Funding you earn now, next payment 00:00 UTC−0.0438%/8h= −48.0% APRnext payment −$2.19 per $10,000 · paid last 24h −0.090%
Price spread now: Gate against Bitget−0.061%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2412.412% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 7 days−0.217%−$22 · spread now −0.061%, 7d avg −0.150%
=The price spread pays, funding is against you. Gate is 0.089% dearer against Bitget than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.150%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.183% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 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 | Bitget USUSDT | 0.01636 | 0.0538 | pay 0.0269% / 4h | 56m 48s | $4.3M | $249K | 10x |
| Short | Gate US_USDT | 0.01635 | 0.0100 | get 0.0050% / 4h | 56m 48s | $2.1M | $545K | 20x |
Bitget USUSDT
Gate US_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$91.98
- Price spread: −0.061% → −0.150%
- $8.92
- Slippage, 4 orders
- −$214.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$324.25
- Costs to cover
- 2.412%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: 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 Bitget live order book, 1 min ago | 14.93 bp | 40.4 bp −$40 | 425.5 bp −$4,255 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 15.88 bp | 81.1 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
US 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 USUSDTM | −0.0186% | 4h | 0.01634 | −0.086% | $4.2M | $278K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01640 | +0.269% | $3.2M | $859K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01635 | −0.061% | $2.1M | $545K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01638 | +0.158% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0416% | 4h | 0.01636 | 0.000% | $12K | $55K | 5x | as long as short |
| BloFin US-USDT | +0.0471% | 4h | 0.01639 | +0.183% | $477K | $49K | 10x | as long as short |
| BingX US-USDT | +0.0488% | 4h | 0.01639 | +0.196% | — | $1.3M | — | as long as short |
| MEXC US_USDT | +0.0502% | 4h | 0.01638 | +0.159% | $5.5M | $114K | 100x | as long as short |
| Extended US-USD | +0.0504% | 1h | 0.01638 | +0.143% | $4K | $141K | 5x | as long as short |
| Binance USUSDT | +0.0536% | 4h | 0.01638 | +0.169% | $9.2M | $3.1M | 10x | as long as short |
KuCoin USUSDTM
Bybit USUSDT
Variational Omni US
Aster USUSDT
BloFin US-USDT
BingX US-USDT
MEXC US_USDT
Extended US-USD
Binance USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTlong | +0.0538% | 4h | 0.01636 | long leg | $4.3M | $249K | 10x |