Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against BloFin−0.092%65s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as 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−$1041.037% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.092%, 7d avg +0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.109% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 65 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 PIXEL-USDT | 0.005437 | 0.0121 | pay 0.0061% / 4h | 2h 44m | $114K | $9K | 50x |
| Short | Bitget PIXELUSDT | 0.005432 | 0.0100 | get 0.0050% / 4h | 2h 44m | $580K | $337K | 25x |
BloFin PIXEL-USDT
Bitget PIXELUSDTFunding 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
- −$4.42
- Price spread: −0.092% → +0.017%
- −$10.87
- Slippage, 4 orders
- −$79.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$119.01
- Costs to cover
- 1.037%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; Bitget: live order book, 1 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, 34 min ago | 7.34 bp | 18.8 bp −$19 | 80.8 bp −$808 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 8.28 bp | 30.5 bp −$31 | 187.5 bp −$1,875 | doesn't fit | doesn't fit |
PIXEL 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIXELUSDT | +0.0100% | 4h | 0.005430 | −0.125% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005431 | −0.119% | $1.8M | $1.7M | 25x | as long as short |
| Bybit PIXELUSDT | +0.0100% | 4h | 0.005435 | −0.037% | $523K | $174K | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005433 | −0.074% | $155K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005431 | −0.110% | $901K | $207K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005431 | −0.110% | $356K | $65K | 25x | as long as short |
| Bitget PIXELUSDTshort | +0.0100% | 4h | 0.005432 | −0.092% | $580K | $337K | 25x | |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005431 | −0.110% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005440 | +0.047% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDTlong | +0.0121% | 4h | 0.005437 | long leg | $114K | $9K | 50x |
Aster PIXELUSDT
Binance PIXELUSDT
Bybit PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
BingX PIXEL-USDT
Variational Omni PIXELShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.7784% | 1h | 0.005439 | +0.045% | $6K | $2K | 10x | as long as short |
Kraken Futures PF_PIXELUSD