Funding you earn now, next payment 12:00 UTC+0.0686%/8h= +75.1% APRnext payment +$3.43 per $10,000 · paid last 24h +0.060%
Price spread now: BingX against Gate+0.165%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2872.865% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.165%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and BingX is 0.045% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.43 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 GWEI_USDT | 0.02366 | 0.0100 | pay 0.0050% / 4h | 3h 49m | $404K | $581K | 10x |
| Short | BingX GWEI-USDT | 0.02370 | 0.0786 | get 0.0393% / 4h | 3h 49m | — | $1.6M | — |
Gate GWEI_USDT
BingX GWEI-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
- $144.06
- Price spread: +0.165% → +0.120%
- $4.48
- Slippage, 4 orders
- −$261.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$137.98
- Costs to cover
- 2.865%
- Break-even
- 13.7 days
Slippage from Gate: live order book, 46 min ago; BingX: live order book, 12 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, 46 min ago | 6.36 bp | 62.4 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.31 bp | 31.8 bp −$32 | 113.9 bp −$1,139 | 695.2 bp −$69.5K | 1114.7 bp −$557.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02371 | +0.207% | $399K | $283K | 25x | as long as short |
| Gate GWEI_USDTlong | +0.0100% | 4h | 0.02366 | long leg | $404K | $581K | 10x | |
| Variational Omni GWEI | +0.0100% | 4h | 0.02371 | +0.191% | $5K | $1K | — | as long as short |
| BloFin GWEI-USDT | +0.0280% | 4h | 0.02368 | +0.080% | $165K | $43K | 50x | as long as short |
| Binance GWEIUSDT | +0.0324% | 4h | 0.02370 | +0.146% | $2.5M | $5.3M | 50x | as long as short |
| MEXC GWEI_USDT | +0.0326% | 4h | 0.02368 | +0.080% | $126K | $92K | 20x | as long as short |
| Extended GWEI-USD | +0.0328% | 1h | 0.02369 | +0.137% | $6K | $219K | 5x | as long as short |
| KuCoin GWEIUSDTM | +0.0584% | 4h | 0.02371 | +0.186% | $468K | $36K | 20x | as long as short |
| Bitget GWEIUSDT | +0.0780% | 4h | 0.02370 | +0.165% | $2.0M | $478K | 20x | as long as short |
| BingX GWEI-USDTshort | +0.0786% | 4h | 0.02370 | +0.165% | — | $1.6M | — |
Bybit GWEIUSDT
Variational Omni GWEI
BloFin GWEI-USDT
Binance GWEIUSDT
MEXC GWEI_USDT
Extended GWEI-USD
KuCoin GWEIUSDTM
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1359% | 4h | 0.02370 | +0.174% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT