Funding you earn now, next payment 00:00 UTC+0.0344%/8h= +37.7% APRnext payment +$1.72 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against Gate+0.097%78s7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as 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−$2122.120% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+0.311%+$31 · spread now +0.097%, 7d avg +0.152%
=Funding pays, the price is against you. BloFin is 0.055% cheaper against Gate than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.152%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.014% in total) that is about 28 days. The two prices were read 78 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 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.72 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 | Gate GWEI_USDT | 0.02270 | 0.0380 | pay 0.0190% / 4h | 2h 45m | $373K | $384K | 10x |
| Short | BloFin GWEI-USDT | 0.02272 | 0.0724 | get 0.0362% / 4h | 2h 45m | $171K | $28K | 50x |
Gate GWEI_USDT
BloFin GWEI-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
- $72.32
- Price spread: +0.097% → +0.152%
- −$5.54
- Slippage, 4 orders
- −$185.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$145.25
- Costs to cover
- 2.120%
- Break-even
- 21.1 days
Slippage from Gate: live order book, 39 min ago; BloFin: live order book, 36 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, 39 min ago | 8.35 bp | 86.3 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 36 min ago | 2.19 bp | 30.2 bp −$30 | 95.1 bp −$951 | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02273 | +0.141% | $368K | $113K | 25x | as long as short |
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02266 | −0.159% | $450K | $16K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02270 | +0.009% | $4K | $55 | — | as long as short |
| Gate GWEI_USDTlong | +0.0380% | 4h | 0.02270 | long leg | $373K | $384K | 10x | |
| Bitget GWEIUSDT | +0.0532% | 4h | 0.02273 | +0.141% | $1.9M | $200K | 20x | as long as short |
| BloFin GWEI-USDTshort | +0.0724% | 4h | 0.02272 | +0.097% | $171K | $28K | 50x | |
| Extended GWEI-USD | +0.0752% | 1h | 0.02272 | +0.087% | $3K | $142K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0752% | 4h | 0.02272 | +0.097% | $100K | $85K | 20x | as long as short |
| Binance GWEIUSDT | +0.0754% | 4h | 0.02272 | +0.097% | $2.3M | $2.6M | 50x | as long as short |
| BingX GWEI-USDT | +0.0776% | 4h | 0.02275 | +0.229% | — | $1.6M | — | as long as short |
Bybit GWEIUSDT
KuCoin GWEIUSDTM
Variational Omni GWEI
Bitget GWEIUSDT
Extended GWEI-USD
MEXC GWEI_USDT
Binance GWEIUSDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1669% | 4h | 0.02270 | +0.030% | $19K | $8K | 10x | as long as short |
Aster GWEIUSDT