Funding you earn now, next payment 00:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.99 per $10,000 · paid last 24h −0.108%
Price spread now: Gate against Binance+0.116%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2342.339% of the position
Funding, last 7 days−0.375%−$37 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.116%, 7d avg +0.078%
=The price spread pays, funding is against you. Gate is 0.037% dearer against Binance than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.078%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TUSDT | 0.005193 | −0.0652 | get 0.0326% / 4h | 52m 08s | $3.3M | $10.1M | 50x |
| Short | Gate T_USDT | 0.005199 | −0.0850 | pay 0.0425% / 4h | 52m 08s | $215K | $117K | 20x |
Binance TUSDT
Gate T_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$41.55
- Price spread: +0.116% → +0.078%
- $3.71
- Slippage, 4 orders
- −$208.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$271.77
- Costs to cover
- 2.339%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, 19 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 Binance live order book, 3 min ago | 0.96 bp | 13.1 bp −$13 | 37.8 bp −$378 | doesn't fit | doesn't fit |
| Sell Gate live order book, 19 min ago | 7.72 bp | 104.7 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.4369% | 1h | 0.005191 | −0.032% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.0911% | 4h | 0.005193 | +0.006% | $7K | $13K | — | as long as short |
| KuCoin TUSDTM | −0.0894% | 4h | 0.005195 | +0.039% | $1.4M | $109K | 12x | as long as short |
| Gate T_USDTshort | −0.0850% | 4h | 0.005199 | +0.116% | $215K | $117K | 20x | |
| Bybit TUSDT | −0.0827% | 4h | 0.005197 | +0.077% | $1.6M | $2.2M | 25x | as long as short |
| Bitget TUSDT | −0.0722% | 4h | 0.005191 | −0.039% | $890K | $796K | 50x | as long as short |
| MEXC T_USDT | −0.0658% | 4h | 0.005193 | 0.000% | $3.2M | $259K | 20x | as long as short |
| Binance TUSDTlong | −0.0652% | 4h | 0.005193 | long leg | $3.3M | $10.1M | 50x |
Kraken Futures PF_TUSD
Variational Omni T
KuCoin TUSDTM
Bybit TUSDT
Bitget TUSDT
MEXC T_USDT