Funding you earn now, next payment 04:00 UTC+0.0915%/8h= +100.2% APRnext payment +$4.57 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Gate−0.092%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1611.607% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.092%, 7d avg −0.010%
=Funding pays, the price is against you. Binance is 0.082% cheaper against Gate than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.010%). If the spread goes back, that is −$8 on $10k: about 7 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.155% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.57 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 LA_USDT | 0.07459 | −0.1558 | get 0.0779% / 4h | 2h 24m | $240K | $827K | 50x |
| Short | Binance LAUSDT | 0.07452 | −0.0643 | pay 0.0322% / 4h | 2h 24m | $4.7M | $9.8M | 25x |
Gate LA_USDT
Binance LAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $192.1
- Price spread: −0.092% → −0.010%
- −$8.25
- Slippage, 4 orders
- −$135.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $23.14
- Costs to cover
- 1.607%
- Break-even
- 6.2 days
Slippage from Gate: live order book, 42 min ago; Binance: live order book, 15 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, 42 min ago | 2.67 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.01 bp | 17.7 bp −$18 | 52.4 bp −$524 | doesn't fit | doesn't fit |
LA on 10 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 LA_USDTlong | −0.1558% | 4h | 0.07459 | long leg | $240K | $827K | 50x | |
| KuCoin LAUSDTM | −0.1154% | 4h | 0.07463 | +0.054% | $1.0M | $87K | 30x | as long as short |
| Aster LAUSDT | −0.0786% | 4h | 0.07451 | −0.112% | $51K | $24K | 5x | as long as short |
| OKX LA-USDT-SWAP | −0.0664% | 4h | 0.07453 | −0.080% | $1.3M | $3.2M | 20x | as long as short |
| Bitget LAUSDT | −0.0644% | 4h | 0.07464 | +0.067% | $2.1M | $525K | 25x | as long as short |
| Binance LAUSDTshort | −0.0643% | 4h | 0.07452 | −0.092% | $4.7M | $9.8M | 25x | |
| MEXC LA_USDT | −0.0642% | 4h | 0.07452 | −0.094% | $380K | $139K | 50x | as long as short |
| BingX LA-USDT | −0.0630% | 4h | 0.07453 | −0.080% | — | $6.6M | — | as long as short |
| Bybit LAUSDT | −0.0254% | 4h | 0.07457 | −0.027% | $2.4M | $2.7M | 25x | as long as short |
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07457 | −0.028% | $151K | $479K | 10x | as long as short |
KuCoin LAUSDTM
Aster LAUSDT
OKX LA-USDT-SWAP
Bitget LAUSDT
MEXC LA_USDT
BingX LA-USDT
Bybit LAUSDT
GRVT LA_USDT_Perp