Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Gate−0.094%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2952.945% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.094%, 7d avg −0.089%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USUAL_USDT | 0.01377 | 0.0100 | pay 0.0100% / 8h | 7h 07m | $931K | $212K | 50x |
| Short | Binance USUALUSDT | 0.01376 | 0.0100 | get 0.0050% / 4h | 3h 07m | $2.2M | $3.3M | 50x |
Gate USUAL_USDT
Binance USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.094% → −0.089%
- −$0.53
- Slippage, 4 orders
- −$269.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$295.07
- Costs to cover
- 2.945%
- Break-even
- never at this rate
Slippage from Gate: live order book, 64 min ago; Binance: live order book, 13 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, 64 min ago | 7.27 bp | 114.0 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 4.00 bp | 20.9 bp −$21 | 112.4 bp −$1,124 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4996% | 1h | 0.01358 | −1.380% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0641% | 1h | 0.01375 | −0.131% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01377 | 0.000% | $396K | $183K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01376 | −0.094% | $2.2M | $3.3M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01377 | 0.000% | $1.0M | $794K | 25x | as long as short |
| Gate USUAL_USDTlong | +0.0100% | 8h | 0.01377 | long leg | $931K | $212K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01375 | −0.123% | $6.0M | $246K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01376 | −0.073% | $271K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01376 | −0.073% | $826K | $418K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01376 | −0.065% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01376 | −0.060% | $9K | $208 | — | as long as short |
Variational Omni USUAL