Funding you earn now, next payment 00:00 UTC+0.0358%/8h= +39.2% APRnext payment +$1.79 per $10,000 · paid last 24h +0.090%
Price spread now: Bitget against Gate+0.172%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2432.425% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now +0.172%, 7d avg +0.150%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bitget is 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.150%.
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 +$1.79 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 | Gate US_USDT | 0.01631 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $2.0M | $548K | 20x |
| Short | Bitget USUSDT | 0.01634 | 0.0458 | get 0.0229% / 4h | 1h 36m | $4.3M | $248K | 10x |
Gate US_USDT
Bitget USUSDTFunding 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
- $75.18
- Price spread: +0.172% → +0.150%
- $2.13
- Slippage, 4 orders
- −$215.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$165.23
- Costs to cover
- 2.425%
- Break-even
- 22.4 days
Slippage from Gate: live order book, 1 min ago; Bitget: 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, 1 min ago | 7.05 bp | 78.5 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 11.31 bp | 43.2 bp −$43 | 214.2 bp −$2,142 | 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 | −0.0126% | 4h | 0.01632 | +0.043% | $4.2M | $277K | 20x | as long as short |
| BloFin US-USDT | +0.0074% | 4h | 0.01633 | +0.098% | $477K | $49K | 10x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01632 | +0.057% | $12K | $55K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01632 | +0.067% | $3.2M | $853K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01631 | long leg | $2.0M | $548K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01637 | +0.344% | $16K | $3K | — | as long as short |
| Binance USUSDT | +0.0120% | 4h | 0.01632 | +0.031% | $9.1M | $3.1M | 10x | as long as short |
| MEXC US_USDT | +0.0126% | 4h | 0.01632 | +0.074% | $5.5M | $115K | 100x | as long as short |
| Extended US-USD | +0.0128% | 1h | 0.01631 | −0.013% | $4K | $141K | 5x | as long as short |
| BingX US-USDT | +0.0450% | 4h | 0.01632 | +0.055% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
BloFin US-USDT
Aster USUSDT
Bybit USUSDT
Variational Omni US
Binance USUSDT
MEXC US_USDT
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTshort | +0.0458% | 4h | 0.01634 | +0.172% | $4.3M | $248K | 10x |