GOAT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0505%/8h= −55.3% APRnext payment −$2.52 per $10,000 · paid last 24h −0.054%

Price spread now: Bybit against BloFin+0.065%102s7-day average −0.344% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as 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−$1711.711% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 4 days (all we have)−0.459%−$46 · spread now +0.065%, 7d avg −0.344%

Together, before fees−0.634%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.408% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.344%): +$41 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.175% in total) that is about 16 days. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOAT-USDT	0.01855	0.0605	pay 0.0302% / 4h	3h 59m	$119K	$10K	25x
Short	Bybit GOATUSDT	0.01856	0.0100	get 0.0050% / 4h	3h 59m	$1.9M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$106.03
Price spread: +0.065% → −0.344%: $40.84
Slippage, 4 orders: −$148.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$236.27
Costs to cover: 1.711%
Break-even: never at this rate

Slippage from BloFin: live order book, 29 min ago; Bybit: live order book, 2 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, 29 min ago	2.70 bp	44.2 bp −$44	290.9 bp −$2,909	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	8.07 bp	56.4 bp −$56	264.5 bp −$2,645	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	0.01858	+0.178%	$1.2M	$453K	3x	as long as short
Bybit GOATUSDTshort	+0.0100%	4h	0.01856	+0.065%	$1.9M	$1.0M	25x
Gate GOAT_USDT	+0.0100%	4h	0.01860	+0.243%	$283K	$172K	25x	as long as short
KuCoin GOATUSDTM	+0.0100%	4h	0.01855	0.000%	$369K	$136K	30x	as long as short
Variational Omni GOAT	+0.0100%	4h	0.01860	+0.279%	$6K	$18K	—	as long as short
BingX GOAT-USDT	+0.0520%	4h	0.01860	+0.270%	—	$6.6M	—	as long as short
MEXC GOAT_USDT	+0.0602%	4h	0.01858	+0.162%	$424K	$155K	200x	as long as short
Binance GOATUSDT	+0.0603%	4h	0.01857	+0.108%	$1.8M	$2.8M	25x	as long as short
BloFin GOAT-USDTlong	+0.0605%	4h	0.01855	long leg	$119K	$10K	25x
Orderly PERP_GOAT_USDC	+0.1971%	4h	0.01861	+0.323%	$3K	$2K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GOATUSD	+0.3304%	1h	0.01867	+0.642%	$30K	$4K	10x	as long as short