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Funding arb · Price arb /

DKNG

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0779%/8h= −85.4% APRnext payment −$7.79 per $10,000 · paid last 24h −0.094%
Price spread now: Gate against Binance+0.131%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1751.746% of the position
Long on BinanceShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 2 days (all we have)−0.402%−$40 · spread now +0.131%, 7d avg +0.016%
Together, before fees−0.516%−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.115% dearer against Binance than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.016%): +$12 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.114% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DKNGUSDT22.1000.0779pay 0.0779% / 8h5h 04m$284K$634K20x
ShortGate DKNG_USDT22.1290get 0.0000% / 8h5h 04m$110K$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
−$163.69
Price spread: +0.131% → +0.016%
$11.51
Slippage, 4 orders
−$149.63
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$326.8
Costs to cover
1.746%
Break-even
never at this rate
Slippage from Binance: live order book, 72 min ago; Gate: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 72 min ago4.53 bp29.5 bp −$30140.4 bp −$1,404doesn't fitdoesn't fit
Sell Gate live order book, 50 min ago26.25 bp80.0 bp −$80doesn't fitdoesn't fitdoesn't fit

DKNG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DKNGUSDT0.0000%8h22.077−0.105%$1K$11K20xas long as short
Bybit DKNGUSDT0.0000%8h22.080−0.090%$81K$68K25xas long as short
Gate DKNG_USDTshort0.0000%8h22.129+0.131%$110K$6K20x
Bitget DKNGUSDT0.0000%8h22.102+0.009%$125K$68K20xas long as short
SunX DKNG-USDT0.0000%8h22.1000.000%$1K$693K10xas long as short
HTX DKNG-USDT0.0000%8h22.110+0.045%$6K$4K10xas long as short
Injective DKNG/USDC PERP+0.0033%1h21.990−0.498%$707$6K12xas long as short
OKX DKNG-USDT-SWAP+0.0188%8h22.120+0.090%$113K$114K20xas long as short
KuCoin DKNGUSDTM+0.0590%8h22.050−0.226%$89K$388K20xas long as short
Variational Omni DKNG+0.0693%8h22.106+0.026%$78K$51K—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance DKNGUSDTlong+0.0779%8h22.100long leg$284K$634K20x
tradeXYZ xyz:DKNG+0.0797%1h22.129+0.131%$1.8M$2.1M10xas long as short