Funding you earn now, next payment 04:00 UTC−0.0362%/8h= −39.7% APRnext payment −$1.81 per $10,000 · paid last 24h −0.018%
Price spread now: Bitget against BloFin−0.086%95s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as 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−$1151.152% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)−0.050%−$5 · spread now −0.086%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.037% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 95 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 −$1.81 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 | BloFin THE-USDT | 0.08112 | 0.0462 | pay 0.0231% / 4h | 3h 41m | $131K | $4K | 50x |
| Short | Bitget THEUSDT | 0.08105 | 0.0100 | get 0.0050% / 4h | 3h 41m | $403K | $317K | 10x |
BloFin THE-USDT
Bitget THEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$76.06
- Price spread: −0.086% → −0.050%
- −$3.68
- Slippage, 4 orders
- −$91.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$194.9
- Costs to cover
- 1.152%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 14 min ago; Bitget: live order book, 24 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, 14 min ago | 1.86 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 8.06 bp | 31.7 bp −$32 | 314.6 bp −$3,146 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX THE-USDT | +0.0070% | 4h | 0.08100 | −0.148% | — | $6.5M | — | as long as short |
| Bitget THEUSDTshort | +0.0100% | 4h | 0.08105 | −0.086% | $403K | $317K | 10x | |
| Gate THE_USDT | +0.0174% | 4h | 0.08110 | −0.025% | $67K | $68K | 10x | as long as short |
| Aster THEUSDT | +0.0275% | 4h | 0.08106 | −0.068% | $5K | $7K | 5x | as long as short |
| KuCoin THEUSDTM | +0.0294% | 4h | 0.08110 | −0.025% | $130K | $75K | 10x | as long as short |
| Binance THEUSDT | +0.0402% | 4h | 0.08103 | −0.111% | $2.0M | $3.7M | 10x | as long as short |
| MEXC THE_USDT | +0.0404% | 4h | 0.08106 | −0.074% | $186K | $135K | 50x | as long as short |
| BloFin THE-USDTlong | +0.0462% | 4h | 0.08112 | long leg | $131K | $4K | 50x | |
| Bybit THEUSDT | +0.0586% | 4h | 0.08107 | −0.062% | $556K | $332K | 20x | as long as short |
BingX THE-USDT
Gate THE_USDT
Aster THEUSDT
KuCoin THEUSDTM
Binance THEUSDT
MEXC THE_USDT
Bybit THEUSDT