Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.99 per $10,000 · paid last 24h −0.016%
Price spread now: Gate against BloFin−0.379%48s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$460.455% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.379%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.366% cheaper against BloFin than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 48 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 FIL-USDT | 1.0020 | 0.0199 | pay 0.0199% / 8h | 4h 52m | $2.8M | $650K | 75x |
| Short | Gate FIL_USDT | 0.9982 | 0.0100 | get 0.0100% / 8h | 4h 52m | $8.5M | $16.4M | 50x |
BloFin FIL-USDT
Gate FIL_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
- −$20.78
- Price spread: −0.379% → −0.013%
- −$36.65
- Slippage, 4 orders
- −$18.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$102.96
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Gate: 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 BloFin live order book, 6 min ago | 0.50 bp | 7.2 bp −$7 | 15.7 bp −$157 | 53.5 bp −$5,348 | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.50 bp | 19.3 bp −$19 | 30.4 bp −$304 | 49.6 bp −$4,956 | 79.4 bp −$39.7K |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0447% | 1h | 1.0033 | +0.130% | $173K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 1.0020 | 0.000% | $380K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 0.9970 | −0.499% | $18.8M | $102.5M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0014% | 8h | 0.9987 | −0.329% | $7.4M | $7.4M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 0.9980 | −0.395% | $27K | — | 150x | as long as short |
| ApeX Omni FILUSDT | 0.0000% | 1h | 0.9980 | −0.399% | $30K | $182K | 50x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0002 | −0.179% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.647% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0024 | +0.038% | $1.4M | $2.3M | 50x | as long as short |
| Binance FILUSDT | +0.0079% | 8h | 0.9972 | −0.479% | $57.9M | $181.1M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
ApeX Omni FILUSDT
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0080% | 1h | 0.9981 | −0.390% | $708K | $3.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0086% | 8h | 0.9979 | −0.409% | $242K | $102K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9999 | −0.213% | $158K | $354K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9981 | −0.385% | $8.5M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9989 | −0.309% | $516K | $586K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9974 | −0.459% | $15.7M | $19.8M | 25x | as long as short |
| Gate FIL_USDTshort | +0.0100% | 8h | 0.9982 | −0.379% | $8.5M | $16.4M | 50x | |
| Bitget FILUSDT | +0.0100% | 8h | 0.9969 | −0.509% | $11.0M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9976 | −0.439% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0034 | +0.138% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0033 | +0.128% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0016 | −0.043% | $302K | $927K | 10x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9985 | −0.353% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0020 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0020 | 0.000% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0026 | +0.060% | $626K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0020 | 0.000% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDTlong | +0.0199% | 8h | 1.0020 | long leg | $2.8M | $650K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9980 | −0.401% | $266K | — | 100x | as long as short |
Extended FIL-USD
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]