INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against BloFin−0.203%75s7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1531.533% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.203%, 7d avg −0.060%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.143% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.060%). 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	BloFin INIT-USDT	0.08384	0.0134	pay 0.0067% / 4h	3h 35m	$154K	$113K	25x
Short	Bitget INITUSDT	0.08367	0.0100	get 0.0050% / 4h	3h 35m	$432K	$333K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BitgetbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$7.13
Price spread: −0.203% → −0.060%: −$14.26
Slippage, 4 orders: −$129.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$174.73
Costs to cover: 1.533%
Break-even: never at this rate

Slippage from BloFin: live order book, 54 min ago; Bitget: live order book, 10 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, 54 min ago	4.23 bp	30.2 bp −$30	64.3 bp −$643	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	9.57 bp	44.5 bp −$44	266.8 bp −$2,668	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
Kraken Futures PF_INITUSD	−0.5341%	1h	0.08368	−0.190%	$5K	$24K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08380	−0.047%	$313K	$238K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08371	−0.155%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08377	−0.082%	$3.4M	$4.0M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08362	−0.262%	$1.5M	$1.7M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08375	−0.107%	$143K	$721K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08365	−0.227%	$82K	$58K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08374	−0.119%	$450K	$210K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08365	−0.227%	$325K	$62K	25x	as long as short
Bitget INITUSDTshort	+0.0100%	4h	0.08367	−0.203%	$432K	$333K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08369	−0.179%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08359	−0.298%	$26K	$23K	—	as long as short
BloFin INIT-USDTlong	+0.0134%	4h	0.08384	long leg	$154K	$113K	25x