Funding you earn now, next payment 04:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.128%
Price spread now: BloFin against Gate+0.238%93s7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as 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−$1751.751% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.238%, 7d avg −0.045%
=The price spread pays, funding is against you. BloFin is 0.283% dearer against Gate than usual: you sell high and buy low (spread +0.238% now, against its 7-day average of −0.045%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.025% in total) that is about 3 months. 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 SKL_USDT | 0.004620 | 0.0100 | pay 0.0050% / 4h | 49m 30s | $192K | $229K | 50x |
| Short | BloFin SKL-USDT | 0.004631 | 0.0061 | get 0.0031% / 4h | 49m 30s | $185K | $43K | 50x |
Gate SKL_USDT
BloFin SKL-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.13
- Price spread: +0.238% → −0.045%
- $28.28
- Slippage, 4 orders
- −$148.14
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$155
- Costs to cover
- 1.751%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 48 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, 2 min ago | 21.65 bp | 79.0 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 min ago | 2.14 bp | 34.2 bp −$34 | 73.7 bp −$737 | doesn't fit | doesn't fit |
SKL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SKL-USDTshort | +0.0061% | 4h | 0.004631 | +0.238% | $185K | $43K | 50x | |
| Binance SKLUSDT | +0.0100% | 4h | 0.004625 | +0.108% | $2.8M | $8.8M | 50x | as long as short |
| Bybit SKLUSDT | +0.0100% | 8h | 0.004627 | +0.152% | $899K | $1.0M | 25x | as long as short |
| Gate SKL_USDTlong | +0.0100% | 4h | 0.004620 | long leg | $192K | $229K | 50x | |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004625 | +0.108% | $397K | $193K | 20x | as long as short |
| KuCoin SKLUSDTM | +0.0100% | 4h | 0.004630 | +0.216% | $827K | $355K | 30x | as long as short |
| Bitget SKLUSDT | +0.0100% | 4h | 0.004625 | +0.108% | $496K | $880K | 25x | as long as short |
| BingX SKL-USDT | +0.0100% | 4h | 0.004626 | +0.130% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004632 | +0.264% | $711 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSD | +0.1991% | 1h | 0.004635 | +0.315% | $5K | $5K | 10x | as long as short |
Binance SKLUSDT
Bybit SKLUSDT
MEXC SKL_USDT
KuCoin SKLUSDTM
Bitget SKLUSDT
BingX SKL-USDT
Variational Omni SKL
Kraken Futures PF_SKLUSD