Funding you earn now, next payment 04:00 UTC+0.0306%/8h= +33.5% APRnext payment +$1.53 per $10,000 · paid last 24h +0.109%
Price spread now: Bitget against Gate+0.300%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2362.357% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now +0.300%, 7d avg +0.150%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bitget is 0.150% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.150%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.53 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 US_USDT | 0.01634 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $2.0M | $565K | 20x |
| Short | Bitget USUSDT | 0.01639 | 0.0406 | get 0.0203% / 4h | 3h 17m | $4.3M | $250K | 10x |
Gate US_USDT
Bitget USUSDTFunding 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
- $64.26
- Price spread: +0.300% → +0.150%
- $14.99
- Slippage, 4 orders
- −$208.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$156.43
- Costs to cover
- 2.357%
- Break-even
- 24.0 days
Slippage from Gate: live order book, 5 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, 5 min ago | 12.49 bp | 74.4 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 13.73 bp | 39.1 bp −$39 | 231.3 bp −$2,313 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01638 | +0.257% | $3.2M | $879K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01634 | long leg | $2.0M | $565K | 20x | |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01633 | −0.061% | $4.2M | $276K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01639 | +0.308% | $16K | $3K | — | as long as short |
| Bitget USUSDTshort | +0.0406% | 4h | 0.01639 | +0.300% | $4.3M | $250K | 10x | |
| Aster USUSDT | +0.0753% | 4h | 0.01635 | +0.056% | $12K | $53K | 5x | as long as short |
| BloFin US-USDT | +0.0780% | 4h | 0.01636 | +0.135% | $478K | $49K | 10x | as long as short |
| BingX US-USDT | +0.0784% | 4h | 0.01638 | +0.239% | — | $1.3M | — | as long as short |
| Extended US-USD | +0.0800% | 1h | 0.01637 | +0.152% | $4K | $101K | 5x | as long as short |
| Binance USUSDT | +0.0800% | 4h | 0.01638 | +0.206% | $9.1M | $3.1M | 10x | as long as short |
Bybit USUSDT
KuCoin USUSDTM
Variational Omni US
Aster USUSDT
BloFin US-USDT
BingX US-USDT
Extended US-USD
Binance USUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC US_USDT | +0.0812% | 4h | 0.01637 | +0.196% | $5.5M | $114K | 100x | as long as short |
MEXC US_USDT