Funding you earn now, next payment 04:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.67 per $10,000 · paid last 24h −0.085%
Price spread now: Bitget against Gate−0.218%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$980.983% of the position
Funding, last 7 days−0.579%−$58 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.218%, 7d avg −0.146%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.072% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PI_USDT | 0.09160 | 0.0100 | pay 0.0050% / 4h | 51m 13s | $2.7M | $2.5M | 50x |
| Short | Bitget PIUSDT | 0.09140 | −0.0034 | pay 0.0017% / 4h | 51m 13s | $5.0M | $2.1M | 50x |
Gate PI_USDT
Bitget PIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$28.14
- Price spread: −0.218% → −0.146%
- −$7.23
- Slippage, 4 orders
- −$71.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$133.68
- Costs to cover
- 0.983%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago | 5.46 bp | 31.2 bp −$31 | 157.0 bp −$1,570 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 5.47 bp | 24.5 bp −$24 | 71.3 bp −$713 | 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 PIUSDTshort | −0.0034% | 4h | 0.09140 | −0.218% | $5.0M | $2.1M | 50x | |
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | −0.764% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09155 | −0.055% | $2.6M | $7.3M | 20x | as long as short |
| Gate PI_USDTlong | +0.0100% | 4h | 0.09160 | long leg | $2.7M | $2.5M | 50x | |
| MEXC PI_USDT | +0.0100% | 4h | 0.09159 | −0.011% | $9.9M | $1.5M | 125x | as long as short |
| BingX PI-USDT | +0.0100% | 4h | 0.09155 | −0.055% | — | $6.6M | — | as long as short |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
MEXC PI_USDT
BingX PI-USDT