NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Bitget−0.099%75s7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as 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−$970.968% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.099%, 7d avg −0.043%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.056% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 75 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	Bitget NOTUSDT	0.0005073	0.0100	pay 0.0050% / 4h	32m 02s	$666K	$382K	50x
Short	BloFin NOT-USDT	0.0005068	0.0084	get 0.0042% / 4h	32m 02s	$111K	$17K	50x

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 −0.099%Rate

Funding earned: −$3.27
Price spread: −0.099% → −0.043%: −$5.57
Slippage, 4 orders: −$72.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$105.64
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Bitget: live order book, 43 min ago; BloFin: live order book, 28 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, 43 min ago	7.93 bp	34.1 bp −$34	271.3 bp −$2,713	doesn't fit	doesn't fit
Sell BloFin live order book, 28 min ago	3.94 bp	21.0 bp −$21	58.5 bp −$585	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0102%	4h	0.0005065	−0.159%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.923%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDTshort	+0.0084%	4h	0.0005068	−0.099%	$111K	$17K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005083	+0.187%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.059%	$371K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005072	−0.016%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005070	−0.059%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005065	−0.158%	$2.1M	$824K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005071	−0.039%	$625K	$605K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005080	+0.138%	$141K	$78K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005069	−0.079%	$1.4M	$460K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005066	−0.138%	$463K	$137K	50x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005073	long leg	$666K	$382K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005068	−0.099%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005069	−0.078%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.4210%	1h	0.0005067	−0.121%	$49K	$10K	10x	as long as short