Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.009%
Price spread now: BloFin against Gate−0.170%63s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as 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−$1921.918% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 3 days (all we have)+0.358%+$36 · spread now −0.170%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.137% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.214%, so the current rate has only just turned against you. The two prices were read 63 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 | Gate ESP_USDT | 0.09406 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $169K | $616K | 50x |
| Short | BloFin ESP-USDT | 0.09390 | 0.0051 | get 0.0026% / 4h | 1h 00m | $120K | $35K | 25x |
Gate ESP_USDT
BloFin ESP-USDTFunding 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
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
- −$10.21
- Price spread: −0.170% → −0.033%
- −$13.74
- Slippage, 4 orders
- −$164.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$215.74
- Costs to cover
- 1.918%
- Break-even
- never at this rate
Slippage from Gate: live order book, 16 min ago; BloFin: live order book, 72 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 Gate live order book, 16 min ago | 11.21 bp | 84.3 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 72 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ESP-USDTshort | +0.0051% | 4h | 0.09390 | −0.170% | $120K | $35K | 25x | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09402 | −0.044% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09404 | −0.025% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09408 | +0.021% | $594K | $1.3M | 20x | as long as short |
| Gate ESP_USDTlong | +0.0100% | 8h | 0.09406 | long leg | $169K | $616K | 50x | |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09402 | −0.043% | $1.2M | $106K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09411 | +0.053% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09404 | −0.019% | $958K | $122K | 20x | as long as short |
| edgeX ESPUSDC | +0.0102% | 4h | 0.09393 | −0.138% | $29K | $270K | 10x | as long as short |
| BingX ESP-USDT | +0.2842% | 4h | 0.09402 | −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 | +0.2908% | 4h | 0.09378 | −0.298% | $1.1M | $586K | 50x | as long as short |
Bybit ESPUSDT