Funding you earn now, next payment 04:00 UTC+0.0320%/8h= +35.0% APRnext payment +$1.60 per $10,000 · paid last 24h +0.018%
Price spread now: BloFin against Bitget−0.048%65s7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as 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−$1651.651% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.355%+$35 · spread now −0.048%, 7d avg +0.049%
=Funding pays, the price is against you. BloFin is 0.097% cheaper against Bitget than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.049%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.063% in total) that is about 11 days. The two prices were read 65 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 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.60 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 | Bitget THEUSDT | 0.08270 | 0.0100 | pay 0.0050% / 4h | 30m 07s | $445K | $373K | 10x |
| Short | BloFin THE-USDT | 0.08266 | 0.0420 | get 0.0210% / 4h | 30m 07s | $144K | $5K | 50x |
Bitget THEUSDT
BloFin THE-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $67.11
- Price spread: −0.048% → +0.049%
- −$9.73
- Slippage, 4 orders
- −$141.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.67
- Costs to cover
- 1.651%
- Break-even
- 18.2 days
Slippage from Bitget: live order book, 21 min ago; BloFin: live order book, 66 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, 21 min ago | 10.32 bp | 53.0 bp −$53 | 807.0 bp −$8,070 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 66 min ago | 4.26 bp | 25.5 bp −$25 | 97.0 bp −$970 | doesn't fit | doesn't fit |
THE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08290 | +0.242% | $66K | $77K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08261 | −0.109% | $115K | $108K | 10x | as long as short |
| Bitget THEUSDTlong | +0.0100% | 4h | 0.08270 | long leg | $445K | $373K | 10x | |
| BloFin THE-USDTshort | +0.0420% | 4h | 0.08266 | −0.048% | $144K | $5K | 50x | |
| Binance THEUSDT | +0.0424% | 4h | 0.08279 | +0.114% | $2.2M | $4.8M | 10x | as long as short |
| Aster THEUSDT | +0.0425% | 4h | 0.08270 | +0.006% | $5K | $12K | 5x | as long as short |
| MEXC THE_USDT | +0.0428% | 4h | 0.08274 | +0.048% | $194K | $143K | 50x | as long as short |
| BingX THE-USDT | +0.0760% | 4h | 0.08285 | +0.181% | — | $6.5M | — | as long as short |
| Bybit THEUSDT | +0.0815% | 4h | 0.08275 | +0.060% | $554K | $449K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Binance THEUSDT
Aster THEUSDT
MEXC THE_USDT
BingX THE-USDT
Bybit THEUSDT