Funding you earn now, next payment 00:00 UTC−0.0502%/8h= −55.0% APRnext payment −$2.51 per $10,000 · paid last 24h −0.073%
Price spread now: Gate against Bitget−0.269%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1331.329% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.266%+$27 · spread now −0.269%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.295% cheaper against Bitget than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.51 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 | Bitget BRUSDT | 1.1145 | 0.0602 | pay 0.0301% / 4h | 55m 01s | $8.1M | $12.5M | 10x |
| Short | Gate BR_USDT | 1.1115 | 0.0100 | get 0.0050% / 4h | 55m 01s | $7.5M | $8.6M | 20x |
Bitget BRUSDT
Gate BR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$105.42
- Price spread: −0.269% → +0.025%
- −$29.45
- Slippage, 4 orders
- −$105.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$267.77
- Costs to cover
- 1.329%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 3 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 Bitget live order book, 4 min ago | 3.85 bp | 34.1 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.70 bp | 35.4 bp −$35 | 274.0 bp −$2,740 | doesn't fit | doesn't fit |
BR 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.1121 | −0.212% | — | $6.3M | — | as long as short |
| Bybit BRUSDT | +0.0100% | 4h | 1.1109 | −0.320% | $10.8M | $25.8M | 5x | as long as short |
| Gate BR_USDTshort | +0.0100% | 4h | 1.1115 | −0.269% | $7.5M | $8.6M | 20x | |
| Variational Omni BR | +0.0100% | 4h | 1.1105 | −0.355% | $264K | $296K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1137 | −0.074% | — | $693K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1176 | +0.282% | $86K | $239K | 20x | as long as short |
| KuCoin BRUSDTM | +0.0208% | 4h | 1.1134 | −0.095% | $4.9M | $5.4M | 30x | as long as short |
| Aster BRUSDT | +0.0507% | 4h | 1.1122 | −0.201% | $728K | $2.7M | 5x | as long as short |
| Bitget BRUSDTlong | +0.0602% | 4h | 1.1145 | long leg | $8.1M | $12.5M | 10x | |
| MEXC BR_USDT | +0.1278% | 4h | 1.1166 | +0.194% | $15.5M | $7.4M | 100x | as long as short |
BingX BR-USDT
Bybit BRUSDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
KuCoin BRUSDTM
Aster BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.1280% | 4h | 1.1137 | −0.074% | $53.4M | $161.8M | 25x | as long as short |
Binance BRUSDT