Funding you earn now, next payment 04:00 UTC+0.1685%/8h= +184.5% APRpaid last 24h +0.170%
Price spread now: Binance against Gate+0.241%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1631.628% of the position
Funding, last 7 days+0.458%+$46 on $10k
+Price spread, last 7 days−0.152%−$15 · spread now +0.241%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and Binance is 0.129% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.112%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.458% in total (about 23.9% 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 | Gate M_USDT | 1.4380 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $1.9M | $891K | 10x |
| Short | Binance MUSDT | 1.4415 | 0.1785 | get 0.0893% / 4h | 3h 11m | $5.6M | $4.2M | 10x |
Gate M_USDT
Binance MUSDTFunding 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
- $353.91
- Price spread: +0.241% → +0.112%
- $12.94
- Slippage, 4 orders
- −$137.83
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $204.03
- Costs to cover
- 1.628%
- Break-even
- 3.0 days
Slippage from Gate: live order book, 1 min ago; Binance: 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, 1 min ago | 1.74 bp | 63.7 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.39 bp | 21.2 bp −$21 | 271.8 bp −$2,718 | 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 | 1.4413 | +0.229% | $4.5M | $2.1M | 20x | as long as short |
| Gate M_USDTlong | +0.0100% | 8h | 1.4380 | long leg | $1.9M | $891K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4419 | +0.270% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4425 | +0.313% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4432 | +0.362% | $2K | $651K | 20x | as long as short |
| Bitget MUSDT | +0.0294% | 4h | 1.4408 | +0.195% | $1.9M | $262K | 10x | as long as short |
| Aster MUSDT | +0.1376% | 4h | 1.4385 | +0.035% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.1664% | 4h | 1.4399 | +0.132% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1768% | 4h | 1.4405 | +0.174% | $241K | $113K | 50x | as long as short |
| Binance MUSDTshort | +0.1785% | 4h | 1.4415 | +0.241% | $5.6M | $4.2M | 10x |
Bybit MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1792% | 4h | 1.4427 | +0.327% | $353K | $429K | 10x | as long as short |
| KuCoin MUSDTM | +0.3582% | 4h | 1.4269 | −0.773% | $1.4M | $4.1M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM