Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.004%
Price spread now: Gate against BloFin−0.207%63s7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$276as 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−$2782.783% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.207%, 7d avg −0.084%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.123% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.084%). Swap the legs. The two prices were read 63 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 | BloFin OPEN-USDT | 0.1447 | 0.0119 | pay 0.0059% / 4h | 1h 04m | $677K | $12K | 75x |
| Short | Gate OPEN_USDT | 0.1444 | 0.0100 | get 0.0100% / 8h | 1h 04m | $825K | $186K | 75x |
BloFin OPEN-USDT
Gate OPEN_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.94
- Price spread: −0.207% → −0.084%
- −$12.34
- Slippage, 4 orders
- −$251.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$294.55
- Costs to cover
- 2.783%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 17 min ago; Gate: live order book, 38 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, 17 min ago | 3.45 bp | 17.5 bp −$17 | 90.2 bp −$902 | doesn't fit | doesn't fit |
| Sell Gate live order book, 38 min ago | 6.91 bp | 111.9 bp −$112 | 877.3 bp −$8,773 | 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 | 0.1445 | −0.134% | $253K | $2K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1442 | −0.328% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDTshort | +0.0100% | 8h | 0.1444 | −0.207% | $825K | $186K | 75x | |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1446 | −0.090% | $2.4M | $54K | 30x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1442 | −0.357% | $2K | $177K | 5x | as long as short |
| BloFin OPEN-USDTlong | +0.0119% | 4h | 0.1447 | long leg | $677K | $12K | 75x | |
| Bitget OPENUSDT | +0.0154% | 4h | 0.1445 | −0.138% | $2.2M | $153K | 20x | as long as short |
| Bybit OPENUSDT | +0.0767% | 4h | 0.1446 | −0.097% | $1.5M | $739K | 25x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0774% | 1h | 0.1443 | −0.288% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
KuCoin OPENUSDTM
Extended OPEN-USD
Bitget OPENUSDT
Bybit OPENUSDT
Kraken Futures PF_OPENUSD