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ERA Funding Rate Arbitrage

Delta-neutral, not risk-free: funding can flip, and you need margin on both legs (liquidation risk on either exchange). Yields are annualized from the current funding spread and change every funding interval.

ERA funding pairs across exchanges

LIVE

Both legs of every pair use rates from the same moment. The spread is the hourly funding rate of the short leg minus the long leg; the annual figure is the hourly spread × 8760 at the rates shown. The result covers 30 days on 5,000 USDT per leg with the venues’ public taker fees; the order-book spread and slippage on execution are not included.

Long Short Spread per hour Annual (hourly × 8760) Status Result for 30 days
Gate.io ERA_USDT Aster ERAUSDT +0.047308%/h ≈ +414.42% APR from known costs +1,671.68 USDT
KuCoin ERAUSDTM Aster ERAUSDT +0.046183%/h ≈ +404.57% APR from known costs +1,635.14 USDT
Gate.io ERA_USDT Bitget ERAUSDT +0.041525%/h ≈ +363.76% APR from known costs +1,461.52 USDT
KuCoin ERAUSDTM Bitget ERAUSDT +0.040400%/h ≈ +353.90% APR from known costs +1,424.98 USDT
Gate.io ERA_USDT MEXC ERA_USDT +0.035425%/h ≈ +310.32% APR from known costs +1,244.45 USDT
KuCoin ERAUSDTM MEXC ERA_USDT +0.034300%/h ≈ +300.47% APR from known costs +1,207.92 USDT
Gate.io ERA_USDT Binance ERAUSDT +0.033406%/h ≈ +292.64% APR from known costs +1,158.71 USDT
KuCoin ERAUSDTM Binance ERAUSDT +0.032281%/h ≈ +282.78% APR from known costs +1,122.23 USDT
Binance ERAUSDT Aster ERAUSDT +0.013902%/h ≈ +121.78% APR from known costs +500.34 USDT
MEXC ERA_USDT Aster ERAUSDT +0.011883%/h ≈ +104.10% APR from known costs +422.98 USDT
Binance ERAUSDT Bitget ERAUSDT +0.008119%/h ≈ +71.12% APR from known costs +290.51 USDT
MEXC ERA_USDT Bitget ERAUSDT +0.006100%/h ≈ +53.44% APR from known costs +212.83 USDT
Bitget ERAUSDT Aster ERAUSDT +0.005783%/h ≈ +50.66% APR from known costs +198.19 USDT
Binance ERAUSDT MEXC ERA_USDT +0.002019%/h ≈ +17.69% APR from known costs +74.00 USDT
Gate.io ERA_USDT KuCoin ERAUSDTM +0.001125%/h ≈ +9.86% APR from known costs +24.63 USDT
Aster ERAUSDT BingX ERA-USDT +0.117517%/h ≈ +1,029.45% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
KuCoin ERAUSDTM BingX ERA-USDT +0.163700%/h ≈ +1,434.01% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Gate.io ERA_USDT BingX ERA-USDT +0.164825%/h ≈ +1,443.87% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
MEXC ERA_USDT BingX ERA-USDT +0.129400%/h ≈ +1,133.54% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bitget ERAUSDT BingX ERA-USDT +0.123300%/h ≈ +1,080.11% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT Aster ERAUSDT +0.176974%/h ≈ +1,550.29% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT BingX ERA-USDT +0.294491%/h ≈ +2,579.74% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT Bitget ERAUSDT +0.171191%/h ≈ +1,499.63% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT Gate.io ERA_USDT +0.129666%/h ≈ +1,135.87% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT KuCoin ERAUSDTM +0.130791%/h ≈ +1,145.73% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT MEXC ERA_USDT +0.165091%/h ≈ +1,446.19% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Binance ERAUSDT BingX ERA-USDT +0.131419%/h ≈ +1,151.23% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.
Bybit ERAUSDT Binance ERAUSDT +0.163072%/h ≈ +1,428.51% APR extreme rate from known costs —Execution costs (spread and slippage) are not estimated.

ERA: scenario for the top pair

ERA · long Gate.io ERA_USDT · short Aster ERAUSDT · 5,000 per leg · 30 days

Result from known costs

Some costs are unknown, so the total is incomplete. Missing:

  • Execution costs (spread and slippage) are not estimated.

Result from known costs

+1,671.68 USDT

30d

Rates

Rate spread per hour
+0.047308%/h
Spread, annualized
≈ +414.42% APR
Instrument Rate per period Rate kind Per hour Annual (hourly × 8760) Who pays Next settlement
ERA_USDT · Gate.io -0.762100% per 4h current, accruing -0.190525%/h ≈ −1,669.00% APR long receives from exchange data
ERAUSDT · Aster -0.572867% per 4h current, accruing -0.143217%/h ≈ −1,254.58% APR short pays from exchange data
  • Annual = hourly rate × 8760 h — the rate shown, stretched over a year.

