Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Gate+0.033%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$970.967% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.001%$0 · spread now +0.033%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PI_USDT | 0.09060 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $2.7M | $2.1M | 50x |
| Short | BingX PI-USDT | 0.09063 | 0.0100 | get 0.0050% / 4h | 1h 32m | — | $6.6M | — |
Gate PI_USDT
BingX PI-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
- $0
- Price spread: +0.033% → −0.005%
- $3.78
- Slippage, 4 orders
- −$71.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$92.96
- Costs to cover
- 0.967%
- Break-even
- never at this rate
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 | 5.49 bp | 31.7 bp −$32 | 129.9 bp −$1,299 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 4.95 bp | 17.5 bp −$18 | 63.8 bp −$638 | 289.6 bp −$29.0K | 663.0 bp −$331.5K |
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 PIUSDT | −0.0782% | 4h | 0.09050 | −0.110% | $4.9M | $1.6M | 50x | as long as short |
| Injective PI/USDC PERP | +0.0055% | 1h | 0.09090 | +0.331% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09061 | +0.011% | $2.7M | $5.9M | 20x | as long as short |
| Gate PI_USDTlong | +0.0100% | 4h | 0.09060 | long leg | $2.7M | $2.1M | 50x | |
| MEXC PI_USDT | +0.0100% | 4h | 0.09065 | +0.055% | $9.3M | $1.3M | 125x | as long as short |
| BingX PI-USDTshort | +0.0100% | 4h | 0.09063 | +0.033% | — | $6.6M | — |
Bitget PIUSDT
Injective PI/USDC PERP
OKX PI-USDT-SWAP
MEXC PI_USDT