Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Gate against BloFin+0.660%63s7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$460as 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−$4334.331% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 4 days (all we have)−0.608%−$61 · spread now +0.660%, 7d avg +0.062%
=The price spread pays, funding is against you. Gate is 0.598% dearer against BloFin than usual: you sell high and buy low (spread +0.660% now, against its 7-day average of +0.062%): +$60 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 days. The two prices were read 63 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 HNT-USDT | 0.4697 | 0.0220 | pay 0.0220% / 8h | 2h 21m | — | $151K | 12x |
| Short | Gate HNT_USDT | 0.4728 | 0.0100 | get 0.0100% / 8h | 2h 21m | $293K | $104K | 25x |
BloFin HNT-USDT
Gate HNT_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
- −$25.2
- Price spread: +0.660% → +0.062%
- $59.79
- Slippage, 4 orders
- −$406.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$398.5
- Costs to cover
- 4.331%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; Gate: live order book, 23 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, 58 min ago | 9.30 bp | 39.9 bp −$40 | 89.1 bp −$891 | doesn't fit | doesn't fit |
| Sell Gate live order book, 23 min ago | 23.21 bp | 163.9 bp −$164 | doesn't fit | doesn't fit | doesn't fit |
HNT on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HNT/USDC PERP | +0.0033% | 1h | 0.4650 | −1.001% | $2K | $17K | 5.5x | as long as short |
| Bybit HNTUSDT | +0.0100% | 8h | 0.4725 | +0.596% | $2.3M | $2.3M | 13x | as long as short |
| Gate HNT_USDTshort | +0.0100% | 8h | 0.4728 | +0.660% | $293K | $104K | 25x | |
| MEXC HNT_USDT | +0.0100% | 8h | 0.4718 | +0.447% | $10.9M | $890K | 100x | as long as short |
| Variational Omni HNT | +0.0100% | 8h | 0.4690 | −0.144% | $20K | $14K | — | as long as short |
| BloFin HNT-USDTlong | +0.0220% | 8h | 0.4697 | long leg | — | $151K | 12x |
Injective HNT/USDC PERP
Bybit HNTUSDT
MEXC HNT_USDT
Variational Omni HNT