Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRnext payment +$1.14 per $10,000 · paid last 24h +0.070%
Price spread now: BloFin against Gate−0.072%7-day average +0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)+0.544%+$54 · spread now −0.072%, 7d avg +0.089%
=Funding pays, the price is against you. BloFin is 0.161% cheaper against Gate than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.089%). If the spread goes back, that is −$16 on $10k: about 2.4 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.134% in total) that is about 8.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.14 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 | Gate O_USDT | 0.5566 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $1.5M | $509K | 20x |
| Short | BloFin O-USDT | 0.5562 | 0.0328 | get 0.0164% / 4h | 1h 42m | $238K | $6K | 20x |
Gate O_USDT
BloFin O-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
- $47.97
- Price spread: −0.072% → +0.089%
- −$16.13
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.84
- Costs to cover
- 0.270%
- Break-even
- 6.3 days
Slippage unknown: Gate: live order book, 4 min ago; BloFin: live order book, 78 min ago. Net counts fees only.
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, 4 min ago | 9.87 bp | 206.3 bp −$206 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 78 min ago | 0.90 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate O_USDTlong | +0.0100% | 4h | 0.5566 | long leg | $1.5M | $509K | 20x | |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5560 | −0.108% | $1.2M | $734K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5565 | −0.018% | $1.6M | $316K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5578 | +0.207% | $3K | $535 | — | as long as short |
| Aster OUSDT | +0.0259% | 4h | 0.5566 | −0.001% | $19K | $50K | 3x | as long as short |
| Binance OUSDT | +0.0269% | 4h | 0.5572 | +0.112% | $4.7M | $1.9M | 10x | as long as short |
| BloFin O-USDTshort | +0.0328% | 4h | 0.5562 | −0.072% | $238K | $6K | 20x | |
| Bybit OUSDT | +0.0343% | 4h | 0.5570 | +0.072% | $706K | $925K | 20x | as long as short |
| OKX O-USDT-SWAP | +0.0367% | 4h | 0.5569 | +0.054% | $1.5M | $1.1M | 10x | as long as short |
| MEXC O_USDT | +0.0374% | 4h | 0.5564 | −0.036% | $960K | $176K | 50x | as long as short |
KuCoin OUSDTM
Bitget OUSDT
Variational Omni O
Aster OUSDT
Binance OUSDT
Bybit OUSDT
OKX O-USDT-SWAP
MEXC O_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDT | +0.0384% | 4h | 0.5579 | +0.234% | — | $1.6M | — | as long as short |
BingX O-USDT