 2.367%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Gate: live order book, 5 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 Binance live order book, 12 min ago | 0.91 bp | 56.6 bp −$57 | 363.9 bp −$3,639 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 8.21 bp | 71.1 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 USUSDT | +0.0100% | 4h | 0.01650 | +0.114% | $3.2M | $869K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01644 | −0.280% | $2.1M | $551K | 20x | |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01641 | −0.432% | $4.2M | $276K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01646 | −0.172% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0488% | 4h | 0.01649 | +0.047% | $4.3M | $251K | 10x | as long as short |
| Aster USUSDT | +0.0743% | 4h | 0.01644 | −0.268% | $12K | $55K | 5x | as long as short |
| BingX US-USDT | +0.0774% | 4h | 0.01649 | +0.011% | — | $1.3M | — | as long as short |
| Extended US-USD | +0.0808% | 1h | 0.01646 | −0.154% | $4K | $138K | 5x | as long as short |
| MEXC US_USDT | +0.0808% | 4h | 0.01648 | −0.050% | $5.5M | $112K | 100x | as long as short |
| Binance USUSDTlong | +0.0812% | 4h | 0.01649 | long leg | $9.2M | $3.1M | 10x |
Bybit USUSDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
BingX US-USDT
Extended US-USD
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0868% | 4h | 0.01646 | −0.183% | $478K | $49K | 10x | as long as short |
BloFin US-USDT