Costs and result

Funding over 30d
+1,683.16 USDT
Trading fee, Gate.io, entry
−3.74 USDT taker · 0.0750% · the venue’s fee for this contract
Trading fee, Gate.io, exit
−3.74 USDT taker · 0.0750% · the venue’s fee for this contract
Trading fee, Aster, entry
−2.00 USDT taker · 0.0400% · venue public base fee
Trading fee, Aster, exit
−2.00 USDT taker · 0.0400% · venue public base fee
Spread and slippage, Gate.io, entry
—Execution costs (spread and slippage) are not estimated.
Spread and slippage, Gate.io, exit
—Execution costs (spread and slippage) are not estimated.
Spread and slippage, Aster, entry
—Execution costs (spread and slippage) are not estimated.
Spread and slippage, Aster, exit
—Execution costs (spread and slippage) are not estimated.
Result from known costs
+1,671.68 USDT

Break-even

Calendar break-even
Oct 24, 2026 19:00 MSK (16:00 UTC)
Approximation: costs ÷ daily funding flow
≈ 0.20 days
Funding spread to break even over 30d
0.007652%/day
  • Break-even uses known costs only, so it is not the full break-even.

Rate history

Full history since
Payments in history
360
History coverage
33.33%
Window Status Mean spread (time-weighted) Sum of settled rates Share of positive periods Sign changes Payments · coverage Reasons
24 h from known costs +0.023464%/h —There is not enough rate history for this metric. 20.00% 1 10 · 83.33% There is not enough rate history for this metric.
7 days from known costs +0.014280%/h +1.125446% 100.00% 0 84 · 100.00% Rates are unknown for part of the period: the metric uses known values only.
30 days from known costs +0.015575%/h +1.394033% 56.67% 8 360 · 100.00% There is not enough rate history for this metric.
90 days from known costs +0.015575%/h —There is not enough rate history for this metric. 56.67% 8 360 · 33.33% There is not enough rate history for this metric.
  • The funding path is hypothetical: fixed size, no price changes, fees or liquidations.

Data and assumptions

Gate.io rate
Aster rate
Valid until
  • Gate.io: The venue’s forecast repeats the current rate and is not counted separately.
  • Aster: The venue does not document whether this is the current rate or a forecast: the kind is determined from its actual data.
  • The pair’s rates come from the shared list update and were not rechecked separately.
  • A payment at the opening moment is outside the period; a payment at the closing moment is inside.
  • Quantity = notional ÷ the higher of the leg prices.
  • The price funding is calculated from does not change until the payment.
  • The current rate stays unchanged in repeats.
  • The funding interval does not change.
  • Capital is already on the venues: no entry transfer; return and rebalancing are not included.
  • The exit price equals the current price: exit notional and fee are as of now.
  • Margin equals the leg notional (1× leverage).
  • Reserve on the venue is 0.
  • Margin equals the leg notional (1× leverage).
  • Reserve on the venue is 0.

Each button opens one leg of this calculation on its venue.

ERA pairs over the last 7 days

Past days, not current opportunities. Days and times are MSK.

Last usable pair: Oct 24, 2026 11:55 MSK (08:55 UTC), long Gate.io ERA_USDT / short Aster ERAUSDT, +0.047308%/h.

Day Updates with a pair Most pairs at once Widest spread Pair
72 28 +0.114100%/h long MEXC ERA_USDT / short BingX ERA-USDT
144 28 +0.113611%/h long Bybit ERAUSDT / short Bitget ERAUSDT
139 28 +0.113877%/h long Bybit ERAUSDT / short Gate.io ERA_USDT
141 28 +0.114050%/h long Bitget ERAUSDT / short Bybit ERAUSDT
20 28 +0.107000%/h long BingX ERA-USDT / short MEXC ERA_USDT

How funding rate arbitrage works

A perpetual futures contract pays a periodic funding rate between longs and shorts. When two exchanges show different funding rates for the same coin, you can go long where funding is low (or negative) and short where it is high — staying delta-neutral on price while collecting the funding spread. Yieldo scans live rates across all supported exchanges and ranks the best long/short pairs after fees.

ERA spot arbitrage

ERA on Yieldo

Related Pages

ERA FAQ

What is funding rate arbitrage?
It is a delta-neutral strategy: you open a long position where the perpetual funding rate is low or negative and a short of the same size where funding is high. Price moves cancel out, and you collect the difference in funding payments.
Is ERA funding arbitrage risk-free?
No. It is market-neutral, not risk-free. Funding rates can flip before the next payment, both legs require margin (liquidation risk), and exchange or transfer issues can break the hedge. Treat the annualized yield as indicative, not guaranteed.
How is the annualized yield calculated?
We take the current funding-rate spread between the two exchanges and annualize it by the number of funding intervals per year for each contract. Actual returns depend on how long the spread persists.

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