ERA Funding Rate Arbitrage
ERA funding pairs across exchanges
LIVEBoth 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 on Yieldo
Related Pages
ERA FAQ
What is funding rate arbitrage?
Is ERA funding arbitrage risk-free?
How is the annualized yield calculated?
Watch the ERA funding spread
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