Funding you earn now, next payment 04:00 UTC−0.1618%/8h= −177.2% APRnext payment −$8.09 per $10,000 · paid last 24h −0.187%
Price spread now: BingX against Gate−0.098%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1631.630% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.477%+$48 · spread now −0.098%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and BingX is 0.136% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate B2_USDT | 0.5101 | 0.2288 | pay 0.1144% / 4h | 1h 39m | $910K | $358K | 20x |
| Short | BingX B2-USDT | 0.5096 | 0.0670 | get 0.0335% / 4h | 1h 39m | — | $1.4M | — |
Gate B2_USDT
BingX B2-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$339.78
- Price spread: −0.098% → +0.038%
- −$13.55
- Slippage, 4 orders
- −$138.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$516.37
- Costs to cover
- 1.630%
- Break-even
- never at this rate
Slippage from Gate: live order book, 22 min ago; BingX: live order book, 6 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, 22 min ago | 11.10 bp | 52.1 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 7.90 bp | 35.5 bp −$36 | 157.5 bp −$1,575 | 1021.7 bp −$102.2K | doesn't fit |
B2 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit B2USDT | +0.0100% | 4h | 0.5099 | −0.039% | $1.6M | $2.3M | 20x | as long as short |
| Bitget B2USDT | +0.0566% | 4h | 0.5107 | +0.118% | $2.8M | $1.1M | 50x | as long as short |
| BingX B2-USDTshort | +0.0670% | 4h | 0.5096 | −0.098% | — | $1.4M | — | |
| Binance B2USDT | +0.0706% | 4h | 0.5100 | −0.012% | $8.2M | $10.8M | 50x | as long as short |
| MEXC B2_USDT | +0.0714% | 4h | 0.5097 | −0.078% | $585K | $419K | 100x | as long as short |
| Variational Omni B2 | +0.0761% | 4h | 0.5088 | −0.255% | $14K | $2K | — | as long as short |
| Aster B2USDT | +0.1039% | 4h | 0.5091 | −0.188% | $159K | $167K | 5x | as long as short |
| KuCoin B2USDTM | +0.1154% | 4h | 0.5102 | +0.020% | $1.0M | $304K | 50x | as long as short |
| Gate B2_USDTlong | +0.2288% | 4h | 0.5101 | long leg | $910K | $358K | 20x |
Bybit B2USDT
Bitget B2USDT
Binance B2USDT
MEXC B2_USDT
Variational Omni B2
Aster B2USDT
KuCoin B2USDTM