Funding you earn now, next payment 08:00 UTC−0.0195%/8h= −21.4% APRnext payment −$1.95 per $10,000 · paid last 24h −0.039%
Price spread now: Binance against Gate+0.037%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.037%, 7d avg +0.017%
=The price spread pays, funding is against you. Binance is 0.020% dearer against Gate than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.017%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USDC_USDT | 0.9992 | 0.0061 | pay 0.0061% / 8h | 3h 10m | $253K | $39K | 50x |
| Short | Binance USDCUSDT | 0.9996 | −0.0134 | pay 0.0134% / 8h | 3h 10m | $4.7M | $4.5M | 50x |
Gate USDC_USDT
Binance USDCUSDTFunding 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
- −$40.99
- Price spread: +0.037% → +0.017%
- $2.05
- Slippage, 4 orders
- −$11.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$75.15
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Gate: live order book, 36 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, 36 min ago | 3.50 bp | 12.0 bp −$12 | 170.6 bp −$1,706 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.2 bp −$522 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0150% | 8h | 0.9991 | −0.014% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDTshort | −0.0134% | 8h | 0.9996 | +0.037% | $4.7M | $4.5M | 50x | |
| MEXC USDC_USDT | −0.0134% | 8h | 0.9996 | +0.037% | $20.8M | $751K | 200x | as long as short |
| Bitget USDCUSDT | −0.0118% | 8h | 0.9994 | +0.020% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0066% | 1h | 0.9997 | +0.054% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.090% | $9.5M | $345K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.079% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDTlong | +0.0061% | 8h | 0.9992 | long leg | $253K | $39K | 50x |
KuCoin USDCUSDTM
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP