Funding you earn now, next payment 04:00 UTC−0.0664%/8h= −72.7% APRnext payment −$3.32 per $10,000 · paid last 24h −0.156%
Price spread now: Gate against BingX−0.255%7-day average −0.229% · you buy dearer than you sell
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2852.845% of the position
Funding, last 7 days−0.469%−$47 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now −0.255%, 7d avg −0.229%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.025% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.229%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX US-USDT | 0.01648 | 0.0764 | pay 0.0382% / 4h | 2h 24m | — | $1.3M | — |
| Short | Gate US_USDT | 0.01644 | 0.0100 | get 0.0050% / 4h | 2h 24m | $2.1M | $593K | 20x |
BingX US-USDT
Gate US_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$139.44
- Price spread: −0.255% → −0.229%
- −$2.54
- Slippage, 4 orders
- −$259.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$426.48
- Costs to cover
- 2.845%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Gate: live order book, 3 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 BingX live order book, 1 min ago | 9.41 bp | 84.9 bp −$85 | 278.7 bp −$2,787 | 1039.5 bp −$103.9K | 1359.5 bp −$679.8K |
| Sell Gate live order book, 3 min ago | 13.95 bp | 79.4 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
US on 10 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 | 0.01648 | −0.036% | $3.2M | $905K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01644 | −0.255% | $2.1M | $593K | 20x | |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01643 | −0.297% | $4.2M | $289K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01650 | +0.087% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0484% | 4h | 0.01650 | +0.121% | $4.3M | $265K | 10x | as long as short |
| BingX US-USDTlong | +0.0764% | 4h | 0.01648 | long leg | — | $1.3M | — | |
| Aster USUSDT | +0.0790% | 4h | 0.01644 | −0.242% | $12K | $53K | 5x | as long as short |
| MEXC US_USDT | +0.0804% | 4h | 0.01647 | −0.085% | $5.5M | $114K | 100x | as long as short |
| Extended US-USD | +0.0808% | 1h | 0.01647 | −0.069% | $5K | $102K | 5x | as long as short |
| Binance USUSDT | +0.0808% | 4h | 0.01647 | −0.073% | $9.2M | $3.3M | 10x | as long as short |
Bybit USUSDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
MEXC US_USDT
Extended US-USD
Binance USUSDT