Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Gate−0.291%93s7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$250as 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−$2402.398% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 3 days (all we have)+0.462%+$46 · spread now −0.291%, 7d avg +0.079%
=Funding pays, the price is against you. BloFin is 0.370% cheaper against Gate than usual: you would sell low and buy high (spread −0.291% now, against its 7-day average of +0.079%). If the spread goes back, that is −$37 on $10k: about 3 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour. 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 IOTA_USDT | 0.04811 | 0.0100 | pay 0.0100% / 8h | 6h 49m | $879K | $174K | 75x |
| Short | BloFin IOTA-USDT | 0.04797 | 0.0115 | get 0.0115% / 8h | 6h 49m | $173K | $43K | 75x |
Gate IOTA_USDT
BloFin IOTA-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.25
- Price spread: −0.291% → +0.079%
- −$36.96
- Slippage, 4 orders
- −$212.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$273.47
- Costs to cover
- 2.398%
- Break-even
- 595.6 days
Slippage from Gate: live order book, 17 min ago; BloFin: 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 Gate live order book, 17 min ago | 7.20 bp | 82.8 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.08 bp | 15.8 bp −$16 | 37.4 bp −$374 | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0091% | 1h | 0.04814 | +0.055% | $18K | $12K | 10x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04823 | +0.245% | $979K | $342K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04816 | +0.104% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04814 | +0.062% | $2.2M | $1.4M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04811 | 0.000% | $562K | $1.4M | 20x | as long as short |
| Gate IOTA_USDTlong | +0.0100% | 8h | 0.04811 | long leg | $879K | $174K | 75x | |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04818 | +0.145% | $597K | $175K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04821 | +0.208% | $1.8M | $730K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04813 | +0.042% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04796 | −0.306% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDTshort | +0.0115% | 8h | 0.04797 | −0.291% | $173K | $43K | 75x | |
| KuCoin IOTAUSDTM | +0.0817% | 8h | 0.04823 | +0.249% | $2.8M | $239K | 30x | as long as short |
KuCoin IOTAUSDTM