Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bitget against BloFin−0.387%85s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as 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−$760.757% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.377%+$38 · spread now −0.387%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.358% cheaper against BloFin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.029%). 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 | BloFin 1000LUNC-USDT | 0.00005430 | 0.0220 | pay 0.0220% / 8h | 2h 39m | $384K | $37K | 75x |
| Short | Bitget LUNCUSDT | 0.00005409 | 0.0100 | get 0.0100% / 8h | 2h 39m | $1.1M | $516K | 25x |
BloFin 1000LUNC-USDT
Bitget LUNCUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.387% → −0.029%
- −$35.8
- Slippage, 4 orders
- −$51.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$136.66
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 51 min ago; Bitget: live order book, 1 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, 51 min ago | 2.75 bp | 17.4 bp −$17 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.85 bp | 18.9 bp −$19 | 67.2 bp −$672 | doesn't fit | doesn't fit |
LUNC on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0855% | 8h | 0.00005413 | −0.313% | $17.1M | $1.3M | 200x | as long as short |
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005425 | −0.090% | $282K | $111K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005415 | −0.273% | $47K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005415 | −0.273% | $4.1M | $7.9M | 75x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005420 | −0.184% | $386K | $234K | 75x | as long as short |
| Bitget LUNCUSDTshort | +0.0100% | 8h | 0.00005409 | −0.387% | $1.1M | $516K | 25x | |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005414 | −0.298% | $2K | — | 10x | as long as short |
| Bybit 1000LUNCUSDT | +0.0169% | 8h | 0.00005417 | −0.239% | $1.9M | $795K | 25x | as long as short |
| BingX LUNC-USDT | +0.0181% | 8h | 0.00005417 | −0.239% | — | $2.0M | — | as long as short |
| BloFin 1000LUNC-USDTlong | +0.0220% | 8h | 0.00005430 | long leg | $384K | $37K | 75x |
MEXC LUNC_USDT
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Gate LUNC_USDT
Extended kLUNC-USD
Bybit 1000LUNCUSDT
BingX LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0308% | 8h | 0.00005414 | −0.287% | $1.7M | $670K | 50x | as long as short |
KuCoin LUNCUSDTM