Funding you earn now, next payment 04:00 UTC−0.0389%/8h= −42.6% APRnext payment −$1.95 per $10,000 · paid last 24h −0.052%
Price spread now: Bitget against BloFin−0.079%105s7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$870.871% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 3 days (all we have)−0.144%−$14 · spread now −0.079%, 7d avg −0.112%
=The price spread pays, funding is against you. Bitget is 0.033% dearer against BloFin than usual: you sell high and buy low (spread −0.079% now, against its 7-day average of −0.112%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.95 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 | BloFin RIVER-USDT | 1.2700 | 0.0595 | pay 0.0298% / 4h | 3h 43m | $422K | $33K | 50x |
| Short | Bitget RIVERUSDT | 1.2690 | 0.0206 | get 0.0103% / 4h | 3h 43m | $3.0M | $1.9M | 20x |
BloFin RIVER-USDT
Bitget RIVERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$81.72
- Price spread: −0.079% → −0.112%
- $3.3
- Slippage, 4 orders
- −$63.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$165.49
- Costs to cover
- 0.871%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 27 min ago; Bitget: live order book, 4 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, 27 min ago | 3.95 bp | 32.9 bp −$33 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.95 bp | 16.7 bp −$17 | 234.5 bp −$2,345 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2690 | −0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2700 | 0.000% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2680 | −0.157% | $2.5M | $2.4M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2696 | −0.028% | $36K | $424K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2660 | −0.315% | $2K | $997K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2670 | −0.236% | $48K | $95K | 20x | as long as short |
| Gate RIVER_USDT | +0.0136% | 4h | 1.2700 | 0.000% | $427K | $111K | 20x | as long as short |
| Bitget RIVERUSDTshort | +0.0206% | 4h | 1.2690 | −0.079% | $3.0M | $1.9M | 20x | |
| Variational Omni RIVER | +0.0421% | 4h | 1.2663 | −0.291% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.0548% | 4h | 1.2710 | +0.079% | — | $6.8M | — | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Gate RIVER_USDT
Variational Omni RIVER
BingX RIVER-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0554% | 4h | 1.2690 | −0.079% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0560% | 4h | 1.2710 | +0.079% | $6.1M | $10.5M | 50x | as long as short |
| BloFin RIVER-USDTlong | +0.0595% | 4h | 1.2700 | long leg | $422K | $33K | 50x | |
| Aster RIVERUSDT | +0.0600% | 4h | 1.2667 | −0.257% | $73K | $31K | 10x | as long as short |
| Bybit RIVERUSDT | +0.0742% | 4h | 1.2700 | 0.000% | $3.8M | $1.7M | 25x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0790% | 1h | 1.2689 | −0.083% | $57K | $71K | 10x | as long as short |
MEXC RIVER_USDT
Binance RIVERUSDT
Aster RIVERUSDT
Bybit RIVERUSDT
Kraken Futures PF_RIVERUSD