Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%
Price spread now: Gate against BloFin−0.174%78s7-day average −0.200% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,060as 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−$2,07020.703% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)+0.565%+$56 · spread now −0.174%, 7d avg −0.200%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.026% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.200%. The two prices were read 78 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 DRIFT-USDT | 0.01721 | 0.0049 | pay 0.0024% / 4h | 33m 46s | $152K | $9K | 20x |
| Short | Gate DRIFT_USDT | 0.01718 | 0.0100 | get 0.0050% / 4h | 33m 46s | $129K | $237K | 10x |
BloFin DRIFT-USDT
Gate DRIFT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $10.75
- Price spread: −0.174% → −0.200%
- $2.6
- Slippage, 4 orders
- −$2,043.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,056.95
- Costs to cover
- 20.703%
- Break-even
- 1345.8 days
Slippage from BloFin: live order book, 28 min ago; Gate: live order book, 38 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, 28 min ago | 2.90 bp | 29.6 bp −$30 | 131.9 bp −$1,319 | doesn't fit | doesn't fit |
| Sell Gate live order book, 38 min ago | 14.61 bp | 1242.2 bp −$1,242 | doesn't fit | 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 | −7.554% | — | $9K | 5.5x | as long as short |
| BloFin DRIFT-USDTlong | +0.0049% | 4h | 0.01721 | long leg | $152K | $9K | 20x | |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01722 | +0.029% | $2.3M | $6.8M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01716 | −0.291% | $2.3M | $2.9M | 20x | as long as short |
| Gate DRIFT_USDTshort | +0.0100% | 4h | 0.01718 | −0.174% | $129K | $237K | 10x | |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01719 | −0.116% | $410K | $179K | 20x | as long as short |
| KuCoin DRIFTUSDTM | +0.0100% | 4h | 0.01719 | −0.116% | $681K | $130K | 20x | as long as short |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01720 | −0.058% | $532K | $357K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01717 | −0.232% | — | $6.7M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01722 | +0.076% | $23K | $6K | — | as long as short |
Injective DRIFT/USDC PERP
Binance DRIFTUSDT
Bybit DRIFTUSDT
MEXC DRIFT_USDT
KuCoin DRIFTUSDTM
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT