Funding you earn now, next payment 00:00 UTC−0.0364%/8h= −39.9% APRnext payment −$1.82 per $10,000 · paid last 24h −0.090%
Price spread now: Gate against Bitget−0.177%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2312.306% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now −0.177%, 7d avg −0.150%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.027% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.150%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.82 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 | Bitget USUSDT | 0.01636 | 0.0464 | pay 0.0232% / 4h | 1h 37m | $4.3M | $248K | 10x |
| Short | Gate US_USDT | 0.01633 | 0.0100 | get 0.0050% / 4h | 1h 37m | $2.1M | $548K | 20x |
Bitget USUSDT
Gate US_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$76.44
- Price spread: −0.177% → −0.150%
- −$2.69
- Slippage, 4 orders
- −$203.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$309.68
- Costs to cover
- 2.306%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 10.38 bp | 43.3 bp −$43 | 436.2 bp −$4,362 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.59 bp | 77.9 bp −$78 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.0114% | 4h | 0.01632 | −0.275% | $4.2M | $277K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01634 | −0.117% | $12K | $55K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01634 | −0.147% | $3.2M | $853K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01633 | −0.177% | $2.1M | $548K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01637 | +0.025% | $16K | $3K | — | as long as short |
| Binance USUSDT | +0.0127% | 4h | 0.01633 | −0.214% | $9.1M | $3.1M | 10x | as long as short |
| MEXC US_USDT | +0.0132% | 4h | 0.01633 | −0.177% | $5.5M | $115K | 100x | as long as short |
| Extended US-USD | +0.0136% | 1h | 0.01633 | −0.234% | $4K | $141K | 5x | as long as short |
| BloFin US-USDT | +0.0174% | 4h | 0.01636 | 0.000% | $478K | $49K | 10x | as long as short |
| BingX US-USDT | +0.0450% | 4h | 0.01634 | −0.159% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Variational Omni US
Binance USUSDT
MEXC US_USDT
Extended US-USD
BloFin US-USDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTlong | +0.0464% | 4h | 0.01636 | long leg | $4.3M | $248K | 10x |