Funding you earn now, next payment 00:00 UTC+0.0354%/8h= +38.8% APRnext payment +$1.77 per $10,000 · paid last 24h +0.123%
Price spread now: BingX against Gate+0.165%7-day average +0.230% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2432.433% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now +0.165%, 7d avg +0.230%
=Funding pays, the price is against you. BingX is 0.066% cheaper against Gate than usual: you would sell low and buy high (spread +0.165% now, against its 7-day average of +0.230%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate US_USDT | 0.01641 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $2.1M | $544K | 20x |
| Short | BingX US-USDT | 0.01643 | 0.0454 | get 0.0227% / 4h | 2h 25m | — | $1.3M | — |
Gate US_USDT
BingX US-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $74.34
- Price spread: +0.165% → +0.230%
- −$6.58
- Slippage, 4 orders
- −$218.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$175.5
- Costs to cover
- 2.433%
- Break-even
- 23.5 days
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 1 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, 2 min ago | 11.88 bp | 72.6 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 5.47 bp | 42.3 bp −$42 | 137.1 bp −$1,371 | 936.4 bp −$93.6K | 1247.1 bp −$623.5K |
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 | −0.0060% | 4h | 0.01637 | −0.244% | $4.2M | $274K | 20x | as long as short |
| BloFin US-USDT | +0.0085% | 4h | 0.01644 | +0.189% | $481K | $49K | 10x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01641 | −0.001% | $12K | $54K | 5x | as long as short |
| Binance USUSDT | +0.0100% | 4h | 0.01644 | +0.174% | $9.2M | $3.1M | 10x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01644 | +0.201% | $3.3M | $835K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01641 | long leg | $2.1M | $544K | 20x | |
| MEXC US_USDT | +0.0100% | 4h | 0.01643 | +0.165% | $5.5M | $116K | 100x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01643 | +0.167% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0104% | 1h | 0.01643 | +0.165% | $4K | $141K | 5x | as long as short |
| Bitget USUSDT | +0.0450% | 4h | 0.01645 | +0.238% | $4.3M | $243K | 10x | as long as short |
KuCoin USUSDTM
BloFin US-USDT
Aster USUSDT
Binance USUSDT
Bybit USUSDT
MEXC US_USDT
Variational Omni US
Extended US-USD
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDTshort | +0.0454% | 4h | 0.01643 | +0.165% | — | $1.3M | — |