Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bitget−0.190%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days−0.560%−$56 on $10k
+Price spread, last 4 days (all we have)+0.374%+$37 · spread now −0.190%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.218% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AXLUSDT | 0.05251 | 0.0100 | pay 0.0050% / 4h | 3m 10s | $573K | $311K | 50x |
| Short | BloFin AXL-USDT | 0.05241 | 0.0063 | get 0.0032% / 4h | 3m 10s | $121K | $10K | 50x |
Bitget AXLUSDT
BloFin AXL-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
- −$7.68
- Price spread: −0.190% → +0.027%
- −$21.77
- Slippage, 4 orders
- −$92.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$145.87
- Costs to cover
- 1.164%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 52 min ago; BloFin: live order book, 26 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, 52 min ago | 5.70 bp | 21.0 bp −$21 | 81.9 bp −$819 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 4.78 bp | 28.1 bp −$28 | 90.1 bp −$901 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin AXL-USDTshort | +0.0063% | 4h | 0.05241 | −0.190% | $121K | $10K | 50x | |
| BingX AXL-USDT | +0.0070% | 4h | 0.05251 | 0.000% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05251 | −0.002% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05251 | −0.002% | $1.8M | $4.3M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05250 | −0.019% | $1.5M | $2.0M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05254 | +0.057% | $328K | $170K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05246 | −0.095% | $437K | $93K | 30x | as long as short |
| Bitget AXLUSDTlong | +0.0100% | 4h | 0.05251 | long leg | $573K | $311K | 50x | |
| Variational Omni AXL | +0.0100% | 4h | 0.05235 | −0.313% | $6K | $23K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Variational Omni AXL