Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRnext payment +$2.54 per $10,000 · paid last 24h +0.039%
Price spread now: Gate against Binance−0.049%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.049%, 7d avg −0.016%
=Funding pays, the price is against you. Gate is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.016%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.210% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USDCUSDT | 0.9995 | −0.0154 | get 0.0154% / 8h | 7h 10m | $4.4M | $3.8M | 50x |
| Short | Gate USDC_USDT | 0.9990 | 0.0100 | get 0.0100% / 8h | 7h 10m | $253K | $35K | 50x |
Binance USDCUSDT
Gate USDC_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
- $53.24
- Price spread: −0.049% → −0.016%
- −$3.35
- Slippage, 4 orders
- −$7.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $17.63
- Costs to cover
- 0.323%
- Break-even
- 4.7 days
Slippage from Binance: live order book, 12 min ago; Gate: live order book, 56 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, 12 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 7.7 bp −$768 | doesn't fit |
| Sell Gate live order book, 56 min ago | 2.50 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDTlong | −0.0154% | 8h | 0.9995 | long leg | $4.4M | $3.8M | 50x | |
| MEXC USDC_USDT | −0.0153% | 8h | 0.9995 | 0.000% | $19.4M | $588K | 200x | as long as short |
| Bitget USDCUSDT | −0.0147% | 8h | 0.9994 | −0.009% | $4.3M | $17K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0071% | 8h | 0.9990 | −0.045% | $2.5M | $19K | 30x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0021% | 1h | 0.9998 | +0.026% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.061% | $9.5M | $348K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.053% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0100% | 8h | 0.9990 | −0.049% | $253K | $35K | 50x |
MEXC USDC_USDT
Bitget USDCUSDT
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP