Funding you earn now, next payment 12:00 UTC−0.0284%/8h= −31.1% APRnext payment −$1.42 per $10,000 · paid last 24h +0.026%
Price spread now: Bitget against Gate−0.165%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2272.267% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.165%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.155% cheaper against Gate than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.42 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 STG_USDT | 0.1214 | 0.1712 | pay 0.0856% / 4h | 3h 15m | $122K | $165K | 25x |
| Short | Bitget STGUSDT | 0.1212 | 0.1428 | get 0.0714% / 4h | 3h 15m | $451K | $1.7M | 50x |
Gate STG_USDT
Bitget STGUSDTFunding 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
- −$59.64
- Price spread: −0.165% → −0.010%
- −$15.5
- Slippage, 4 orders
- −$199.69
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$301.83
- Costs to cover
- 2.267%
- Break-even
- never at this rate
Slippage from Gate: live order book, 10 min ago; Bitget: live order book, 1 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 | 12.44 bp | 83.2 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 8.24 bp | 27.8 bp −$28 | 253.6 bp −$2,536 | doesn't fit | doesn't fit |
STG on 10 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 STGUSDTM | +0.0100% | 4h | 0.1212 | −0.165% | $739K | $226K | 30x | as long as short |
| Variational Omni STG | +0.1422% | 8h | 0.1215 | +0.080% | $33K | $59K | — | as long as short |
| Bitget STGUSDTshort | +0.1428% | 4h | 0.1212 | −0.165% | $451K | $1.7M | 50x | |
| Binance STGUSDT | +0.1507% | 4h | 0.1213 | −0.082% | $2.6M | $4.9M | 20x | as long as short |
| BingX STG-USDT | +0.1622% | 4h | 0.1212 | −0.165% | — | $1.2M | — | as long as short |
| Gate STG_USDTlong | +0.1712% | 4h | 0.1214 | long leg | $122K | $165K | 25x | |
| MEXC STG_USDT | +0.1845% | 8h | 0.1215 | +0.082% | $267K | $86K | 20x | as long as short |
| Bybit STGUSDT | +0.1884% | 8h | 0.1212 | −0.124% | $1.1M | $2.3M | 25x | as long as short |
| Aster STGUSDT | +0.2036% | 4h | 0.1205 | −0.738% | $15K | $44K | 5x | as long as short |
| Kraken Futures PF_STGUSD | +0.7421% | 1h | 0.1219 | +0.450% | $9K | $7K | 10x | as long as short |
KuCoin STGUSDTM
Variational Omni STG
Binance STGUSDT
BingX STG-USDT
MEXC STG_USDT
Bybit STGUSDT
Aster STGUSDT
Kraken Futures PF_STGUSD