Funding you earn now, next payment 22:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.167%
Price spread now: Bluefin against Gate−0.025%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.025%, 7d avg −0.019%
=The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.223%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTC_USDT | 86,660 | 0.0073 | pay 0.0073% / 8h | 2h 34m | $5.86B | $10.63B | 200x |
| Short | Bluefin BTC-PERP | 86,638.7 | 0.0100 | get 0.0013% / 1h | 34m 39s | $141K | $619K | 40x |
Gate BTC_USDT
Bluefin BTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Gate. 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
- $5.67
- Price spread: −0.025% → −0.019%
- −$0.58
- Slippage, 4 orders
- −$7.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$24.41
- Costs to cover
- 0.295%
- Break-even
- 37.1 days
Slippage from Gate: live order book, 4 min ago; Bluefin: live order book, 54 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, 4 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 9.6 bp −$964 | 16.4 bp −$8,191 |
| Sell Bluefin live order book, 54 min ago | 1.02 bp | 7.3 bp −$7 | 13.0 bp −$130 | doesn't fit | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0227% | 1h | 86,609.6 | −0.058% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,627.7 | −0.037% | $428K | $25.0M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,539 | −0.140% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0085% | 1h | 86,671.7 | +0.013% | $17.6M | $20.6M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,648 | −0.014% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,659.3 | −0.001% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,644.8 | −0.018% | $935.8M | $1.43B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 86,651.5 | −0.010% | $844.8M | $704.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,635 | −0.029% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,644.5 | −0.018% | $505.9M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,617.9 | −0.049% | $6.7M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,658.7 | −0.002% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0026% | 8h | 86,623.8 | −0.042% | $149.5M | $471.0M | 150x | as long as short |
| Bitget BTCUSDT | +0.0029% | 8h | 86,657.1 | −0.003% | $2.95B | $5.07B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,610.8 | −0.057% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.083% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0052% | 8h | 86,659.1 | −0.001% | $5.19B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0053% | 8h | 86,659.1 | −0.001% | $9.44B | $24.30B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,656.8 | −0.004% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0070% | 8h | 86,664.2 | +0.005% | $2.57B | $12.70B | 100x | as long as short |
| Gate BTC_USDTlong | +0.0073% | 8h | 86,660 | long leg | $5.86B | $10.63B | 200x | |
| Bybit BTCUSDT | +0.0081% | 8h | 86,660.9 | +0.001% | $5.28B | $9.67B | 150x | as long as short |
| Variational Omni BTC | +0.0092% | 8h | 86,584.3 | −0.087% | $160.0M | $567.1M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,666.1 | +0.007% | $172.2M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,672.1 | +0.014% | $24.0M | $153.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,639 | −0.024% | $8.5M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,707.5 | +0.055% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,635 | −0.029% | $195K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,595 | −0.075% | $21.6M | $235.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,717 | +0.066% | $3.82B | $5.12B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,686.5 | +0.031% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,654 | −0.007% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,716.2 | +0.065% | $7.5M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | −0.061% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,633.4 | −0.031% | $38.1M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.5 | −0.102% | $279.6M | $949.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,662 | +0.002% | $217.6M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,686.6 | +0.031% | $141.7M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,590.4 | −0.080% | $30.8M | $205.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,669.5 | +0.011% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,626 | −0.039% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,614 | −0.053% | $194K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,630.2 | −0.034% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERPshort | +0.0100% | 1h | 86,638.7 | −0.025% | $141K | $619K | 40x | |
| Derive BTC-PERP | +0.0100% | 1h | 86,618.3 | −0.048% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,608.9 | −0.059% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,608 | −0.060% | $60.5M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,608.6 | −0.059% | $2.30B | $957.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,651 | −0.010% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,624.1 | −0.041% | — | $98.3M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,645.2 | −0.017% | $189.2M | $930.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,653.1 | −0.008% | $131.9M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0123% | 8h | 86,624 | −0.042% | $9.0M | $723.3M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0172% | 8h | 86,606.7 | −0.062% | $416.8M | $650.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,629.2 | −0.036% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,617.4 | −0.049% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P