Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.012%
Price spread now: Coinbase International against Gate−0.188%50s7-day average −0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.766% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.188%, 7d avg −0.226%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.226%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BE_USDT | 271.10 | 0 | get 0.0000% / 8h | 2h 30m | $1.4M | $3.3M | 50x |
| Short | Coinbase International BE-PERP-INTX | 270.59 | 0.0056 | get 0.0007% / 1h | 30m 28s | $473K | $134K | 10x |
Gate BE_USDT
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $11.76
- Price spread: −0.188% → −0.226%
- $3.77
- Slippage, 4 orders
- −$51.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$61.05
- Costs to cover
- 0.766%
- Break-even
- 43.3 days
Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 18 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, 3 min ago | 3.69 bp | 16.0 bp −$16 | 58.1 bp −$581 | 89.9 bp −$8,988 | doesn't fit |
| Sell Coinbase International live order book, 18 min ago | 7.53 bp | 12.5 bp −$13 | 17.3 bp −$173 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BEUSDT | −0.0075% | 8h | 271.19 | +0.033% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.01 | −0.033% | $340K | $121K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.12 | +0.008% | $47K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.20 | +0.035% | $8.2M | $37.1M | 25x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 271.04 | −0.022% | $2.0M | $1.1M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.25 | +0.055% | $2.6M | $6.8M | 25x | as long as short |
| Gate BE_USDTlong | 0.0000% | 8h | 271.10 | long leg | $1.4M | $3.3M | 50x | |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 270.86 | −0.087% | $6K | $159K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 270.95 | −0.055% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 270.85 | −0.092% | $12K | $35K | 20x | as long as short |
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BE-USD | +0.0024% | 1h | 271.15 | +0.018% | $1.3M | $2.5M | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 270.89 | −0.077% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 271.02 | −0.030% | $244K | $293K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 270.86 | −0.089% | $113K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.03 | −0.026% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 271.04 | −0.022% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0056% | 1h | 270.59 | −0.188% | $473K | $134K | 10x | |
| Deribit BE_USDC-PERPETUAL | +0.0082% | 1h | 270.95 | −0.055% | $6K | $4K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.06 | −0.015% | $366K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 270.96 | −0.052% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.11 | +0.004% | $45K | $145K | 20x | as long as short |
QFEX BE-USD
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Deribit BE_USDC-PERPETUAL
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT