Funding you earn now, next payment 08:00 UTC−0.0588%/8h= −64.4% APRnext payment −$2.94 per $10,000 · paid last 24h −0.036%
Price spread now: BloFin against Gate−0.282%78s7-day average −0.224% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as 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−$780.777% of the position
Funding, last 7 days−0.725%−$73 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.282%, 7d avg −0.224%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and BloFin is 0.058% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.224%). Swap the legs. The two prices were read 78 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 FF_USDT | 0.1275 | 0.0698 | pay 0.0349% / 4h | 2h 31m | $26.9M | $1.3M | 50x |
| Short | BloFin FF-USDT | 0.1271 | 0.0110 | get 0.0055% / 4h | 2h 31m | $2.3M | $133K | 20x |
Gate FF_USDT
BloFin FF-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
- −$123.44
- Price spread: −0.282% → −0.224%
- −$5.84
- Slippage, 4 orders
- −$50.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$207.03
- Costs to cover
- 0.777%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago | 2.75 bp | 22.9 bp −$23 | 967.4 bp −$9,674 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.57 bp | 14.9 bp −$15 | 34.6 bp −$346 | doesn't fit | doesn't fit |
FF 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 FFUSDT | +0.0100% | 4h | 0.1274 | −0.076% | $1.2M | $26K | 5x | as long as short |
| Binance FFUSDT | +0.0100% | 4h | 0.1272 | −0.179% | $43.0M | $16.0M | 20x | as long as short |
| Bybit FFUSDT | +0.0100% | 4h | 0.1272 | −0.212% | $14.4M | $4.0M | 20x | as long as short |
| MEXC FF_USDT | +0.0100% | 4h | 0.1272 | −0.196% | $10.1M | $688K | 50x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1273 | −0.141% | $18.5M | $945K | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1273 | −0.165% | — | $6.6M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1269 | −0.479% | $2K | $1.1M | 20x | as long as short |
| BloFin FF-USDTshort | +0.0110% | 4h | 0.1271 | −0.282% | $2.3M | $133K | 20x | |
| KuCoin FFUSDTM | +0.0434% | 4h | 0.1275 | +0.031% | $8.5M | $4.2M | 20x | as long as short |
| Gate FF_USDTlong | +0.0698% | 4h | 0.1275 | long leg | $26.9M | $1.3M | 50x |
Aster FFUSDT
Binance FFUSDT
Bybit FFUSDT
MEXC FF_USDT
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDT
KuCoin FFUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FF | +0.0968% | 1h | 0.1277 | +0.165% | $135K | $27K | 3x | as long as short |
Lighter FF