Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bitget0.000%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1221.218% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.451%−$45 · spread now 0.000%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.032% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPENUSDT | 0.1439 | 0.0100 | pay 0.0050% / 4h | 5m 08s | $2.2M | $180K | 20x |
| Short | BloFin OPEN-USDT | 0.1439 | 0.0143 | get 0.0072% / 4h | 5m 08s | $674K | $12K | 75x |
Bitget OPENUSDT
BloFin OPEN-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.09
- Price spread: 0.000% → −0.032%
- $3.24
- Slippage, 4 orders
- −$97.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$109.45
- Costs to cover
- 1.218%
- Break-even
- 91.3 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 31 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, 2 min ago | 3.47 bp | 41.7 bp −$42 | 329.7 bp −$3,297 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 31 min ago | 6.97 bp | 25.3 bp −$25 | 58.8 bp −$588 | doesn't fit | doesn't fit |
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1439 | +0.017% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1439 | 0.000% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1440 | +0.069% | $827K | $199K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1442 | +0.215% | $2.4M | $46K | 30x | as long as short |
| Bitget OPENUSDTlong | +0.0100% | 4h | 0.1439 | long leg | $2.2M | $180K | 20x | |
| Extended OPEN-USD | +0.0104% | 1h | 0.1439 | −0.028% | $3K | $112K | 5x | as long as short |
| BloFin OPEN-USDTshort | +0.0143% | 4h | 0.1439 | 0.000% | $674K | $12K | 75x | |
| Bybit OPENUSDT | +0.0398% | 4h | 0.1440 | +0.076% | $1.5M | $735K | 25x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0978% | 1h | 0.1438 | −0.035% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Extended OPEN-USD
Bybit OPENUSDT
Kraken Futures PF_OPENUSD