Funding you earn now, next payment 08:00 UTC+0.0216%/8h= +23.7% APRnext payment +$1.08 per $10,000 · paid last 24h −0.038%
Price spread now: BingX against Gate−0.041%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$990.995% of the position
Funding, last 7 days−0.147%−$15 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now −0.041%, 7d avg −0.074%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.074%. Mind the row above: over the last 7 days funding on this pair cost −0.147%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.147% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 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 | Gate PROM_USDT | 4.8260 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $711K | $951K | 50x |
| Short | BingX PROM-USDT | 4.8240 | 0.0316 | get 0.0158% / 4h | 3h 51m | — | $1.5M | — |
Gate PROM_USDT
BingX PROM-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
- $45.36
- Price spread: −0.041% → −0.074%
- $3.28
- Slippage, 4 orders
- −$74.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$50.83
- Costs to cover
- 0.995%
- Break-even
- 14.8 days
Slippage from Gate: live order book, 65 min ago; BingX: 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 Gate live order book, 65 min ago | 3.09 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.07 bp | 17.8 bp −$18 | 47.8 bp −$478 | 431.7 bp −$43.2K | 723.3 bp −$361.7K |
PROM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROMUSDT | +0.0100% | 4h | 4.8223 | −0.077% | $129K | $20K | 5x | as long as short |
| Binance PROMUSDT | +0.0100% | 4h | 4.8230 | −0.062% | $15.5M | $8.9M | 50x | as long as short |
| Gate PROM_USDTlong | +0.0100% | 4h | 4.8260 | long leg | $711K | $951K | 50x | |
| MEXC PROM_USDT | +0.0100% | 4h | 4.8220 | −0.083% | $403K | $152K | 20x | as long as short |
| KuCoin PROMUSDTM | +0.0100% | 4h | 4.8305 | +0.093% | $1.1M | $86K | 30x | as long as short |
| BloFin PROM-USDT | +0.0103% | 4h | 4.8290 | +0.062% | $791K | $285K | 50x | as long as short |
| Extended PROM-USD | +0.0104% | 1h | 4.8226 | −0.071% | $886 | — | 5x | as long as short |
| Bitget PROMUSDT | +0.0316% | 4h | 4.8364 | +0.215% | $4.2M | $412K | 10x | as long as short |
| BingX PROM-USDTshort | +0.0316% | 4h | 4.8240 | −0.041% | — | $1.5M | — |
Aster PROMUSDT
Binance PROMUSDT
MEXC PROM_USDT
KuCoin PROMUSDTM
BloFin PROM-USDT
Extended PROM-USD
Bitget PROMUSDT