S

Alert: funding

Alert: spread

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

Price spread now: BloFin against Gate+0.077%93s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as 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−$1861.857% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 3 days (all we have)−0.239%−$24 · spread now +0.077%, 7d avg −0.011%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.088% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 93 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	Gate S_USDT	0.03903	0.0100	pay 0.0050% / 4h	1h 17m	$319K	$265K	50x
Short	BloFin S-USDT	0.03906	0.0340	get 0.0170% / 4h	1h 17m	$267K	$126K	75x

Funding 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 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 GatebpFee BloFinbpOrdersPrice spread, now +0.077%Rate

Funding earned: $50.4
Price spread: +0.077% → −0.011%: $8.76
Slippage, 4 orders: −$158.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$126.57
Costs to cover: 1.857%
Break-even: 24.6 days

Slippage from Gate: live order book, 63 min ago; BloFin: live order book, 59 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 Gate live order book, 63 min ago	7.65 bp	76.9 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 59 min ago	2.54 bp	18.0 bp −$18	47.6 bp −$476	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
Kraken Futures PF_SUSD	−0.1602%	1h	0.03901	−0.056%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−1.973%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0870%	4h	0.03900	−0.077%	$607K	$31K	—	as long as short
01 Exchange SUSD	−0.0264%	1h	0.03850	−1.358%	$23K	$2K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0197% / S +0.0190%	1h	0.03906	+0.082%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03903	−0.013%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03907	+0.093%	$602	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03904	+0.026%	$99K	$344K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+5.047%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03906	+0.077%	$164K	$223K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.03904	+0.038%	$43K	$212K	10x	as long as short
Hyperliquid S	+0.0100%	1h	0.03902	−0.031%	$979K	$716K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03901	−0.051%	$5.3M	$18.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03894	−0.231%	$5.6M	$5.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03900	−0.077%	$975K	$5.5M	20x	as long as short
Gate S_USDTlong	+0.0100%	4h	0.03903	long leg	$319K	$265K	50x
MEXC S_USDT	+0.0100%	4h	0.03901	−0.051%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03901	−0.051%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03906	+0.077%	$1.2M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03901	−0.051%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+0.179%	$25K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03899	−0.096%	$219K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0262%	1h	0.03908	+0.128%	$66K	$10K	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.03906	+0.077%	$267K	$126K	75x
Backpack S_USDC_PERP	+0.0471%	1h	0.03910	+0.179%	$114K	$300K	5x	as long as short