ATH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against BloFin−0.293%63s7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as 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−$2012.012% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.293%, 7d avg −0.171%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.122% cheaper against BloFin than usual: you would sell low and buy high (spread −0.293% now, against its 7-day average of −0.171%). If the spread goes back, that is −$12 on $10k: about 7.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.002% in total) that is about 16 months. The two prices were read 63 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 ATH-USDT	0.005456	0.0046	pay 0.0023% / 4h	2h 41m	$164K	$67K	75x
Short	Gate ATH_USDT	0.005440	0.0100	get 0.0050% / 4h	2h 41m	$778K	$598K	30x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now −0.293%Rate

Funding earned: $11.25
Price spread: −0.293% → −0.171%: −$12.21
Slippage, 4 orders: −$174.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$202.13
Costs to cover: 2.012%
Break-even: 132.7 days

Slippage from BloFin: live order book, 38 min ago; Gate: live order book, 5 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, 38 min ago	4.55 bp	21.8 bp −$22	60.1 bp −$601	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.50 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.1946%	1h	0.005443	−0.231%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0133%	4h	0.005456	−0.008%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005459	+0.053%	$11K	$59	5x	as long as short
BloFin ATH-USDTlong	+0.0046%	4h	0.005456	long leg	$164K	$67K	75x
Aster ATHUSDT	+0.0100%	4h	0.005450	−0.107%	$5K	$40K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005447	−0.165%	$3.2M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005437	−0.348%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005440	−0.293%	$702K	$1.3M	20x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005440	−0.293%	$778K	$598K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005446	−0.183%	$8.8M	$644K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ATHUSDTM	+0.0100%	4h	0.005449	−0.128%	$547K	$79K	30x	as long as short
Bitget ATHUSDT	+0.0100%	4h	0.005447	−0.165%	$1.5M	$918K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005441	−0.275%	—	$21.4M	—	as long as short