Funding you earn now, next payment 09:00 UTC+5.2688%/8h= +5769.3% APRpaid last 24h +6.199%
Price spread now: BingX against Gate+4.082%7-day average +1.192% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$775as in the Price arb table
costs, in and out, $10k−$1,06410.635% of the position
Funding, last 5 days (all we have)+6.277%+$628 on $10k
+Price spread, last 5 days (all we have)−7.260%−$726 · spread now +4.082%, 7d avg +1.192%
=Both sides work for this trade now. Funding pays +$1,581 a day on $10k at the current rate, and BingX is 2.889% dearer against Gate than usual: you sell high and buy low: +$289 more if the spread goes back to its 7-day average of +1.192%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 6.277% in total (about 454.6% 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 MUSEBOOK_USDT | 0.0002100 | −5.3088 | get 0.6636% / 1h | 3m 12s | $363K | $5.0M | 10x |
| Short | BingX MUSEBOOK-USDT | 0.0002185 | −0.0400 | pay 0.0200% / 4h | 3h 03m | — | $1.6M | — |
Gate MUSEBOOK_USDT
BingX MUSEBOOK-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
- $11,064.48
- Price spread: +4.082% → +1.192%
- $288.93
- Slippage, 4 orders
- −$1,038.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $10,289.88
- Costs to cover
- 10.635%
- Break-even
- 0.5 days
Slippage from Gate: live order book, 5 min ago; BingX: live order book, 4 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, 5 min ago | 35.97 bp | 174.2 bp −$174 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 40.12 bp | 378.2 bp −$378 | doesn't fit | doesn't fit | doesn't fit |
MUSEBOOK on 3 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 MUSEBOOK_USDTlong | −5.3088% | 1h | 0.0002100 | long leg | $363K | $5.0M | 10x | |
| MEXC MUSEBOOK_USDT | −0.0400% | 4h | 0.0002186 | +4.096% | $364K | $727K | 20x | as long as short |
| BingX MUSEBOOK-USDTshort | −0.0400% | 4h | 0.0002185 | +4.082% | — | $1.6M | — |
MEXC MUSEBOOK_USDT