Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against BingX−0.093%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$316as in the Funding arb table
Net, price: spread back to 7d avg − costs−$316as in the Price arb table
costs, in and out, $10k−$3043.041% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.093%, 7d avg +0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.117% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USUAL-USDT | 0.01391 | 0.0100 | pay 0.0050% / 4h | 2h 20m | — | $1.2M | — |
| Short | Gate USUAL_USDT | 0.01390 | 0.0100 | get 0.0100% / 8h | 6h 20m | $940K | $79K | 50x |
BingX USUAL-USDT
Gate USUAL_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
- $0
- Price spread: −0.093% → +0.024%
- −$11.74
- Slippage, 4 orders
- −$279.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$315.82
- Costs to cover
- 3.041%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 29 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, 2 min ago | 5.40 bp | 24.9 bp −$25 | 102.3 bp −$1,023 | 546.7 bp −$54.7K | 828.1 bp −$414.1K |
| Sell Gate live order book, 29 min ago | 10.81 bp | 153.0 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4413% | 1h | 0.01370 | −1.531% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0262% | 1h | 0.01390 | −0.089% | $111K | $8K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01392 | +0.050% | $398K | $173K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01391 | −0.043% | $2.2M | $2.6M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01392 | +0.029% | $1.0M | $610K | 25x | as long as short |
| Gate USUAL_USDTshort | +0.0100% | 8h | 0.01390 | −0.093% | $940K | $79K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01392 | +0.022% | $6.1M | $235K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01391 | −0.022% | $166K | $86K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01392 | +0.050% | $779K | $385K | 50x | as long as short |
| BingX USUAL-USDTlong | +0.0100% | 4h | 0.01391 | long leg | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01392 | +0.084% | $11K | $1K | — | as long as short |
Variational Omni USUAL