Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.074%
Price spread now: BloFin against Gate−0.056%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$830.829% of the position
Funding, last 7 days+0.552%+$55 on $10k
+Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.056%, 7d avg −0.031%
=Funding pays, the price is against you. BloFin is 0.025% cheaper against Gate than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.552% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7159 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1.7M | $2.1M | 75x |
| Short | BloFin ETHFI-USDT | 0.7155 | 0.0120 | get 0.0060% / 4h | 1h 17m | $1.2M | $290K | 75x |
Gate ETHFI_USDT
BloFin ETHFI-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
- $4.23
- Price spread: −0.056% → −0.031%
- −$2.53
- Slippage, 4 orders
- −$55.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.24
- Costs to cover
- 0.829%
- Break-even
- 141.3 days
Slippage from Gate: live order book, 6 min ago; BloFin: live order book, 5 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, 6 min ago | 2.79 bp | 29.6 bp −$30 | 223.4 bp −$2,234 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.09 bp | 15.0 bp −$15 | 33.3 bp −$333 | 87.6 bp −$8,757 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7157 | −0.028% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7171 | +0.174% | $281K | $148K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0219% | 4h | 0.7154 | −0.070% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0186% | 4h | 0.7154 | −0.070% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0027% | 8h | 0.7159 | −0.001% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | +0.0030% | 4h | 0.7154 | −0.070% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0030% | 4h | 0.7153 | −0.084% | $24.8M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7153 | −0.090% | $93K | $493K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.131% | $321 | $51K | 5.5x | as long as short |
| Bitget ETHFIUSDT | +0.0086% | 4h | 0.7158 | −0.014% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7151 | −0.113% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7163 | +0.049% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7168 | +0.122% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7155 | −0.054% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7158 | −0.014% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7159 | 0.000% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7159 | long leg | $1.7M | $2.1M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7161 | +0.028% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7157 | −0.028% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7166 | +0.092% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7159 | +0.006% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7157 | −0.028% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0120% | 4h | 0.7155 | −0.056% | $1.2M | $290K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.251% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX