NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Gate+0.060%48s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as 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−$1161.164% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now +0.060%, 7d avg −0.010%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.070% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 48 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 NOT_USDT	0.0005040	0.0100	pay 0.0050% / 4h	1h 50m	$140K	$78K	50x
Short	BloFin NOT-USDT	0.0005043	0.0158	get 0.0079% / 4h	1h 50m	$111K	$17K	50x

Funding 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 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 GatebpFee BloFinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $12.09
Price spread: +0.060% → −0.010%: $7
Slippage, 4 orders: −$89.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.28
Costs to cover: 1.164%
Break-even: 63.3 days

Slippage from Gate: live order book, 25 min ago; BloFin: live order book, 22 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, 25 min ago	7.92 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	1.99 bp	18.5 bp −$18	53.8 bp −$538	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	−0.0142%	4h	0.0005038	−0.048%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.294%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005053	+0.262%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	0.000%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005042	+0.034%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005042	+0.036%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005036	−0.079%	$2.1M	$806K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005035	−0.099%	$610K	$575K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005040	long leg	$140K	$78K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005042	+0.040%	$1.3M	$456K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005038	−0.040%	$492K	$118K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005046	+0.119%	$663K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005040	0.000%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005041	+0.023%	$4K	$1K	5x	as long as short
BloFin NOT-USDTshort	+0.0158%	4h	0.0005043	+0.060%	$111K	$17K	50x
Kraken Futures PF_NOTUSD	+0.6151%	1h	0.0005082	+0.830%	$49K	$9K	10x	as long as short