Funding you earn now, next payment 04:00 UTC−0.1130%/8h= −123.7% APRpaid last 24h −0.163%
Price spread now: Gate against BingX−0.182%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1751.745% of the position
Funding, last 7 days−0.339%−$34 on $10k
+Price spread, last 7 days+0.165%+$16 · spread now −0.182%, 7d avg −0.102%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Gate is 0.080% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.339% in total (about -17.7% a year). A funding rate is set anew for every payment. 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 | BingX M-USDT | 1.4272 | 0.1230 | pay 0.0615% / 4h | 1h 40m | — | $2.4M | — |
| Short | Gate M_USDT | 1.4246 | 0.0100 | get 0.0100% / 8h | 5h 40m | $1.9M | $894K | 10x |
BingX M-USDT
Gate M_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
- −$237.3
- Price spread: −0.182% → −0.102%
- −$7.97
- Slippage, 4 orders
- −$149.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$419.81
- Costs to cover
- 1.745%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 2 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, 8 min ago | 9.47 bp | 27.0 bp −$27 | 87.4 bp −$874 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 13.21 bp | 60.1 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 MUSDT | +0.0100% | 4h | 1.4254 | −0.126% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDTshort | +0.0100% | 8h | 1.4246 | −0.182% | $1.9M | $894K | 10x | |
| Bitget MUSDT | +0.0100% | 4h | 1.4264 | −0.056% | $1.8M | $247K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4246 | −0.184% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4250 | −0.154% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4260 | −0.084% | $2K | $726K | 20x | as long as short |
| Aster MUSDT | +0.0978% | 4h | 1.4256 | −0.110% | $16K | $93K | 5x | as long as short |
| BingX M-USDTlong | +0.1230% | 4h | 1.4272 | long leg | — | $2.4M | — | |
| BloFin M-USDT | +0.1246% | 4h | 1.4241 | −0.217% | $353K | $433K | 10x | as long as short |
| Binance MUSDT | +0.1299% | 4h | 1.4256 | −0.114% | $5.5M | $3.7M | 10x | as long as short |
Bybit MUSDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BloFin M-USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1304% | 4h | 1.4266 | −0.042% | $240K | $105K | 50x | as long as short |
| KuCoin MUSDTM | +0.2824% | 4h | 1.4137 | −0.945% | $1.4M | $4.0M | 10x | as long as short |
MEXC M_USDT
KuCoin MUSDTM