Funding you earn now, next payment 00:00 UTC+0.1169%/8h= +128.0% APRnext payment +$5.85 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Gate+0.088%7-day average +0.267% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now +0.088%, 7d avg +0.267%
=Funding pays, the price is against you. BloFin is 0.179% cheaper against Gate than usual: you would sell low and buy high (spread +0.088% now, against its 7-day average of +0.267%). If the spread goes back, that is −$18 on $10k: about 12 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.240% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.240% in total (about 12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.85 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 | Gate Q_USDT | 0.02509 | 0.0100 | pay 0.0050% / 4h | 9m 03s | $1.2M | $295K | 10x |
| Short | BloFin Q-USDT | 0.02512 | 0.1269 | get 0.0635% / 4h | 9m 03s | $372K | $73K | 40x |
Gate Q_USDT
BloFin Q-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
- $245.49
- Price spread: +0.088% → +0.267%
- −$17.92
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $200.57
- Costs to cover
- 0.270%
- Break-even
- 1.3 days
Slippage unknown: Gate: live order book, 3 min ago; BloFin: live order book, 1 min ago. Net counts fees only.
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, 3 min ago | 3.99 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 0.20 bp | 28.2 bp −$28 | 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_USDTlong | +0.0100% | 4h | 0.02509 | long leg | $1.2M | $295K | 10x | |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02507 | −0.100% | $663K | $20K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02506 | −0.139% | $2.2M | $131K | 20x | as long as short |
| Variational Omni Q | +0.0100% | 4h | 0.02508 | −0.070% | $2K | $1K | — | as long as short |
| Bybit QUSDT | +0.0614% | 4h | 0.02508 | −0.056% | $1.5M | $355K | 13x | as long as short |
| Aster QUSDT | +0.0858% | 4h | 0.02507 | −0.096% | $58K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.1160% | 4h | 0.02511 | +0.084% | — | $1.3M | — | as long as short |
| MEXC Q_USDT | +0.1220% | 4h | 0.02512 | +0.120% | $121K | $88K | 50x | as long as short |
| Binance QUSDT | +0.1224% | 4h | 0.02513 | +0.124% | $6.9M | $1.4M | 20x | as long as short |
| Extended Q-USD | +0.1224% | 1h | 0.02512 | +0.084% | $8K | $168K | 5x | as long as short |
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Bybit QUSDT
Aster QUSDT
BingX Q-USDT
MEXC Q_USDT
Binance QUSDT
Extended Q-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin Q-USDTshort | +0.1269% | 4h | 0.02512 | +0.088% | $372K | $73K | 40x |