Funding you earn now, next payment 04:00 UTC−0.0833%/8h= −91.2% APRnext payment −$4.16 per $10,000 · paid last 24h −0.165%
Price spread now: Bitget against BloFin0.000%75s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$245as 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−$2052.055% of the position
Funding, last 7 days−0.394%−$39 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now 0.000%, 7d avg −0.029%
=The price spread pays, funding is against you. Bitget is 0.029% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.394% in total) that is about 13 hours. The two prices were read 75 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 -0.394% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.16 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 | BloFin M-USDT | 1.4365 | 0.0933 | pay 0.0466% / 4h | 54m 01s | $360K | $440K | 10x |
| Short | Bitget MUSDT | 1.4365 | 0.0100 | get 0.0050% / 4h | 54m 01s | $1.9M | $253K | 10x |
BloFin M-USDT
Bitget MUSDTFunding 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
- −$174.9
- Price spread: 0.000% → −0.029%
- $2.93
- Slippage, 4 orders
- −$181.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$377.44
- Costs to cover
- 2.055%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 47 min ago; Bitget: live order book, 3 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, 47 min ago | 1.05 bp | 31.4 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.08 bp | 63.0 bp −$63 | 481.5 bp −$4,815 | 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 | 1.4364 | −0.007% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4350 | −0.104% | $1.9M | $899K | 10x | as long as short |
| Bitget MUSDTshort | +0.0100% | 4h | 1.4365 | 0.000% | $1.9M | $253K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4393 | +0.196% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4380 | +0.104% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4389 | +0.167% | $2K | $753K | 20x | as long as short |
| Aster MUSDT | +0.0685% | 4h | 1.4364 | −0.008% | $16K | $87K | 5x | as long as short |
| Binance MUSDT | +0.0856% | 4h | 1.4362 | −0.021% | $5.6M | $3.8M | 10x | as long as short |
| MEXC M_USDT | +0.0874% | 4h | 1.4375 | +0.070% | $241K | $104K | 50x | as long as short |
| BingX M-USDT | +0.0888% | 4h | 1.4366 | +0.007% | — | $2.4M | — | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Binance MUSDT
MEXC M_USDT
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDTlong | +0.0933% | 4h | 1.4365 | long leg | $360K | $440K | 10x | |
| KuCoin MUSDTM | +0.2250% | 4h | 1.4246 | −0.827% | $1.4M | $4.0M | 10x | as long as short |
KuCoin MUSDTM