S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.061%

Price spread now: BloFin against Bitget−0.279%45s7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$840.842% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$29 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.279%, 7d avg −0.085%

Together, before fees+0.168%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.194% cheaper against Bitget than usual: you would sell low and buy high (spread −0.279% now, against its 7-day average of −0.085%). If the spread goes back, that is −$19 on $10k: about 2.7 days of funding at the current rate (+$7 a day). The two prices were read 45 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 SUSDT	0.03946	0.0100	pay 0.0050% / 4h	4m 24s	$1.2M	$2.2M	50x
Short	BloFin S-USDT	0.03935	0.0340	get 0.0170% / 4h	4m 24s	$267K	$99K	75x

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 −0.279%Rate

Funding earned: $50.4
Price spread: −0.279% → −0.085%: −$19.37
Slippage, 4 orders: −$60.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$53.18
Costs to cover: 0.842%
Break-even: 14.4 days

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 30 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, 3 min ago	6.27 bp	27.4 bp −$27	73.7 bp −$737	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	6.21 bp	20.8 bp −$21	52.3 bp −$523	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.6360%	1h	0.03930	−0.405%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2598%	1h	0.03929	−0.421%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03908	−0.963%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03932	−0.347%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03940	−0.156%	$4	—	15x	as long as short
Variational Omni S	−0.0036%	4h	0.03906	−1.006%	$607K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03943	−0.078%	$608	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.903%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0071%	4h	0.03932	−0.355%	$97K	$281K	10x	as long as short
Lighter S	+0.0096%	1h	0.03932	−0.355%	$165K	$158K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03941	−0.122%	$987K	$570K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03933	−0.322%	$43K	$131K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03939	−0.177%	$5.4M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03932	−0.355%	$5.6M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03938	−0.203%	$998K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03932	−0.355%	$321K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03940	−0.152%	$3.6M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03937	−0.228%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.03946	long leg	$1.2M	$2.2M	50x
BingX S-USDT	+0.0100%	4h	0.03937	−0.228%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03990	+1.115%	$24K	$463K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03936	−0.257%	$221K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0259%	1h	0.03935	−0.279%	$66K	$10K	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.03935	−0.279%	$267K	$99K	75x
Backpack S_USDC_PERP	+0.1081%	1h	0.03940	−0.152%	$115K	$421K	5x	as long as short