Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget−0.027%7-day average +0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 3 days (all we have)+0.335%+$33 · spread now −0.027%, 7d avg +0.119%
=Funding pays, the price is against you. BloFin is 0.146% cheaper against Bitget than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.119%). If the spread goes back, that is −$15 on $10k: about 46 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.005% in total) that is about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALTUSDT | 0.007514 | 0.0100 | pay 0.0050% / 4h | 32m 39s | $617K | $100K | 50x |
| Short | BloFin ALT-USDT | 0.007512 | 0.0111 | get 0.0055% / 4h | 32m 39s | $171K | $10K | 50x |
Bitget ALTUSDT
BloFin ALT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $2.23
- Price spread: −0.027% → +0.119%
- −$14.56
- Slippage, 4 orders
- −$68.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$104.51
- Costs to cover
- 0.922%
- Break-even
- 334.8 days
Slippage from Bitget: live order book, 42 min ago; BloFin: live order book, 37 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 Bitget live order book, 42 min ago | 4.00 bp | 25.9 bp −$26 | 201.4 bp −$2,014 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 3.33 bp | 18.2 bp −$18 | 53.6 bp −$536 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | −0.0414% | 1h | 0.007526 | +0.160% | — | $0 | 25x | as long as short |
| Kraken Futures PF_ALTUSD | −0.0089% | 1h | 0.007528 | +0.193% | $44K | $8K | 10x | as long as short |
| Variational Omni ALT | −0.0023% | 4h | 0.007507 | −0.098% | $5K | $13K | — | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.770% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007520 | +0.080% | $1.1M | $184K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007525 | +0.146% | $2.6M | $3.6M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007517 | +0.040% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007511 | −0.040% | $51K | $411K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007523 | +0.120% | $401K | $185K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007526 | +0.160% | $149K | $21K | 30x | as long as short |
Deribit ALT_USDC-PERPETUAL
Kraken Futures PF_ALTUSD
Variational Omni ALT
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDTlong | +0.0100% | 4h | 0.007514 | long leg | $617K | $100K | 50x | |
| BingX ALT-USDT | +0.0100% | 4h | 0.007516 | +0.027% | — | $1.3M | — | as long as short |
| BloFin ALT-USDTshort | +0.0111% | 4h | 0.007512 | −0.027% | $171K | $10K | 50x | |
| Coinbase International ALT-PERP-INTX | +0.0416% | 1h | 0.007548 | +0.452% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
Coinbase International ALT-PERP-INTX