IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Bitget+0.066%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.066%, 7d avg −0.030%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.096% dearer against Bitget than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.030%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.078% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IOUSDT	0.1513	0.0100	pay 0.0050% / 4h	1h 54m	$1.3M	$1.2M	50x
Short	BloFin IO-USDT	0.1514	0.0083	get 0.0041% / 4h	1h 54m	$194K	$30K	50x

Funding 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 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$3.63
Price spread: +0.066% → −0.030%: $9.6
Slippage, 4 orders: −$51
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.03
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 20 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, 2 min ago	6.63 bp	16.2 bp −$16	154.4 bp −$1,544	doesn't fit	doesn't fit
Sell BloFin live order book, 20 min ago	6.61 bp	16.4 bp −$16	53.4 bp −$534	516.2 bp −$51.6K	doesn't fit

IO on 14 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_IOUSD	−0.0640%	1h	0.1514	+0.084%	$39K	$21K	10x	as long as short
BloFin IO-USDTshort	+0.0083%	4h	0.1514	+0.066%	$194K	$30K	50x
Hyperliquid IO	+0.0100%	1h	0.1514	+0.033%	$1.0M	$388K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1514	+0.087%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1513	0.000%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1512	−0.066%	$1.1M	$868K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1514	+0.086%	$232K	$526K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1513	0.000%	$1.2M	$226K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1513	0.000%	$402K	$655K	50x	as long as short
Bitget IOUSDTlong	+0.0100%	4h	0.1513	long leg	$1.3M	$1.2M	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1513	0.000%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1506	−0.438%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1513	−0.007%	$5K	$171K	5x	as long as short
Injective IO/USDC PERP	+0.0163%	1h	0.1509	−0.264%	$2K	$102	5.5x	as long as short