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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.2896%/8h= +317.1% APRpaid last 24h −0.398%
Price spread now: Gate against BloFin−1.624%48s7-day average −2.782% · you buy dearer than you sell
Net, funding: paid 7d − costs+$488as 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−$5915.912% of the position
Long on BloFinShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+10.791%+$1,079 on $10k
Price spread, last 3 days (all we have)−0.979%−$98 · spread now −1.624%, 7d avg −2.782%
Together, before fees+9.812%+$981 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and Gate is 1.157% dearer against BloFin than usual: you sell high and buy low: +$116 more if the spread goes back to its 7-day average of −2.782%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ONE-USDT0.004383−0.3105get 0.0388% / 1h54m 17s$835K$3.4M50x
ShortGate ONE_USDT0.004312−0.0209pay 0.0209% / 8h1h 54m$1.7M$16.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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

Funding earned
$608.09
Price spread: −1.624% → −2.782%
$115.75
Slippage, 4 orders
−$564.25
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$132.58
Costs to cover
5.912%
Break-even
5.5 days
Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago1.04 bp24.3 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago8.08 bp327.5 bp −$327doesn't fitdoesn't fitdoesn't fit

ONE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ONEUSDTM−7.9984%1h0.004535+3.463%$5.6M$12.3M30xas long as short
Variational Omni ONE−1.5533%1h0.004376−0.160%$107K$54K—as long as short
Bitget ONEUSDT−0.3984%1h0.004336−1.075%$1.8M$37.4M20xas long as short
BloFin ONE-USDTlong−0.3105%1h0.004383long leg$835K$3.4M50x
Aster ONEUSDT−0.1887%1h0.004320−1.450%$2.3M$8.5M5xas long as short
MEXC ONE_USDT−0.1840%1h0.004326−1.296%$10.7M$16.6M20xas long as short
Binance ONEUSDT−0.1840%1h0.004322−1.392%$14.4M$358.9M50xas long as short
Gate ONE_USDTshort−0.0209%8h0.004312−1.624%$1.7M$16.4M20x
BingX ONE-USDT−0.0160%1h0.004341−0.956%—$6.5M—as long as short