Funding you earn now, next payment 08:00 UTC−0.0216%/8h= −23.7% APRnext payment −$2.16 per $10,000 · paid last 24h +0.111%
Price spread now: Binance against Gate−0.018%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$366as in the Funding arb table
Net, price: spread back to 7d avg − costs−$379as in the Price arb table
costs, in and out, $10k−$3743.743% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)−0.362%−$36 · spread now −0.018%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.044% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.16 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 APP_USDT | 329.20 | 0 | get 0.0000% / 8h | 1h 54m | $776K | $634K | 25x |
| Short | Binance APPUSDT | 329.14 | −0.0216 | pay 0.0216% / 8h | 1h 54m | $3.0M | $3.8M | 25x |
Gate APP_USDT
Binance APPUSDTFunding 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
- −$45.45
- Price spread: −0.018% → +0.025%
- −$4.37
- Slippage, 4 orders
- −$349.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$424.12
- Costs to cover
- 3.743%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 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, 52 min ago | 12.15 bp | 195.5 bp −$196 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.28 bp | 30.6 bp −$31 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
APP on 6 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 APPUSDTshort | −0.0216% | 8h | 329.14 | −0.018% | $3.0M | $3.8M | 25x | |
| OKX APP-USDT-SWAP | 0.0000% | 8h | 329.15 | −0.015% | $417K | $384K | 25x | as long as short |
| Gate APP_USDTlong | 0.0000% | 8h | 329.20 | long leg | $776K | $634K | 25x | |
| Bitget APPUSDT | 0.0000% | 8h | 329.03 | −0.052% | $559K | $555K | 20x | as long as short |
| HTX APP-USDT | 0.0000% | 8h | 329.06 | −0.043% | $9K | $241K | 10x | as long as short |
| Extended APP_24_5-USD | +0.0040% | 1h | 329.11 | −0.029% | $23K | $6K | 10x | as long as short |
OKX APP-USDT-SWAP
Bitget APPUSDT
HTX APP-USDT
Extended APP_24_5-USD