Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.009%
Price spread now: BloFin against Bitget−0.118%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 3 days (all we have)+0.407%+$41 · spread now −0.118%, 7d avg −0.020%
=Funding pays, the price is against you. BloFin is 0.098% cheaper against Bitget than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.020%). If the spread goes back, that is −$10 on $10k: about 27 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.142%, 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 | Bitget ESPUSDT | 0.09383 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $956K | $123K | 20x |
| Short | BloFin ESP-USDT | 0.09372 | 0.0112 | get 0.0056% / 4h | 1h 56m | $120K | $35K | 25x |
Bitget ESPUSDT
BloFin ESP-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.5
- Price spread: −0.118% → −0.020%
- −$9.78
- Slippage, 4 orders
- −$59.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$91.18
- Costs to cover
- 0.839%
- Break-even
- 261.8 days
Slippage from Bitget: live order book, 24 min ago; BloFin: live order book, 16 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, 24 min ago | 14.31 bp | 25.5 bp −$25 | 94.0 bp −$940 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 0.53 bp | 14.5 bp −$14 | 34.8 bp −$348 | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09374 | −0.092% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09379 | −0.043% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09379 | −0.044% | $593K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09375 | −0.086% | $169K | $603K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09377 | −0.065% | $1.2M | $103K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09374 | −0.097% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDTlong | +0.0100% | 4h | 0.09383 | long leg | $956K | $123K | 20x | |
| edgeX ESPUSDC | +0.0104% | 4h | 0.09372 | −0.117% | $29K | $268K | 10x | as long as short |
| BloFin ESP-USDTshort | +0.0112% | 4h | 0.09372 | −0.118% | $120K | $35K | 25x | |
| BingX ESP-USDT | +0.3690% | 4h | 0.09379 | −0.044% | — | $1.6M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.3792% | 4h | 0.09366 | −0.182% | $1.1M | $583K | 50x | as long as short |
Bybit ESPUSDT