IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Gate+0.179%93s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$325as 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−$3233.228% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.179%, 7d avg +0.057%

Together, before fees−0.265%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.122% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.057%. The two prices were read 93 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	Gate IO_USDT	0.1508	0.0100	pay 0.0050% / 4h	31m 43s	$244K	$549K	50x
Short	BloFin IO-USDT	0.1511	0.0124	get 0.0062% / 4h	31m 43s	$193K	$31K	50x

Funding 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 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 GatebpFee BloFinbpOrdersPrice spread, now +0.179%Rate

Funding earned: $5.02
Price spread: +0.179% → +0.057%: $12.23
Slippage, 4 orders: −$295.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$305.52
Costs to cover: 3.228%
Break-even: 432.7 days

Slippage from Gate: live order book, 44 min ago; BloFin: live order book, 38 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, 44 min ago	2.98 bp	83.5 bp −$84	14165.7 bp −$141.7K	doesn't fit	doesn't fit
Sell BloFin live order book, 38 min ago	3.31 bp	29.5 bp −$29	68.8 bp −$688	493.4 bp −$49.3K	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	−0.0159%	1h	0.1515	+0.444%	$2K	$104	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1510	+0.119%	$1.0M	$388K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1510	+0.120%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1510	+0.129%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1508	−0.020%	$1.1M	$876K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1508	long leg	$244K	$549K	50x
MEXC IO_USDT	+0.0100%	4h	0.1507	−0.086%	$1.1M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1507	−0.086%	$383K	$668K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1511	+0.179%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1510	+0.113%	—	$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	0.1509	+0.068%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1510	+0.110%	$5K	$171K	5x	as long as short
BloFin IO-USDTshort	+0.0124%	4h	0.1511	+0.179%	$193K	$31K	50x
Kraken Futures PF_IOUSD	+1.2611%	1h	0.1512	+0.268%	$39K	$19K	10x	as long as short