Funding you earn now, next payment 08:00 UTC+0.0280%/8h= +30.7% APRnext payment +$2.80 per $10,000 · paid last 24h +0.002%
Price spread now: Gate against BloFin−0.065%108s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$625as 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−$6226.222% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.065%, 7d avg +0.022%
=Funding pays, the price is against you. Gate is 0.087% cheaper against BloFin than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.022%). If the spread goes back, that is −$9 on $10k: about 25 hours of funding at the current rate (+$8 a day). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ARPA-USDT | 0.01074 | 0.0125 | pay 0.0125% / 8h | 7h 41m | $138K | $23K | 50x |
| Short | Gate ARPA_USDT | 0.01074 | 0.0405 | get 0.0405% / 8h | 7h 41m | $66K | $121K | 25x |
BloFin ARPA-USDT
Gate ARPA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $58.8
- Price spread: −0.065% → +0.022%
- −$8.67
- Slippage, 4 orders
- −$595.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$572.08
- Costs to cover
- 6.222%
- Break-even
- 75.1 days
Slippage from BloFin: live order book, 15 min ago; Gate: live order book, 24 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, 15 min ago | 5.14 bp | 22.8 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 24 min ago | 9.35 bp | 331.0 bp −$331 | doesn't fit | doesn't fit | doesn't fit |
ARPA on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ARPAUSDT | +0.0100% | 8h | 0.01074 | −0.031% | $4K | $7K | 5x | as long as short |
| Binance ARPAUSDT | +0.0100% | 8h | 0.01074 | 0.000% | $2.1M | $1.6M | 50x | as long as short |
| Bybit ARPAUSDT | +0.0100% | 8h | 0.01074 | −0.037% | $275K | $217K | 25x | as long as short |
| MEXC ARPA_USDT | +0.0100% | 8h | 0.01075 | +0.019% | $274K | $124K | 125x | as long as short |
| KuCoin ARPAUSDTM | +0.0100% | 8h | 0.01074 | −0.037% | $309K | $188K | 30x | as long as short |
| Bitget ARPAUSDT | +0.0100% | 8h | 0.01074 | −0.047% | $486K | $249K | 50x | as long as short |
| BingX ARPA-USDT | +0.0100% | 8h | 0.01074 | −0.056% | — | $1.2M | — | as long as short |
| Variational Omni ARPA | +0.0100% | 8h | 0.01072 | −0.253% | $8K | $107 | — | as long as short |
| BloFin ARPA-USDTlong | +0.0125% | 8h | 0.01074 | long leg | $138K | $23K | 50x | |
| Gate ARPA_USDTshort | +0.0405% | 8h | 0.01074 | −0.065% | $66K | $121K | 25x |
Aster ARPAUSDT
Binance ARPAUSDT
Bybit ARPAUSDT
MEXC ARPA_USDT
KuCoin ARPAUSDTM
Bitget ARPAUSDT
BingX ARPA-USDT
Variational Omni ARPA