Funding you earn now, next payment 00:00 UTC+0.1036%/8h= +113.4% APRnext payment +$5.18 per $10,000 · paid last 24h +0.065%
Price spread now: Gate against Bitget+0.225%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$930.932% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 7 days−0.157%−$16 · spread now +0.225%, 7d avg +0.137%
=Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Gate is 0.088% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.137%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.558% in total (about 29.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.18 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 | Bitget PIUSDT | 0.08870 | −0.0936 | get 0.0468% / 4h | 3h 47m | $4.8M | $1.6M | 50x |
| Short | Gate PI_USDT | 0.08890 | 0.0100 | get 0.0050% / 4h | 3h 47m | $2.6M | $2.0M | 50x |
Bitget PIUSDT
Gate PI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $217.56
- Price spread: +0.225% → +0.137%
- $8.82
- Slippage, 4 orders
- −$66.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $133.2
- Costs to cover
- 0.932%
- Break-even
- 2.7 days
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 5 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 Bitget live order book, 1 min ago | 5.64 bp | 22.0 bp −$22 | 65.4 bp −$654 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.61 bp | 20.3 bp −$20 | 145.5 bp −$1,455 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTlong | −0.0936% | 4h | 0.08870 | long leg | $4.8M | $1.6M | 50x | |
| Injective PI/USDC PERP | +0.0052% | 1h | 0.08880 | +0.113% | $1 | $35K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.08901 | +0.349% | $2.6M | $5.6M | 20x | as long as short |
| Gate PI_USDTshort | +0.0100% | 4h | 0.08890 | +0.225% | $2.6M | $2.0M | 50x | |
| MEXC PI_USDT | +0.0100% | 4h | 0.08897 | +0.304% | $9.1M | $1.3M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.08898 | +0.316% | — | $6.6M | — | as long as short |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
MEXC PI_USDT
BingX PI-USDT