Funding you earn now, next payment 08:00 UTC−0.0194%/8h= −21.2% APRnext payment −$1.94 per $10,000 · paid last 24h +0.048%
Price spread now: Gate against Binance+0.020%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.020%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 197.65 | 0 | get 0.0000% / 8h | 5h 27m | $15.0M | $78.5M | 20x |
| Short | Gate COIN_USDT | 197.69 | −0.0194 | pay 0.0194% / 8h | 5h 27m | $1.2M | $7.1M | 50x |
Binance COINUSDT
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$40.74
- Price spread: +0.020% → +0.009%
- $1.1
- Slippage, 4 orders
- −$20.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$84.66
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Gate: 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 Binance live order book, 15 min ago | 0.51 bp | 7.4 bp −$7 | 14.8 bp −$148 | 65.7 bp −$6,574 | doesn't fit |
| Sell Gate live order book, 1 min ago | 6.07 bp | 14.3 bp −$14 | 104.6 bp −$1,046 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0753% | 8h | 197.72 | +0.035% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.22 | −0.218% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0194% | 8h | 197.69 | +0.020% | $1.2M | $7.1M | 50x | |
| Vest COIN-USD-PERP | −0.0089% | 1h | 197.19 | −0.233% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.75 | +0.048% | $349K | $877K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.59 | −0.028% | $117K | $696K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 197.65 | long leg | $15.0M | $78.5M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 197.71 | +0.030% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.67 | +0.010% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.92 | +0.139% | $686K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.00 | +0.177% | $19K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.67 | +0.010% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.57 | −0.038% | $366K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.56 | −0.046% | $452K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.90 | +0.126% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.63 | −0.010% | $15.6M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.62 | −0.015% | $126K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.63 | −0.010% | $79 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.69 | +0.020% | $351K | $3.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.54 | −0.056% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.98 | +0.167% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.66 | +0.005% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.60 | −0.026% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.61 | −0.020% | $188K | $391K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 197.81 | +0.081% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0415% | 4h | 197.93 | +0.142% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC