S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.068%

Price spread now: Gate against BloFin−0.228%48s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$217as 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−$1951.946% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.228%, 7d avg −0.008%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.220% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.008%). Swap the legs. The two prices were read 48 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	BloFin S-USDT	0.03945	0.0340	pay 0.0170% / 4h	2h 42m	$271K	$101K	75x
Short	Gate S_USDT	0.03936	0.0100	get 0.0050% / 4h	2h 42m	$320K	$183K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.228%Rate

Funding earned: −$50.4
Price spread: −0.228% → −0.008%: −$21.97
Slippage, 4 orders: −$167.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$266.95
Costs to cover: 1.946%
Break-even: never at this rate

Slippage from BloFin: live order book, 47 min ago; Gate: live order book, 3 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, 47 min ago	5.05 bp	27.1 bp −$27	72.2 bp −$722	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	8.88 bp	66.8 bp −$67	doesn't fit	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	−0.8848%	1h	0.03850	−2.408%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1846%	1h	0.03939	−0.140%	$32K	$14K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03929	−0.406%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03940	−0.117%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03938	−0.178%	$4	—	15x	as long as short
Variational Omni S	−0.0091%	4h	0.03942	−0.081%	$612K	$29K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03942	−0.072%	$608	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.929%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03940	−0.127%	$98K	$447K	10x	as long as short
Lighter S	+0.0096%	1h	0.03947	+0.051%	$167K	$138K	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	0.03940	−0.122%	$992K	$588K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03947	+0.054%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03942	−0.088%	$5.5M	$13.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03935	−0.253%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03938	−0.177%	$969K	$3.7M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.03936	−0.228%	$320K	$183K	50x
MEXC S_USDT	+0.0100%	4h	0.03942	−0.076%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03943	−0.051%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03943	−0.051%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03941	−0.101%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03950	+0.127%	$21K	$463K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03939	−0.164%	$222K	$595K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.03945	long leg	$271K	$101K	75x
Deribit S_USDC-PERPETUAL	+0.0511%	1h	0.03947	+0.051%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2092%	1h	0.03950	+0.127%	$115K	$426K	5x	as long as short