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PLAY — funding rate on Gate
Gate · PLAY_USDT+0.064%per 4h · +0.016%/hshorts receive
last settlement+0.084%→upcoming payout+0.064%▼ cooling down
38:12settlement
1calmheat
Price (mark)
0.00862
-4.4% 24h
Vol 24h
$457K
Open interest
$78K
Price move in 2 min
—
avg 7d
+0.009%/h
avg 30d
+0.004%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $1.59 · $0.4/hour
- Net snipe per settlement
- $-2.41 = 0.064% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.40×needs 0.160%+ per settlement
- Liquidation price
- 0.010301 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 180 settlements
PLAY on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Aster | +0.079% / 4h | +0.020%/h | shorts | -0.081% |
| Binance | +0.076% / 4h | +0.019%/h | shorts | -0.084% |
| Gate ← you are here | +0.064% / 4h | +0.016%/h | shorts | -0.096% |
Aster+0.020%/h
shortsrate +0.079% / 4hsnipe -0.081%
Binance+0.019%/h
shortsrate +0.076% / 4hsnipe -0.084%
Gate← you are here+0.016%/h
shortsrate +0.064% / 4hsnipe -0.096%
Max spread across exchanges: +0.004%/h
PLAY across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
3 exchanges on one timeline
Binanceevery 4hAsterevery 4hGateevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0098%/h
widest spread
0.0293%/h
06.11 21:00 UTC · Binance ↔ Gate
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.