COST

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.7% APRnext payment +$1.44 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate−0.033%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1891.893% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 2 days (all we have)+0.075%+$8 · spread now −0.033%, 7d avg +0.011%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.044% cheaper against Gate than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.011%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.018% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	898.94	0	get 0.0000% / 8h	1h 48m	$523K	$26K	25x
Short	Binance COSTUSDT	898.64	0.0144	get 0.0144% / 8h	1h 48m	$1.1M	$970K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now −0.033%Rate

Funding earned: $30.14
Price spread: −0.033% → +0.011%: −$4.4
Slippage, 4 orders: −$164.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$163.57
Costs to cover: 1.893%
Break-even: 45.0 days

Slippage from Gate: live order book, 33 min ago; Binance: live order book, 14 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, 33 min ago	20.83 bp	57.4 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.06 bp	16.3 bp −$16	93.4 bp −$934	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	898.21	−0.081%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.97	+0.003%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.68	+0.082%	$432K	$137K	10x	as long as short
Gate COST_USDTlong	0.0000%	8h	898.94	long leg	$523K	$26K	25x
Bitget COSTUSDT	0.0000%	8h	898.55	−0.043%	$398K	$125K	25x	as long as short
Variational Omni COST	0.0000%	8h	898.63	−0.034%	$42K	$19K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.40	−0.060%	$2K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.47	+0.170%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.774%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.071%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.35	−0.066%	—	—	25x	as long as short
QFEX COST-USD	+0.0048%	1h	898.65	−0.032%	$1.1M	$2.9M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.54	−0.044%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.90	−0.004%	$41K	$834K	20x	as long as short
Binance COSTUSDTshort	+0.0144%	8h	898.64	−0.033%	$1.1M	$970K	20x