DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bitget+0.282%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$538as in the Funding arb table

Net, price: spread back to 7d avg − costs−$511as in the Price arb table

costs, in and out, $10k−$5365.357% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.900%−$90 · spread now +0.282%, 7d avg +0.034%

Together, before fees−0.921%−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.248% dearer against Bitget than usual: you sell high and buy low (spread +0.282% now, against its 7-day average of +0.034%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.022% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRIFTUSDT	0.01774	0.0100	pay 0.0050% / 4h	2h 39m	$545K	$372K	10x
Short	BloFin DRIFT-USDT	0.01779	0.0058	get 0.0029% / 4h	2h 39m	$162K	$10K	20x

Funding 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 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.282%Rate

Funding earned: −$8.72
Price spread: +0.282% → +0.034%: $24.79
Slippage, 4 orders: −$511.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$519.62
Costs to cover: 5.357%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; BloFin: live order book, 40 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, 6 min ago	5.59 bp	215.9 bp −$216	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	2.76 bp	43.1 bp −$43	139.1 bp −$1,391	doesn't fit	doesn't fit

DRIFT on 10 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
Injective DRIFT/USDC PERP	+0.0033%	1h	0.01591	−10.316%	—	$9K	5.5x	as long as short
BloFin DRIFT-USDTshort	+0.0058%	4h	0.01779	+0.282%	$162K	$10K	20x
Binance DRIFTUSDT	+0.0100%	4h	0.01777	+0.169%	$2.5M	$6.7M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01773	−0.039%	$2.3M	$2.8M	20x	as long as short
Gate DRIFT_USDT	+0.0100%	4h	0.01773	−0.056%	$118K	$248K	10x	as long as short
MEXC DRIFT_USDT	+0.0100%	4h	0.01771	−0.169%	$420K	$167K	20x	as long as short
KuCoin DRIFTUSDTM	+0.0100%	4h	0.01772	−0.113%	$696K	$132K	20x	as long as short
Bitget DRIFTUSDTlong	+0.0100%	4h	0.01774	long leg	$545K	$372K	10x
BingX DRIFT-USDT	+0.0100%	4h	0.01776	+0.113%	—	$6.6M	—	as long as short
Variational Omni DRIFT	+0.0100%	4h	0.01774	−0.016%	$24K	$6K	—	as long as short