Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BloFin−0.160%105s7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as 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−$1081.080% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)−0.731%−$73 · spread now −0.160%, 7d avg −0.120%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.041% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.120%). Swap the legs. The two prices were read 105 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 | BloFin ALT-USDT | 0.007482 | 0.0117 | pay 0.0058% / 4h | 2h 57m | $173K | $9K | 50x |
| Short | Bitget ALTUSDT | 0.007470 | 0.0100 | get 0.0050% / 4h | 2h 57m | $615K | $102K | 50x |
BloFin ALT-USDT
Bitget ALTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$3.51
- Price spread: −0.160% → −0.120%
- −$4.09
- Slippage, 4 orders
- −$84.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$115.61
- Costs to cover
- 1.080%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 24 min ago; Bitget: live order book, 27 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 BloFin live order book, 24 min ago | 2.67 bp | 16.4 bp −$16 | 61.2 bp −$612 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 27 min ago | 7.34 bp | 36.2 bp −$36 | 182.7 bp −$1,827 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALTUSDT | −0.0887% | 4h | 0.007470 | −0.160% | $1.2M | $1.6M | 25x | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0552% | 1h | 0.007479 | −0.040% | — | $0 | 25x | as long as short |
| Variational Omni ALT | −0.0412% | 4h | 0.007477 | −0.065% | $4K | $12K | — | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.350% | $815 | $4K | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007478 | −0.053% | $1.1M | $187K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007481 | −0.013% | $2.6M | $3.5M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007479 | −0.040% | $50K | $412K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007478 | −0.053% | $399K | $194K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007479 | −0.040% | $150K | $22K | 30x | as long as short |
| Bitget ALTUSDTshort | +0.0100% | 4h | 0.007470 | −0.160% | $615K | $102K | 50x |
Bybit ALTUSDT
Deribit ALT_USDC-PERPETUAL
Variational Omni ALT
Injective ALT/USDC PERP
Hyperliquid ALT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007473 | −0.120% | — | $1.3M | — | as long as short |
| BloFin ALT-USDTlong | +0.0117% | 4h | 0.007482 | long leg | $173K | $9K | 50x | |
| Kraken Futures PF_ALTUSD | +0.0200% | 1h | 0.007489 | +0.100% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0384% | 1h | 0.007512 | +0.401% | $14K | $2K | 50x | as long as short |
BingX ALT-USDT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX