Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.159%
Price spread now: Gate against BloFin+0.414%63s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$1331.334% of the position
Funding, last 7 days+0.810%+$81 on $10k
+Price spread, last 4 days (all we have)−0.325%−$32 · spread now +0.414%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.404% dearer against BloFin than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.009%. 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 PTB-USDT | 0.0009671 | 0.0354 | pay 0.0177% / 4h | 3h 40m | $387K | $288K | 20x |
| Short | Gate PTB_USDT | 0.0009711 | 0.0404 | get 0.0202% / 4h | 3h 40m | $1.6M | $3.4M | 25x |
BloFin PTB-USDT
Gate PTB_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
- $10.45
- Price spread: +0.414% → +0.009%
- $40.44
- Slippage, 4 orders
- −$106.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$82.47
- Costs to cover
- 1.334%
- Break-even
- 62.2 days
Slippage from BloFin: live order book, 35 min ago; Gate: 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, 35 min ago | 0.52 bp | 14.5 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 8.76 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDT | +0.0100% | 4h | 0.0009701 | +0.310% | $1.4M | $14.0M | 25x | as long as short |
| Variational Omni PTB | +0.0100% | 4h | 0.0009669 | −0.022% | $25K | $62K | — | as long as short |
| BloFin PTB-USDTlong | +0.0354% | 4h | 0.0009671 | long leg | $387K | $288K | 20x | |
| MEXC PTB_USDT | +0.0358% | 4h | 0.0009718 | +0.486% | $301K | $504K | 20x | as long as short |
| Binance PTBUSDT | +0.0358% | 4h | 0.0009712 | +0.424% | $6.7M | $83.4M | 20x | as long as short |
| Extended kPTB-USD | +0.0360% | 1h | 0.0009707 | +0.370% | $3K | $16K | 5x | as long as short |
| BingX PTB-USDT | +0.0376% | 4h | 0.0009707 | +0.372% | — | $1.9M | — | as long as short |
| Gate PTB_USDTshort | +0.0404% | 4h | 0.0009711 | +0.414% | $1.6M | $3.4M | 25x | |
| Aster PTBUSDT | +0.0594% | 4h | 0.0009713 | +0.434% | $68K | $652K | 5x | as long as short |
| KuCoin PTBUSDTM | +0.0860% | 4h | 0.0009709 | +0.393% | $1.4M | $5.8M | 20x | as long as short |
Bybit PTBUSDT
Variational Omni PTB
MEXC PTB_USDT
Binance PTBUSDT
Extended kPTB-USD
BingX PTB-USDT
Aster PTBUSDT
KuCoin PTBUSDTM