Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.019%
Price spread now: Gate against BingX−0.227%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2202.201% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.227%, 7d avg −0.121%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.107% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GWEI-USDT | 0.02287 | 0.0626 | pay 0.0313% / 4h | 2h 24m | — | $1.6M | — |
| Short | Gate GWEI_USDT | 0.02282 | 0.0548 | get 0.0274% / 4h | 2h 24m | $375K | $387K | 10x |
BingX GWEI-USDT
Gate GWEI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$16.38
- Price spread: −0.227% → −0.121%
- −$10.68
- Slippage, 4 orders
- −$195.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$247.11
- Costs to cover
- 2.201%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 60 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 BingX live order book, 2 min ago | 6.57 bp | 30.8 bp −$31 | 131.7 bp −$1,317 | doesn't fit | doesn't fit |
| Sell Gate live order book, 60 min ago | 8.35 bp | 72.1 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02271 | −0.700% | $451K | $16K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02286 | −0.047% | $4K | $55 | — | as long as short |
| Bybit GWEIUSDT | +0.0132% | 4h | 0.02288 | +0.044% | $371K | $114K | 25x | as long as short |
| Bitget GWEIUSDT | +0.0490% | 4h | 0.02286 | −0.044% | $1.9M | $200K | 20x | as long as short |
| Gate GWEI_USDTshort | +0.0548% | 4h | 0.02282 | −0.227% | $375K | $387K | 10x | |
| BingX GWEI-USDTlong | +0.0626% | 4h | 0.02287 | long leg | — | $1.6M | — | |
| MEXC GWEI_USDT | +0.0648% | 4h | 0.02286 | −0.044% | $101K | $86K | 20x | as long as short |
| Extended GWEI-USD | +0.0656% | 1h | 0.02285 | −0.067% | $3K | $142K | 5x | as long as short |
| Binance GWEIUSDT | +0.0657% | 4h | 0.02287 | +0.003% | $2.3M | $2.5M | 50x | as long as short |
| BloFin GWEI-USDT | +0.0665% | 4h | 0.02287 | 0.000% | $170K | $28K | 50x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Bybit GWEIUSDT
Bitget GWEIUSDT
MEXC GWEI_USDT
Extended GWEI-USD
Binance GWEIUSDT
BloFin GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1657% | 4h | 0.02280 | −0.306% | $19K | $8K | 10x | as long as short |
Aster GWEIUSDT