Settings8H · net · $10k
Funding arb · Price arb /

USUAL

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Gate+0.148%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$403as in the Funding arb table
Net, price: spread back to 7d avg − costs−$392as in the Price arb table
costs, in and out, $10k−$4034.031% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.148%, 7d avg +0.032%
Together, before fees−0.148%−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.116% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate USUAL_USDT0.013550.0100pay 0.0100% / 8h2h 28m$905K$251K50x
ShortBitget USUALUSDT0.013570.0100get 0.0050% / 4h2h 28m$822K$506K50x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.148% → +0.032%
$11.59
Slippage, 4 orders
−$376.11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$391.52
Costs to cover
4.031%
Break-even
never at this rate
Slippage from Gate: live order book, 58 min ago; Bitget: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 58 min ago11.01 bp166.8 bp −$167doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 57 min ago11.03 bp27.5 bp −$27157.1 bp −$1,571doesn't fitdoesn't fit

USUAL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective USUAL/USDC PERP−0.4964%1h0.01332−1.697%$6K$2K5.5xas long as short
Kraken Futures PF_USUALUSD−0.0746%1h0.01353−0.131%$110K$23K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01356+0.074%$387K$231K3xas long as short
Binance USUALUSDT+0.0100%4h0.01355−0.007%$2.1M$3.5M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01356+0.066%$997K$946K25xas long as short
Gate USUAL_USDTlong+0.0100%8h0.01355long leg$905K$251K50x
MEXC USUAL_USDT+0.0100%4h0.01356+0.052%$5.9M$267K100xas long as short
KuCoin USUALUSDTM+0.0100%4h0.01358+0.221%$281K$64K20xas long as short
Bitget USUALUSDTshort+0.0100%4h0.01357+0.148%$822K$506K50x
BingX USUAL-USDT+0.0100%4h0.01357+0.118%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUAL+0.0100%4h0.01351−0.263%$9K$208as long as short