Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.110%
Price spread now: Binance against Gate+0.037%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2042.043% of the position
Funding, last 7 days+0.346%+$35 on $10k
+Price spread, last 7 days+0.133%+$13 · spread now +0.037%, 7d avg +0.131%
=Funding pays, the price is against you. Binance is 0.094% cheaper against Gate than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.131%). If the spread goes back, that is −$9 on $10k: about 33 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.346% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate US_USDT | 0.01640 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $2.1M | $541K | 20x |
| Short | Binance USUSDT | 0.01640 | 0.0110 | get 0.0055% / 4h | 2h 31m | $9.2M | $3.1M | 10x |
Gate US_USDT
Binance USUSDTFunding 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
- $2.03
- Price spread: +0.037% → +0.131%
- −$9.42
- Slippage, 4 orders
- −$179.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$211.69
- Costs to cover
- 2.043%
- Break-even
- 737.5 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 8 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, 2 min ago | 12.81 bp | 56.3 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.61 bp | 29.5 bp −$29 | 203.2 bp −$2,032 | 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 | +0.0020% | 4h | 0.01644 | +0.226% | $4.2M | $273K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01642 | +0.132% | $12K | $54K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01640 | +0.037% | $3.2M | $826K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01640 | long leg | $2.1M | $541K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01647 | +0.429% | $16K | $3K | — | as long as short |
| BloFin US-USDT | +0.0106% | 4h | 0.01641 | +0.043% | $480K | $49K | 10x | as long as short |
| Binance USUSDTshort | +0.0110% | 4h | 0.01640 | +0.037% | $9.2M | $3.1M | 10x | |
| Extended US-USD | +0.0112% | 1h | 0.01640 | +0.018% | $4K | $141K | 5x | as long as short |
| MEXC US_USDT | +0.0118% | 4h | 0.01641 | +0.043% | $5.5M | $116K | 100x | as long as short |
| Bitget USUSDT | +0.0496% | 4h | 0.01643 | +0.171% | $4.3M | $243K | 10x | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Variational Omni US
BloFin US-USDT
Extended US-USD
MEXC US_USDT
Bitget USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0496% | 4h | 0.01641 | +0.043% | — | $1.3M | — | as long as short |
BingX US-USDT