Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Bitget−0.284%75s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as 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−$1291.294% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.284%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.294% cheaper against Bitget than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 75 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 | Bitget HOTUSDT | 0.0004230 | 0.0100 | pay 0.0100% / 8h | 4h 04m | $303K | $214K | 25x |
| Short | BloFin HOT-USDT | 0.0004218 | 0.0072 | get 0.0072% / 8h | 4h 04m | $146K | $49K | 50x |
Bitget HOTUSDT
BloFin HOT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$5.87
- Price spread: −0.284% → +0.011%
- −$29.43
- Slippage, 4 orders
- −$105.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$164.75
- Costs to cover
- 1.294%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 46 min ago; BloFin: live order book, 18 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 Bitget live order book, 46 min ago | 5.96 bp | 28.0 bp −$28 | 323.7 bp −$3,237 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 2.37 bp | 32.3 bp −$32 | 79.6 bp −$796 | doesn't fit | doesn't fit |
HOT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HOT-USDTshort | +0.0072% | 8h | 0.0004218 | −0.284% | $146K | $49K | 50x | |
| Binance HOTUSDT | +0.0100% | 8h | 0.0004232 | +0.050% | $1.6M | $2.5M | 50x | as long as short |
| MEXC HOT_USDT | +0.0100% | 8h | 0.0004231 | +0.024% | $435K | $154K | 50x | as long as short |
| KuCoin HOTUSDTM | +0.0100% | 8h | 0.0004228 | −0.047% | $77K | $39K | 30x | as long as short |
| Bitget HOTUSDTlong | +0.0100% | 8h | 0.0004230 | long leg | $303K | $214K | 25x |
Binance HOTUSDT
MEXC HOT_USDT
KuCoin HOTUSDTM