M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0719%/8h= +78.7% APRnext payment +$3.60 per $10,000 · paid last 24h +0.117%

Price spread now: BloFin against Bitget+0.068%85s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as 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−$1681.684% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.068%, 7d avg +0.024%

Together, before fees+0.249%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BloFin is 0.044% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.322% in total (about 16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUSDT	1.4730	0.0100	pay 0.0050% / 4h	1h 51m	$1.9M	$347K	10x
Short	BloFin M-USDT	1.4740	0.0819	get 0.0410% / 4h	1h 51m	$349K	$408K	10x

Funding 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 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $151.01
Price spread: +0.068% → +0.024%: $4.39
Slippage, 4 orders: −$144.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.96
Costs to cover: 1.684%
Break-even: 7.6 days

Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 29 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, 5 min ago	8.47 bp	54.1 bp −$54	466.8 bp −$4,668	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	0.34 bp	18.5 bp −$18	doesn't fit	doesn't fit	doesn't fit

M 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
Bybit MUSDT	+0.0100%	4h	1.4703	−0.183%	$4.7M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4696	−0.231%	$2.0M	$884K	10x	as long as short
Bitget MUSDTlong	+0.0100%	4h	1.4730	long leg	$1.9M	$347K	10x
Variational Omni M	+0.0100%	4h	1.4740	+0.070%	$90K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4722	−0.054%	$2K	$596	10x	as long as short
SunX M-USDT	+0.0100%	4h	1.4718	−0.081%	$2K	$553K	20x	as long as short
Aster MUSDT	+0.0509%	4h	1.4720	−0.065%	$16K	$116K	5x	as long as short
BingX M-USDT	+0.0740%	4h	1.4706	−0.163%	—	$2.4M	—	as long as short
KuCoin MUSDTM	+0.0794%	4h	1.4621	−0.738%	$1.4M	$4.4M	10x	as long as short
BloFin M-USDTshort	+0.0819%	4h	1.4740	+0.068%	$349K	$408K	10x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC M_USDT	+0.0824%	4h	1.4709	−0.143%	$246K	$109K	50x	as long as short
Binance MUSDT	+0.0825%	4h	1.4705	−0.172%	$5.5M	$4.5M	10x	as long as short