Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance0.000%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1541.545% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now 0.000%, 7d avg +0.067%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.067% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GOATUSDT | 0.01857 | 0.0587 | pay 0.0293% / 4h | 3h 56m | $1.8M | $2.8M | 25x |
| Short | BloFin GOAT-USDT | 0.01857 | 0.0576 | get 0.0288% / 4h | 3h 56m | $119K | $10K | 25x |
Binance GOATUSDT
BloFin GOAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$2.26
- Price spread: 0.000% → +0.067%
- −$6.72
- Slippage, 4 orders
- −$132.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$163.43
- Costs to cover
- 1.545%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 32 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 Binance live order book, 9 min ago | 5.39 bp | 50.6 bp −$51 | 610.2 bp −$6,102 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 32 min ago | 2.70 bp | 22.4 bp −$22 | 103.8 bp −$1,038 | doesn't fit | doesn't fit |
GOAT 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid GOAT | +0.0100% | 1h | 0.01856 | −0.032% | $1.2M | $455K | 3x | as long as short |
| Bybit GOATUSDT | +0.0100% | 4h | 0.01851 | −0.350% | $1.9M | $1.0M | 25x | as long as short |
| Gate GOAT_USDT | +0.0100% | 4h | 0.01854 | −0.135% | $282K | $174K | 25x | as long as short |
| KuCoin GOATUSDTM | +0.0100% | 4h | 0.01853 | −0.215% | $368K | $136K | 30x | as long as short |
| Variational Omni GOAT | +0.0100% | 4h | 0.01860 | +0.171% | $6K | $18K | — | as long as short |
| BingX GOAT-USDT | +0.0572% | 4h | 0.01852 | −0.269% | — | $6.5M | — | as long as short |
| BloFin GOAT-USDTshort | +0.0576% | 4h | 0.01857 | 0.000% | $119K | $10K | 25x | |
| Binance GOATUSDTlong | +0.0587% | 4h | 0.01857 | long leg | $1.8M | $2.8M | 25x | |
| MEXC GOAT_USDT | +0.0596% | 4h | 0.01856 | −0.054% | $423K | $155K | 200x | as long as short |
| Orderly PERP_GOAT_USDC | +0.1951% | 4h | 0.01856 | −0.054% | $3K | $2K | 10x | as long as short |
Hyperliquid GOAT
Bybit GOATUSDT
Gate GOAT_USDT
KuCoin GOATUSDTM
Variational Omni GOAT
BingX GOAT-USDT
MEXC GOAT_USDT
Orderly PERP_GOAT_USDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GOATUSD | +0.2935% | 1h | 0.01859 | +0.132% | $30K | $4K | 10x | as long as short |
Kraken Futures PF_GOATUSD