Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.050%
Price spread now: BloFin against Gate−0.163%78s7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$950.947% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.163%, 7d avg −0.092%
=Funding pays, the price is against you. BloFin is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.092%). If the spread goes back, that is −$7 on $10k: about 47 hours of funding at the current rate (+$4 a day). The two prices were read 78 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 LUNC_USDT | 0.00005529 | 0.0100 | pay 0.0100% / 8h | 1h 43m | $395K | $278K | 75x |
| Short | BloFin 1000LUNC-USDT | 0.00005520 | 0.0220 | get 0.0220% / 8h | 1h 43m | $387K | $37K | 75x |
Gate LUNC_USDT
BloFin 1000LUNC-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
- $25.2
- Price spread: −0.163% → −0.092%
- −$7.09
- Slippage, 4 orders
- −$67.69
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.58
- Costs to cover
- 0.947%
- Break-even
- 28.3 days
Slippage from Gate: live order book, 37 min ago; BloFin: live order book, 37 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, 37 min ago | 1.80 bp | 36.0 bp −$36 | 195.6 bp −$1,956 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 1.80 bp | 16.0 bp −$16 | 46.2 bp −$462 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005537 | +0.137% | $287K | $125K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005523 | −0.109% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005534 | +0.090% | $4.2M | $8.4M | 75x | as long as short |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005531 | +0.036% | $2.0M | $748K | 25x | as long as short |
| Gate LUNC_USDTlong | +0.0100% | 8h | 0.00005529 | long leg | $395K | $278K | 75x | |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005529 | 0.000% | $17.0M | $1.5M | 200x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005518 | −0.199% | $1.1M | $623K | 25x | as long as short |
| BingX LUNC-USDT | +0.0100% | 8h | 0.00005531 | +0.036% | — | $2.1M | — | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005527 | −0.032% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDTshort | +0.0220% | 8h | 0.00005520 | −0.163% | $387K | $37K | 75x |
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Bybit 1000LUNCUSDT
MEXC LUNC_USDT
Bitget LUNCUSDT
BingX LUNC-USDT
Extended kLUNC-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.1452% | 8h | 0.00005536 | +0.121% | $1.8M | $809K | 50x | as long as short |
KuCoin LUNCUSDTM