IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against BloFin−0.133%95s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as 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−$1151.146% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.274%+$27 · spread now −0.133%, 7d avg +0.030%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.163% cheaper against BloFin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.030%. 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 IO-USDT	0.1506	0.0103	pay 0.0052% / 4h	2h 39m	$192K	$30K	50x
Short	Bitget IOUSDT	0.1504	0.0100	get 0.0050% / 4h	2h 39m	$1.4M	$1.1M	50x

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 −0.133%Rate

Funding earned: −$0.68
Price spread: −0.133% → +0.030%: −$16.27
Slippage, 4 orders: −$90.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.52
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from BloFin: live order book, 42 min ago; Bitget: live order book, 2 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, 42 min ago	3.33 bp	21.5 bp −$22	50.8 bp −$508	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.65 bp	27.3 bp −$27	173.4 bp −$1,734	doesn't fit	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
Injective IO/USDC PERP	−0.0157%	1h	0.1503	−0.199%	$2K	$101	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1504	−0.113%	$1.0M	$392K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1505	−0.097%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1504	−0.115%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1501	−0.305%	$1.1M	$863K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1505	−0.100%	$230K	$542K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1502	−0.266%	$1.1M	$237K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1503	−0.199%	$401K	$654K	50x	as long as short
Bitget IOUSDTshort	+0.0100%	4h	0.1504	−0.133%	$1.4M	$1.1M	50x
BingX IO-USDT	+0.0100%	4h	0.1504	−0.133%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1502	−0.298%	$30K	$5K	—	as long as short
BloFin IO-USDTlong	+0.0103%	4h	0.1506	long leg	$192K	$30K	50x
Extended IO-USD	+0.0104%	1h	0.1504	−0.128%	$5K	$171K	5x	as long as short
Kraken Futures PF_IOUSD	+0.5462%	1h	0.1505	−0.048%	$39K	$21K	10x	as long as short