Funding you earn now, next payment 04:00 UTC+0.0249%/8h= +27.3% APRnext payment +$1.24 per $10,000 · paid last 24h +0.060%
Price spread now: Binance against Gate+0.015%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1271.272% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.015%, 7d avg +0.053%
=Funding pays, the price is against you. Binance is 0.038% cheaper against Gate than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.053%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.123% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.24 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 SLX_USDT | 0.06594 | 0.0500 | pay 0.0250% / 4h | 46m 50s | $303K | $688K | 25x |
| Short | Binance SLXUSDT | 0.06595 | 0.0749 | get 0.0374% / 4h | 46m 50s | $2.5M | $3.0M | 25x |
Gate SLX_USDT
Binance SLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $52.28
- Price spread: +0.015% → +0.053%
- −$3.76
- Slippage, 4 orders
- −$102.23
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.71
- Costs to cover
- 1.272%
- Break-even
- 17.5 days
Slippage from Gate: live order book, 10 min ago; Binance: 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, 10 min ago | 7.52 bp | 51.8 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.76 bp | 15.3 bp −$15 | 126.2 bp −$1,262 | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06594 | 0.000% | $967K | $1.6M | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06606 | +0.182% | $1K | $430K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0327% | 4h | 0.06598 | +0.061% | $1.8M | $1.7M | 20x | as long as short |
| Bitget SLXUSDT | +0.0424% | 4h | 0.06599 | +0.076% | $1.0M | $278K | 20x | as long as short |
| Gate SLX_USDTlong | +0.0500% | 4h | 0.06594 | long leg | $303K | $688K | 25x | |
| BloFin SLX-USDT | +0.0741% | 4h | 0.06600 | +0.091% | $168K | $3K | 25x | as long as short |
| MEXC SLX_USDT | +0.0748% | 4h | 0.06590 | −0.061% | $1.8M | $226K | 20x | as long as short |
| Binance SLXUSDTshort | +0.0749% | 4h | 0.06595 | +0.015% | $2.5M | $3.0M | 25x | |
| Aster SLXUSDT | +0.0781% | 4h | 0.06593 | −0.021% | $15K | $27K | 10x | as long as short |
| BingX SLX-USDT | +0.1722% | 4h | 0.06585 | −0.136% | — | $1.7M | — | as long as short |
KuCoin SLXUSDTM
SunX SLX-USDT
OKX SLX-USDT-SWAP
Bitget SLXUSDT
BloFin SLX-USDT
MEXC SLX_USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDT | +0.1759% | 4h | 0.06575 | −0.288% | $992K | $411K | 20x | as long as short |
Bybit SLXUSDT