Funding you earn now, next payment 12:00 UTC+0.0301%/8h= +32.9% APRnext payment +$1.50 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against BloFin+0.141%75s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as 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−$1121.124% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.310%+$31 · spread now +0.141%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bitget is 0.107% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPEN-USDT | 0.1423 | 0.0151 | pay 0.0076% / 4h | 2h 21m | $671K | $12K | 75x |
| Short | Bitget OPENUSDT | 0.1425 | 0.0452 | get 0.0226% / 4h | 2h 21m | $2.2M | $140K | 20x |
BloFin OPEN-USDT
Bitget OPENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- $63.15
- Price spread: +0.141% → +0.033%
- $10.72
- Slippage, 4 orders
- −$88.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$38.55
- Costs to cover
- 1.124%
- Break-even
- 11.3 days
Slippage from BloFin: live order book, 27 min ago; Bitget: live order book, 3 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 BloFin live order book, 27 min ago | 3.53 bp | 19.4 bp −$19 | 90.9 bp −$909 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 7.01 bp | 35.6 bp −$36 | 208.0 bp −$2,080 | doesn't fit | doesn't fit |
OPEN on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance OPENUSDT | +0.0100% | 4h | 0.1424 | +0.070% | $7.0M | $2.4M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1426 | +0.211% | $829K | $191K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1428 | +0.344% | $2.4M | $50K | 30x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1424 | +0.040% | $3K | $180K | 5x | as long as short |
| BloFin OPEN-USDTlong | +0.0151% | 4h | 0.1423 | long leg | $671K | $12K | 75x | |
| Aster OPENUSDT | +0.0213% | 4h | 0.1424 | +0.083% | $249K | $2K | 5x | as long as short |
| Bitget OPENUSDTshort | +0.0452% | 4h | 0.1425 | +0.141% | $2.2M | $140K | 20x | |
| Kraken Futures PF_OPENUSD | +0.0768% | 1h | 0.1426 | +0.187% | $14K | $55K | 10x | as long as short |
| Bybit OPENUSDT | +0.1076% | 4h | 0.1427 | +0.253% | $1.5M | $803K | 25x | as long as short |
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Extended OPEN-USD
Aster OPENUSDT
Kraken Futures PF_OPENUSD
Bybit OPENUSDT