Q

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0752%/8h= +82.4% APRnext payment +$3.76 per $10,000 · paid last 24h +0.089%

Price spread now: BloFin against Bitget+0.016%7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

Price spread, last 4 days (all we have)+0.694%+$69 · spread now +0.016%, 7d avg +0.180%

Together, before fees+0.993%+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.165% cheaper against Bitget than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.180%). If the spread goes back, that is −$16 on $10k: about 18 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.299% in total) that is about 3.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.299% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QUSDT	0.02545	0.0100	pay 0.0050% / 4h	1h 43m	$2.3M	$122K	20x
Short	BloFin Q-USDT	0.02546	0.0852	get 0.0426% / 4h	1h 43m	$380K	$71K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $157.95
Price spread: +0.016% → +0.180%: −$16.46
Slippage, 4 orders: −$92.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.21
Costs to cover: 1.163%
Break-even: 5.9 days

Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 82 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 Bitget live order book, 4 min ago	6.51 bp	27.6 bp −$28	490.9 bp −$4,909	doesn't fit	doesn't fit
Sell BloFin live order book, 82 min ago	0.20 bp	29.5 bp −$30	doesn't fit	doesn't fit	doesn't fit

Q 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
Gate Q_USDT	+0.0100%	4h	0.02544	−0.071%	$1.2M	$273K	10x	as long as short
KuCoin QUSDTM	+0.0100%	4h	0.02539	−0.255%	$672K	$19K	20x	as long as short
Bitget QUSDTlong	+0.0100%	4h	0.02545	long leg	$2.3M	$122K	20x
Variational Omni Q	+0.0548%	4h	0.02535	−0.426%	$611	$2K	—	as long as short
Bybit QUSDT	+0.0650%	4h	0.02544	−0.055%	$1.5M	$345K	13x	as long as short
Aster QUSDT	+0.0753%	4h	0.02541	−0.172%	$59K	$52K	5x	as long as short
BingX Q-USDT	+0.0782%	4h	0.02542	−0.145%	—	$1.3M	—	as long as short
MEXC Q_USDT	+0.0842%	4h	0.02548	+0.094%	$122K	$86K	50x	as long as short
BloFin Q-USDTshort	+0.0852%	4h	0.02546	+0.016%	$380K	$71K	40x
Binance QUSDT	+0.0854%	4h	0.02549	+0.126%	$7.0M	$1.4M	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended Q-USD	+0.0856%	1h	0.02548	+0.084%	$11K	$163K	5x	as long as short