RED

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: BloFin against Bitget+0.119%65s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as 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−$1481.485% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.119%, 7d avg −0.013%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.132% dearer against Bitget than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.013%. 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	Bitget REDUSDT	0.1512	0.0100	pay 0.0050% / 4h	34m 08s	$722K	$294K	20x
Short	BloFin RED-USDT	0.1514	0.0112	get 0.0056% / 4h	34m 08s	$225K	$5K	25x

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 +0.119%Rate

Funding earned: $2.52
Price spread: +0.119% → −0.013%: $13.19
Slippage, 4 orders: −$124.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$132.78
Costs to cover: 1.485%
Break-even: 376.1 days

Slippage from Bitget: live order book, 41 min ago; BloFin: live order book, 36 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, 41 min ago	13.27 bp	26.6 bp −$27	97.2 bp −$972	doesn't fit	doesn't fit
Sell BloFin live order book, 36 min ago	6.63 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit

RED 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
Aster REDUSDT	+0.0100%	4h	0.1513	+0.076%	$26K	$38K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1512	0.000%	$2.4M	$3.8M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1512	+0.026%	$2.2M	$1.7M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1514	+0.132%	$349K	$151K	25x	as long as short
Bitget REDUSDTlong	+0.0100%	4h	0.1512	long leg	$722K	$294K	20x
Variational Omni RED	+0.0100%	4h	0.1514	+0.127%	$25K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1547	+2.315%	$1K	$667K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1512	−0.019%	$30	—	5x	as long as short
BloFin RED-USDTshort	+0.0112%	4h	0.1514	+0.119%	$225K	$5K	25x
MEXC RED_USDT	+0.0386%	4h	0.1511	−0.066%	$560K	$174K	20x	as long as short