Funding you earn now, next payment 00:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h −0.067%
Price spread now: BloFin against Gate−0.080%108s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as 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−$1101.099% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.080%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BloFin is 0.104% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 108 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 -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 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 ID_USDT | 0.03731 | 0.0452 | pay 0.0226% / 4h | 2h 57m | $269K | $204K | 25x |
| Short | BloFin ID-USDT | 0.03728 | 0.0074 | get 0.0037% / 4h | 2h 57m | $162K | $11K | 50x |
Gate ID_USDT
BloFin ID-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
- −$79.39
- Price spread: −0.080% → +0.023%
- −$10.35
- Slippage, 4 orders
- −$82.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$199.64
- Costs to cover
- 1.099%
- Break-even
- never at this rate
Slippage from Gate: live order book, 27 min ago; BloFin: live order book, 24 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, 27 min ago | 6.71 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 2.68 bp | 24.6 bp −$25 | 57.2 bp −$572 | doesn't fit | doesn't fit |
ID 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDTshort | +0.0074% | 4h | 0.03728 | −0.080% | $162K | $11K | 50x | |
| Aster IDUSDT | +0.0100% | 4h | 0.03724 | −0.194% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03733 | +0.054% | $2.4M | $3.4M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03730 | −0.027% | $1.4M | $1.0M | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03731 | 0.000% | $340K | $134K | 20x | as long as short |
| Bitget IDUSDT | +0.0100% | 4h | 0.03733 | +0.054% | $767K | $560K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03731 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03732 | +0.028% | $12K | $20K | — | as long as short |
| KuCoin IDUSDTM | +0.0276% | 4h | 0.03729 | −0.054% | $1.0M | $61K | 30x | as long as short |
| Kraken Futures PF_IDUSD | +0.0443% | 1h | 0.03727 | −0.102% | $4K | $2K | 10x | as long as short |
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
MEXC ID_USDT
Bitget IDUSDT
BingX ID-USDT
Variational Omni ID
KuCoin IDUSDTM
Kraken Futures PF_IDUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ID_USDTlong | +0.0452% | 4h | 0.03731 | long leg | $269K | $204K | 25x |