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: BloFin against Gate−0.656%48s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$406as 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)+0.603%+$60 · spread now −0.656%, 7d avg −0.062%
=Funding pays, the price is against you. BloFin is 0.594% cheaper against Gate than usual: you would sell low and buy high (spread −0.656% now, against its 7-day average of −0.062%). If the spread goes back, that is −$59 on $10k: about 16 days of funding at the current rate (+$4 a day). 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 | Gate HNT_USDT | 0.4728 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $293K | $104K | 25x |
| Short | BloFin HNT-USDT | 0.4697 | 0.0220 | get 0.0220% / 8h | 2h 22m | — | $151K | 12x |
Gate HNT_USDT
BloFin HNT-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
- $25.2
- Price spread: −0.656% → −0.062%
- −$59.36
- Slippage, 4 orders
- −$406.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$467.26
- Costs to cover
- 4.331%
- Break-even
- 136.8 days
Slippage from Gate: live order book, 23 min ago; BloFin: live order book, 57 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, 23 min ago | 23.21 bp | 196.2 bp −$196 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 57 min ago | 9.30 bp | 33.0 bp −$33 | 72.7 bp −$727 | 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 | −1.650% | $2K | $17K | 5.5x | as long as short |
| Bybit HNTUSDT | +0.0100% | 8h | 0.4725 | −0.063% | $2.3M | $2.3M | 13x | as long as short |
| Gate HNT_USDTlong | +0.0100% | 8h | 0.4728 | long leg | $293K | $104K | 25x | |
| MEXC HNT_USDT | +0.0100% | 8h | 0.4718 | −0.212% | $10.9M | $890K | 100x | as long as short |
| Variational Omni HNT | +0.0100% | 8h | 0.4690 | −0.799% | $20K | $14K | — | as long as short |
| BloFin HNT-USDTshort | +0.0220% | 8h | 0.4697 | −0.656% | — | $151K | 12x |
Injective HNT/USDC PERP
Bybit HNTUSDT
MEXC HNT_USDT
Variational Omni HNT