Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.040%
Price spread now: Gate against Arcus−0.142%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$550.547% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.245%+$24 · spread now −0.142%, 7d avg +0.047%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.189% cheaper against Arcus than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BE-USD | 273.79 | 0.0040 | pay 0.0005% / 1h | 25m 40s | $114K | $109K | 10x |
| Short | Gate BE_USDT | 273.40 | 0 | get 0.0000% / 8h | 3h 25m | $1.4M | $3.4M | 50x |
Arcus BE-USD
Gate BE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Arcus. 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
- −$8.46
- Price spread: −0.142% → +0.047%
- −$18.92
- Slippage, 4 orders
- −$35.2
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$82.07
- Costs to cover
- 0.547%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 27 min ago; Gate: live order book, 2 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 Arcus live order book, 27 min ago | 4.00 bp | 8.5 bp −$9 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.65 bp | 17.1 bp −$17 | 50.5 bp −$505 | 79.3 bp −$7,932 | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 273.69 | −0.037% | $344K | $119K | 20x | as long as short |
| Gate BE_USDTshort | 0.0000% | 8h | 273.40 | −0.142% | $1.4M | $3.4M | 50x | |
| Bitget BEUSDT | 0.0000% | 8h | 273.42 | −0.135% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.48 | +0.252% | $7K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.01 | +0.080% | $1K | $2.4M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 273.55 | −0.088% | $7K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 273.90 | +0.040% | $12K | $35K | 20x | as long as short |
| Binance BEUSDT | +0.0021% | 8h | 273.47 | −0.117% | $8.4M | $36.7M | 25x | as long as short |
| Extended BE-USD | +0.0024% | 1h | 273.39 | −0.145% | $47K | $262K | 10x | as long as short |
| Bybit BEUSDT | +0.0027% | 8h | 273.61 | −0.066% | $2.0M | $1.1M | 25x | as long as short |
Aster BEUSDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
Binance BEUSDT
Extended BE-USD
Bybit BEUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 273.37 | −0.153% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 273.44 | −0.128% | $250K | $290K | 10x | as long as short |
| QFEX BE-USD | +0.0036% | 1h | 273.45 | −0.124% | $1.3M | $2.6M | 10x | as long as short |
| Arcus BE-USDlong | +0.0040% | 1h | 273.79 | long leg | $114K | $109K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.80 | +0.004% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 273.41 | −0.139% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.60 | −0.069% | $477K | $136K | 10x | as long as short |
| BloFin BE-USDT | +0.0100% | 8h | 274.02 | +0.084% | $45K | $142K | 20x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.65 | −0.051% | $370K | $20K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.67 | −0.045% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0113% | 8h | 273.60 | −0.069% | $2.7M | $6.8M | 25x | as long as short |
Lighter BE
Lighter RH BE
QFEX BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
BloFin BE-USDT
KuCoin BEUSDTM
Aevo BE-PERP
OKX BE-USDT-SWAP