Funding you earn now, next payment 00:00 UTC+0.1133%/8h= +124.0% APRnext payment +$5.66 per $10,000 · paid last 24h +0.108%
Price spread now: Binance against Gate−0.050%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2332.331% of the position
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.050%, 7d avg −0.078%
=Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Binance is 0.028% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.078%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.372% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.66 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 T_USDT | 0.005155 | −0.1462 | get 0.0731% / 4h | 2h 28m | $214K | $120K | 20x |
| Short | Binance TUSDT | 0.005152 | −0.0329 | pay 0.0165% / 4h | 2h 28m | $3.2M | $10.2M | 50x |
Gate T_USDT
Binance TUSDTFunding 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
- $237.88
- Price spread: −0.050% → −0.078%
- $2.84
- Slippage, 4 orders
- −$208.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $7.59
- Costs to cover
- 2.331%
- Break-even
- 6.8 days
Slippage from Gate: live order book, 55 min ago; Binance: live order book, 12 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, 55 min ago | 3.88 bp | 95.5 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.97 bp | 16.4 bp −$16 | 43.6 bp −$436 | 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 | −0.4152% | 1h | 0.005146 | −0.168% | $2K | $2K | 10x | as long as short |
| Gate T_USDTlong | −0.1462% | 4h | 0.005155 | long leg | $214K | $120K | 20x | |
| Bybit TUSDT | −0.1147% | 4h | 0.005149 | −0.116% | $1.6M | $2.2M | 25x | as long as short |
| KuCoin TUSDTM | −0.0700% | 4h | 0.005148 | −0.136% | $1.3M | $109K | 12x | as long as short |
| Variational Omni T | −0.0669% | 4h | 0.005146 | −0.169% | $7K | $13K | — | as long as short |
| Bitget TUSDT | −0.0542% | 4h | 0.005144 | −0.213% | $886K | $776K | 50x | as long as short |
| Binance TUSDTshort | −0.0329% | 4h | 0.005152 | −0.050% | $3.2M | $10.2M | 50x | |
| MEXC T_USDT | −0.0320% | 4h | 0.005152 | −0.058% | $3.1M | $279K | 20x | as long as short |
Kraken Futures PF_TUSD
Bybit TUSDT
KuCoin TUSDTM
Variational Omni T
Bitget TUSDT
MEXC T_USDT