Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h −0.002%
Price spread now: Bitget against BloFin+0.173%75s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$1061.057% of the position
Funding, last 7 days+0.594%+$59 on $10k
+Price spread, last 3 days (all we have)−0.303%−$30 · spread now +0.173%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.203% dearer against BloFin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.030%. The two prices were read 75 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 AXL-USDT | 0.05200 | 0.0050 | pay 0.0025% / 4h | 27m 57s | $121K | $11K | 50x |
| Short | Bitget AXLUSDT | 0.05209 | 0.0100 | get 0.0050% / 4h | 27m 57s | $573K | $293K | 50x |
BloFin AXL-USDT
Bitget AXLUSDTFunding 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
- $10.44
- Price spread: +0.173% → −0.030%
- $20.32
- Slippage, 4 orders
- −$81.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$74.92
- Costs to cover
- 1.057%
- Break-even
- 57.2 days
Slippage from BloFin: live order book, 32 min ago; Bitget: live order book, 47 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, 32 min ago | 3.84 bp | 16.3 bp −$16 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 47 min ago | 5.76 bp | 40.3 bp −$40 | 221.2 bp −$2,212 | 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-USDTlong | +0.0050% | 4h | 0.05200 | long leg | $121K | $11K | 50x | |
| BingX AXL-USDT | +0.0070% | 4h | 0.05212 | +0.231% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05212 | +0.230% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05209 | +0.173% | $1.8M | $4.1M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05211 | +0.212% | $1.4M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05210 | +0.192% | $343K | $162K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05210 | +0.192% | $437K | $94K | 30x | as long as short |
| Bitget AXLUSDTshort | +0.0100% | 4h | 0.05209 | +0.173% | $573K | $293K | 50x | |
| Variational Omni AXL | +0.0100% | 4h | 0.05205 | +0.104% | $6K | $23K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Variational Omni AXL