Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Gate−0.458%78s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$565as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5595.589% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.612%+$61 · spread now −0.458%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.427% cheaper against Gate than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate A_USDT | 0.09381 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $234K | $78K | 50x |
| Short | BloFin A-USDT | 0.09338 | 0.0062 | get 0.0031% / 4h | 1h 03m | $148K | $7K | 75x |
Gate A_USDT
BloFin A-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.88
- Price spread: −0.458% → −0.031%
- −$42.73
- Slippage, 4 orders
- −$531.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$609.48
- Costs to cover
- 5.589%
- Break-even
- never at this rate
Slippage from Gate: live order book, 33 min ago; BloFin: live order book, 6 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 | 6.97 bp | 225.8 bp −$226 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.60 bp | 19.8 bp −$20 | 66.2 bp −$662 | doesn't fit | doesn't fit |
A on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective A/USDC PERP | +0.0033% | 1h | 0.08945 | −4.648% | $1K | $5 | 5.5x | as long as short |
| BloFin A-USDTshort | +0.0062% | 4h | 0.09338 | −0.458% | $148K | $7K | 75x | |
| Binance AUSDT | +0.0100% | 4h | 0.09379 | −0.021% | $2.9M | $3.2M | 75x | as long as short |
| Bybit AUSDT | +0.0100% | 4h | 0.09364 | −0.181% | $3.2M | $977K | 50x | as long as short |
| OKX A-USDT-SWAP | +0.0100% | 4h | 0.09386 | +0.053% | $752K | $525K | 10x | as long as short |
| Gate A_USDTlong | +0.0100% | 4h | 0.09381 | long leg | $234K | $78K | 50x | |
| MEXC A_USDT | +0.0100% | 4h | 0.09377 | −0.043% | $4.1M | $145K | 100x | as long as short |
| KuCoin AUSDTM | +0.0100% | 4h | 0.09386 | +0.053% | $683K | $46K | 75x | as long as short |
| Bitget AUSDT | +0.0100% | 4h | 0.09382 | +0.011% | $905K | $180K | 75x | as long as short |
| BingX A-USDT | +0.0100% | 4h | 0.09371 | −0.107% | — | $6.5M | — | as long as short |
Injective A/USDC PERP
Binance AUSDT
Bybit AUSDT
OKX A-USDT-SWAP
MEXC A_USDT
KuCoin AUSDTM
Bitget AUSDT
BingX A-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni A | +0.0100% | 4h | 0.09328 | −0.566% | $1K | $1 | — | as long as short |
Variational Omni A