BLESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0334%/8h= −36.6% APRnext payment −$1.67 per $10,000 · paid last 24h −0.040%

Price spread now: Bybit against Gate+0.022%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$360as in the Funding arb table

Net, price: spread back to 7d avg − costs−$375as in the Price arb table

costs, in and out, $10k−$3813.807% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.022%, 7d avg −0.038%

Together, before fees+0.476%+$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.059% dearer against Gate than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.038%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.206%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.67 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	Gate BLESS_USDT	0.009269	0.0434	pay 0.0217% / 4h	1h 03m	$878K	$769K	20x
Short	Bybit BLESSUSDT	0.009271	0.0100	get 0.0050% / 4h	1h 03m	$2.6M	$530K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$70.14
Price spread: +0.022% → −0.038%: $5.91
Slippage, 4 orders: −$354.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$444.93
Costs to cover: 3.807%
Break-even: never at this rate

Slippage from Gate: live order book, 14 min ago; Bybit: live order book, 9 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 Gate live order book, 14 min ago	3.24 bp	52.7 bp −$53	3223.1 bp −$32.2K	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	5.42 bp	122.8 bp −$123	doesn't fit	doesn't fit	doesn't fit

BLESS on 12 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
GRVT BLESS_USDT_Perp	0.0000%	4h	0.007339	−20.827%	$228K	$3K	10x	as long as short
Bybit BLESSUSDTshort	+0.0100%	4h	0.009271	+0.022%	$2.6M	$530K	13x
KuCoin BLESSUSDTM	+0.0100%	4h	0.009262	−0.076%	$2.3M	$189K	40x	as long as short
Variational Omni BLESS	+0.0100%	4h	0.009249	−0.213%	$8K	$2K	—	as long as short
SunX BLESS-USDT	+0.0100%	4h	0.009203	−0.712%	$2K	$680K	20x	as long as short
BloFin BLESS-USDT	+0.0301%	4h	0.009287	+0.194%	$459K	$172K	40x	as long as short
MEXC BLESS_USDT	+0.0302%	4h	0.009290	+0.227%	$7.2M	$641K	100x	as long as short
BingX BLESS-USDT	+0.0304%	4h	0.009257	−0.129%	—	$6.7M	—	as long as short
Binance BLESSUSDT	+0.0309%	4h	0.009289	+0.216%	$4.5M	$3.5M	40x	as long as short
Bitget BLESSUSDT	+0.0326%	4h	0.009283	+0.151%	$2.8M	$735K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BLESS_USDTlong	+0.0434%	4h	0.009269	long leg	$878K	$769K	20x
Aster BLESSUSDT	+0.0740%	4h	0.009258	−0.119%	$50K	$57K	5x	as long as short