Funding you earn now, next payment 00:00 UTC+0.1224%/8h= +134.0% APRnext payment +$6.12 per $10,000 · paid last 24h +0.166%
Price spread now: Bitget against Gate−0.110%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$920.915% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.110%, 7d avg −0.040%
=Funding pays, the price is against you. Bitget is 0.070% cheaper against Gate than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.040%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.050% in total) that is about 9.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.12 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 CVC_USDT | 0.02734 | −0.1226 | get 0.0613% / 4h | 2h 33m | $209K | $308K | 25x |
| Short | Bitget CVCUSDT | 0.02731 | −0.0002 | pay 0.0001% / 4h | 2h 33m | $462K | $462K | 50x |
Gate CVC_USDT
Bitget CVCUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $257.04
- Price spread: −0.110% → −0.040%
- −$6.98
- Slippage, 4 orders
- −$64.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $158.55
- Costs to cover
- 0.915%
- Break-even
- 2.7 days
Slippage from Gate: live order book, 51 min ago; Bitget: live order book, 51 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, 51 min ago | 5.49 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 5.49 bp | 16.6 bp −$17 | 72.2 bp −$722 | doesn't fit | doesn't fit |
CVC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDTlong | −0.1226% | 4h | 0.02734 | long leg | $209K | $308K | 25x | |
| Bitget CVCUSDTshort | −0.0002% | 4h | 0.02731 | −0.110% | $462K | $462K | 50x | |
| BingX CVC-USDT | +0.0010% | 4h | 0.02726 | −0.293% | — | $2.4M | — | as long as short |
| MEXC CVC_USDT | +0.0044% | 4h | 0.02732 | −0.073% | $677K | $120K | 20x | as long as short |
| Binance CVCUSDT | +0.0044% | 4h | 0.02732 | −0.055% | $2.9M | $5.6M | 50x | as long as short |
| KuCoin CVCUSDTM | +0.0100% | 4h | 0.02736 | +0.073% | $1.4M | $398K | 30x | as long as short |
| Variational Omni CVC | +0.7119% | 1h | 0.02714 | −0.735% | $1K | $370 | — | as long as short |
| Bybit CVCUSDT | +0.9178% | 1h | 0.02709 | −0.914% | $1.7M | $1.4M | 25x | as long as short |
BingX CVC-USDT
MEXC CVC_USDT
Binance CVCUSDT
KuCoin CVCUSDTM
Variational Omni CVC
Bybit CVCUSDT