SLX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0403%/8h= +44.1% APRnext payment +$2.01 per $10,000 · paid last 24h +0.041%

Price spread now: BloFin against Gate+0.060%78s7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$612as 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−$6236.229% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.060%, 7d avg +0.081%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.081%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.107% in total) that is about 32 hours. The two prices were read 78 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 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 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	Gate SLX_USDT	0.06638	0.0136	pay 0.0068% / 4h	29m 49s	$316K	$643K	25x
Short	BloFin SLX-USDT	0.06642	0.0539	get 0.0269% / 4h	29m 49s	$167K	$3K	25x

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

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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 +0.060%Rate

Funding earned: $84.53
Price spread: +0.060% → +0.081%: −$2.07
Slippage, 4 orders: −$595.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$540.45
Costs to cover: 6.229%
Break-even: 51.8 days

Slippage from Gate: live order book, 46 min ago; BloFin: live order book, 32 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, 46 min ago	3.01 bp	256.8 bp −$257	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 32 min ago	3.76 bp	16.9 bp −$17	35.7 bp −$357	doesn't fit	doesn't fit

SLX on 11 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
KuCoin SLXUSDTM	+0.0100%	4h	0.06633	−0.075%	$969K	$1.7M	20x	as long as short
Bitget SLXUSDT	+0.0100%	4h	0.06638	0.000%	$1.0M	$357K	20x	as long as short
SunX SLX-USDT	+0.0100%	4h	0.06647	+0.136%	$1K	$423K	20x	as long as short
Gate SLX_USDTlong	+0.0136%	4h	0.06638	long leg	$316K	$643K	25x
OKX SLX-USDT-SWAP	+0.0260%	4h	0.06637	−0.015%	$1.8M	$1.8M	20x	as long as short
MEXC SLX_USDT	+0.0482%	4h	0.06630	−0.121%	$1.9M	$216K	20x	as long as short
Binance SLXUSDT	+0.0483%	4h	0.06637	−0.010%	$2.5M	$2.9M	25x	as long as short
BloFin SLX-USDTshort	+0.0539%	4h	0.06642	+0.060%	$167K	$3K	25x
Aster SLXUSDT	+0.0549%	4h	0.06638	−0.005%	$15K	$28K	10x	as long as short
BingX SLX-USDT	+0.3412%	4h	0.06630	−0.121%	—	$1.7M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SLXUSDT	+0.3592%	4h	0.06607	−0.467%	$969K	$356K	20x	as long as short