Funding you earn now, next payment 08:00 UTC+0.0216%/8h= +23.7% APRnext payment +$2.16 per $10,000 · paid last 24h −0.048%
Price spread now: Binance against Gate−0.051%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.051%, 7d avg −0.010%
=Funding pays, the price is against you. Binance is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.010%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 196.65 | −0.0216 | get 0.0216% / 8h | 2h 49m | $1.2M | $7.3M | 50x |
| Short | Binance COINUSDT | 196.55 | 0 | get 0.0000% / 8h | 2h 49m | $14.7M | $80.7M | 20x |
Gate COIN_USDT
Binance COINUSDTFunding 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
- $45.36
- Price spread: −0.051% → −0.010%
- −$4.12
- Slippage, 4 orders
- −$19.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$3.65
- Costs to cover
- 0.449%
- Break-even
- 7.6 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 8 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, 4 min ago | 3.56 bp | 16.3 bp −$16 | 149.5 bp −$1,495 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.25 bp | 7.6 bp −$8 | 16.3 bp −$163 | 69.9 bp −$6,991 | doesn't fit |
COIN on 26 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 COINUSDT | −0.0730% | 8h | 196.63 | −0.010% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.41 | −0.122% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTlong | −0.0216% | 8h | 196.65 | long leg | $1.2M | $7.3M | 50x | |
| Vest COIN-USD-PERP | −0.0113% | 1h | 195.86 | −0.402% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.45 | −0.103% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.48 | −0.084% | $114K | $857K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 196.55 | −0.051% | $14.7M | $80.7M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 196.53 | −0.061% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.53 | −0.061% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.56 | −0.045% | $703K | $955K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.57 | −0.041% | $23K | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.52 | −0.066% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.48 | −0.086% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.50 | −0.076% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.54 | −0.056% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.37 | −0.142% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.42 | −0.117% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.46 | −0.097% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.36 | −0.147% | $351K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.43 | −0.112% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.29 | −0.183% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.44 | −0.107% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.51 | −0.071% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.53 | −0.061% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.60 | −0.025% | $188K | $394K | 20x | as long as short |
| edgeX COINUSDC | +0.0194% | 4h | 196.32 | −0.168% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC