Funding you earn now, next payment 08:00 UTC−0.0259%/8h= −28.4% APRnext payment −$1.30 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against Bitget−0.124%85s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as 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−$750.754% of the position
Funding, last 7 days−0.526%−$53 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.124%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.100% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 85 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 | Bitget IOSTUSDT | 0.0008902 | −0.0984 | get 0.0492% / 4h | 23m 43s | $659K | $2.2M | 25x |
| Short | BloFin IOST-USDT | 0.0008891 | −0.1243 | pay 0.0622% / 4h | 23m 43s | $294K | $2.0M | 50x |
Bitget IOSTUSDT
BloFin IOST-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
- −$54.47
- Price spread: −0.124% → −0.024%
- −$10.01
- Slippage, 4 orders
- −$51.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$139.92
- Costs to cover
- 0.754%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 4 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, 3 min ago | 2.81 bp | 19.3 bp −$19 | 58.9 bp −$589 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.12 bp | 18.9 bp −$19 | 41.3 bp −$413 | doesn't fit | doesn't fit |
IOST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAP | −0.1671% | 4h | 0.0008902 | 0.000% | $1.5M | $4.0M | 10x | as long as short |
| Bybit IOSTUSDT | −0.1368% | 8h | 0.0008912 | +0.112% | $1.9M | $1.9M | 25x | as long as short |
| BloFin IOST-USDTshort | −0.1243% | 4h | 0.0008891 | −0.124% | $294K | $2.0M | 50x | |
| MEXC IOST_USDT | −0.1234% | 4h | 0.0008904 | +0.022% | $1.9M | $471K | 50x | as long as short |
| Binance IOSTUSDT | −0.1234% | 4h | 0.0008912 | +0.112% | $5.7M | $16.3M | 50x | as long as short |
| Variational Omni IOST | −0.1110% | 8h | 0.0008903 | +0.010% | $10K | $5K | — | as long as short |
| Bitget IOSTUSDTlong | −0.0984% | 4h | 0.0008902 | long leg | $659K | $2.2M | 25x | |
| Gate IOST_USDT | −0.0624% | 4h | 0.0008890 | −0.135% | $677K | $542K | 25x | as long as short |
| BingX IOST-USDT | −0.0432% | 4h | 0.0008905 | +0.034% | — | $2.4M | — | as long as short |
OKX IOST-USDT-SWAP
Bybit IOSTUSDT
MEXC IOST_USDT
Binance IOSTUSDT
Variational Omni IOST
Gate IOST_USDT
BingX IOST-USDT