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: BloFin against Gate+0.074%63s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as 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−$1681.685% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.074%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.008%. 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 | Gate PIXEL_USDT | 0.005433 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $155K | $39K | 50x |
| Short | BloFin PIXEL-USDT | 0.005437 | 0.0121 | get 0.0061% / 4h | 2h 44m | $114K | $9K | 50x |
Gate PIXEL_USDT
BloFin PIXEL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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: +0.074% → −0.008%
- $8.19
- Slippage, 4 orders
- −$141.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$155.87
- Costs to cover
- 1.685%
- Break-even
- 253.8 days
Slippage from Gate: live order book, 62 min ago; BloFin: live order book, 34 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 Gate live order book, 62 min ago | 16.48 bp | 62.1 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 7.34 bp | 25.9 bp −$26 | 79.7 bp −$797 | 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 | 0.005429 | −0.080% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005428 | −0.090% | $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_USDTlong | +0.0100% | 4h | 0.005433 | long leg | $155K | $39K | 50x | |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005428 | −0.092% | $901K | $207K | 20x | as long as short |
| KuCoin PIXELUSDTM | +0.0100% | 4h | 0.005429 | −0.074% | $356K | $65K | 25x | as long as short |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005429 | −0.074% | $579K | $337K | 25x | as long as short |
| BingX PIXEL-USDT | +0.0100% | 4h | 0.005431 | −0.037% | — | $1.3M | — | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005440 | +0.121% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDTshort | +0.0121% | 4h | 0.005437 | +0.074% | $114K | $9K | 50x |
Aster PIXELUSDT
Binance PIXELUSDT
Bybit PIXELUSDT
MEXC PIXEL_USDT
KuCoin PIXELUSDTM
Bitget PIXELUSDT
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 | +0.118% | $6K | $2K | 10x | as long as short |
Kraken Futures PF_PIXELUSD