Funding you earn now, next payment 16:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Gate+0.066%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.066%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.075% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 196.90 | 0 | get 0.0000% / 8h | 7h 18m | $1.2M | $6.8M | 50x |
| Short | Binance COINUSDT | 197.03 | 0.0039 | get 0.0039% / 8h | 7h 18m | $14.9M | $81.0M | 20x |
Gate COIN_USDT
Binance COINUSDTFunding 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
- $8.22
- Price spread: +0.066% → −0.009%
- $7.51
- Slippage, 4 orders
- −$28.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.7
- Costs to cover
- 0.534%
- Break-even
- 39.1 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago | 7.16 bp | 17.7 bp −$18 | 97.5 bp −$975 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.26 bp | 8.1 bp −$8 | 12.8 bp −$128 | 47.2 bp −$4,718 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.20 | −0.356% | $51K | $198K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0067% | 1h | 196.50 | −0.203% | — | $319K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.68 | −0.113% | $343K | $879K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.95 | +0.025% | $4.6M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.10 | +0.102% | $3.0M | $4.6M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 196.90 | long leg | $1.2M | $6.8M | 50x | |
| Bitget COINUSDT | 0.0000% | 8h | 197.18 | +0.142% | $6.5M | $10.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.82 | −0.040% | $662K | $980K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.92 | +0.010% | $13K | $3.0M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.86 | −0.019% | $365K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH COIN | +0.0032% | 1h | 196.83 | −0.036% | $474K | $1.4M | 10x | as long as short |
| Binance COINUSDTshort | +0.0039% | 8h | 197.03 | +0.066% | $14.9M | $81.0M | 20x | |
| Extended COIN_24_5-USD | +0.0040% | 1h | 196.90 | +0.001% | $104K | $859K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.01 | +0.056% | $17K | $49K | 5x | as long as short |
| QFEX COIN-USD | +0.0047% | 1h | 196.92 | +0.010% | $1.3M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.83 | −0.036% | $15.4M | $12.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.79 | −0.056% | $135K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.60 | −0.152% | $425K | $2.5M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.76 | −0.071% | $990K | $210K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.74 | −0.081% | $88K | $284K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.91 | +0.005% | $569 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.84 | −0.033% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0133% | 8h | 196.94 | +0.020% | $189K | $484K | 20x | as long as short |
| Phoenix COIN | +0.0164% | 1h | 196.65 | −0.127% | $4K | $283K | 10x | as long as short |
| SoDEX COIN-USD | +0.0377% | 1h | 196.86 | −0.020% | $72 | $3K | 10x | as long as short |
| edgeX COINUSDC | +0.0383% | 4h | 196.53 | −0.188% | $51K | $295K | 10x | as long as short |
Lighter RH COIN
Extended COIN_24_5-USD
Arcus COIN-USD
QFEX COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps 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
SoDEX COIN-USD
edgeX COINUSDC