Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Bitget+0.183%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1311.310% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.183%, 7d avg +0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.122% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget INITUSDT | 0.08192 | 0.0100 | pay 0.0050% / 4h | 36m 58s | $428K | $310K | 25x |
| Short | BloFin INIT-USDT | 0.08207 | 0.0099 | get 0.0049% / 4h | 36m 58s | $153K | $110K | 25x |
Bitget INITUSDT
BloFin INIT-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
- −$0.24
- Price spread: +0.183% → +0.061%
- $12.19
- Slippage, 4 orders
- −$106.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$119.01
- Costs to cover
- 1.310%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 34 min ago; BloFin: live order book, 25 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, 34 min ago | 11.02 bp | 40.0 bp −$40 | 221.3 bp −$2,213 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 3.66 bp | 21.5 bp −$22 | 52.6 bp −$526 | doesn't fit | doesn't fit |
INIT on 13 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 INIT-USDTshort | +0.0099% | 4h | 0.08207 | +0.183% | $153K | $110K | 25x | |
| Hyperliquid INIT | +0.0100% | 1h | 0.08184 | −0.094% | $298K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08199 | +0.085% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08191 | −0.015% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08190 | −0.024% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08186 | −0.073% | $133K | $633K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08197 | +0.061% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08189 | −0.037% | $445K | $219K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08197 | +0.061% | $326K | $54K | 25x | as long as short |
| Bitget INITUSDTlong | +0.0100% | 4h | 0.08192 | long leg | $428K | $310K | 25x |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08193 | +0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08218 | +0.323% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0497% | 1h | 0.08191 | −0.008% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD