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: Bitget against BloFin+0.284%95s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as 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)−0.144%−$14 · spread now +0.284%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.295% dearer against BloFin than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 95 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 HOT-USDT | 0.0004218 | 0.0072 | pay 0.0072% / 8h | 4h 03m | $146K | $49K | 50x |
| Short | Bitget HOTUSDT | 0.0004230 | 0.0100 | get 0.0100% / 8h | 4h 03m | $303K | $214K | 25x |
BloFin HOT-USDT
Bitget HOTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $5.87
- Price spread: +0.284% → −0.011%
- $29.52
- Slippage, 4 orders
- −$105.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$94.06
- Costs to cover
- 1.294%
- Break-even
- 119.2 days
Slippage from BloFin: live order book, 18 min ago; Bitget: live order book, 46 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, 18 min ago | 2.37 bp | 24.2 bp −$24 | 109.2 bp −$1,092 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 46 min ago | 5.96 bp | 45.0 bp −$45 | 140.7 bp −$1,407 | 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-USDTlong | +0.0072% | 8h | 0.0004218 | long leg | $146K | $49K | 50x | |
| Binance HOTUSDT | +0.0100% | 8h | 0.0004233 | +0.363% | $1.6M | $2.5M | 50x | as long as short |
| MEXC HOT_USDT | +0.0100% | 8h | 0.0004233 | +0.356% | $435K | $154K | 50x | as long as short |
| KuCoin HOTUSDTM | +0.0100% | 8h | 0.0004228 | +0.237% | $77K | $39K | 30x | as long as short |
| Bitget HOTUSDTshort | +0.0100% | 8h | 0.0004230 | +0.284% | $303K | $214K | 25x |
Binance HOTUSDT
MEXC HOT_USDT
KuCoin HOTUSDTM