Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.009%
Price spread now: Gate against BloFin+0.075%108s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as 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−$1931.926% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 3 days (all we have)−0.205%−$20 · spread now +0.075%, 7d avg +0.034%
=The price spread pays, funding is against you. Gate is 0.041% dearer against BloFin than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.214% in total) that is about 32 hours. The two prices were read 108 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 ESP-USDT | 0.09389 | 0.0143 | pay 0.0072% / 4h | 35m 20s | $120K | $35K | 25x |
| Short | Gate ESP_USDT | 0.09396 | 0.0100 | get 0.0100% / 8h | 35m 20s | $169K | $609K | 50x |
BloFin ESP-USDT
Gate ESP_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
- −$9.08
- Price spread: +0.075% → +0.034%
- $4.05
- Slippage, 4 orders
- −$165.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$197.62
- Costs to cover
- 1.926%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; Gate: live order book, 41 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, 25 min ago | 5.85 bp | 12.4 bp −$12 | 38.2 bp −$382 | doesn't fit | doesn't fit |
| Sell Gate live order book, 41 min ago | 11.21 bp | 77.1 bp −$77 | doesn't fit | 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 | 0.09391 | +0.026% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09392 | +0.036% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09406 | +0.181% | $594K | $1.3M | 20x | as long as short |
| Gate ESP_USDTshort | +0.0100% | 8h | 0.09396 | +0.075% | $169K | $609K | 50x | |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09385 | −0.043% | $1.2M | $105K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09392 | +0.032% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09401 | +0.131% | $958K | $126K | 20x | as long as short |
| edgeX ESPUSDC | +0.0109% | 4h | 0.09385 | −0.039% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDTlong | +0.0143% | 4h | 0.09389 | long leg | $120K | $35K | 25x | |
| BingX ESP-USDT | +0.2564% | 4h | 0.09393 | +0.043% | — | $1.7M | — | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC
BingX ESP-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.2582% | 4h | 0.09362 | −0.288% | $1.1M | $589K | 50x | as long as short |
Bybit ESPUSDT