DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Gate+0.232%7-day average +0.203% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−0.505%−$51 · spread now +0.232%, 7d avg +0.203%

Together, before fees−0.609%−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.029% dearer against Gate than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of +0.203%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.104% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRIFT_USDT	0.01725	0.0100	pay 0.0050% / 4h	2h 55m	$124K	$238K	10x
Short	BloFin DRIFT-USDT	0.01729	0.0083	get 0.0041% / 4h	2h 55m	$153K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.232%Rate

Funding earned: −$3.66
Price spread: +0.232% → +0.203%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.78
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 6 min ago; BloFin: live order book, 61 min ago. Net counts fees only.

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, 6 min ago	8.70 bp	372.4 bp −$372	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 61 min ago	8.64 bp	30.7 bp −$31	140.0 bp −$1,400	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	−7.768%	—	$9K	5.5x	as long as short
BloFin DRIFT-USDTshort	+0.0083%	4h	0.01729	+0.232%	$153K	$10K	20x
Binance DRIFTUSDT	+0.0100%	4h	0.01723	−0.116%	$2.3M	$6.8M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01722	−0.174%	$2.3M	$2.9M	20x	as long as short
Gate DRIFT_USDTlong	+0.0100%	4h	0.01725	long leg	$124K	$238K	10x
MEXC DRIFT_USDT	+0.0100%	4h	0.01723	−0.116%	$411K	$169K	20x	as long as short
KuCoin DRIFTUSDTM	+0.0100%	4h	0.01719	−0.348%	$679K	$128K	20x	as long as short
Bitget DRIFTUSDT	+0.0100%	4h	0.01724	−0.058%	$532K	$363K	10x	as long as short
BingX DRIFT-USDT	+0.0100%	4h	0.01723	−0.116%	—	$6.6M	—	as long as short
Variational Omni DRIFT	+0.0100%	4h	0.01718	−0.421%	$23K	$6K	—	as long as short