Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.008%
Price spread now: BloFin against Gate−0.152%48s7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as 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−$1731.726% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)−0.111%−$11 · spread now −0.152%, 7d avg −0.126%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.027% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.126%). Swap the legs. The two prices were read 48 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 TWT_USDT | 0.5904 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $269K | $106K | 50x |
| Short | BloFin TWT-USDT | 0.5895 | 0.0087 | get 0.0043% / 4h | 2h 36m | $262K | $12K | 75x |
Gate TWT_USDT
BloFin TWT-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
- −$2.78
- Price spread: −0.152% → −0.126%
- −$2.68
- Slippage, 4 orders
- −$145.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$178.1
- Costs to cover
- 1.726%
- Break-even
- never at this rate
Slippage from Gate: live order book, 48 min ago; BloFin: live order book, 47 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, 48 min ago | 10.19 bp | 58.9 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 9.34 bp | 22.9 bp −$23 | 68.9 bp −$689 | doesn't fit | doesn't fit |
TWT on 8 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 TWT-USDTshort | +0.0087% | 4h | 0.5895 | −0.152% | $262K | $12K | 75x | |
| Binance TWTUSDT | +0.0100% | 4h | 0.5901 | −0.051% | $3.9M | $2.3M | 75x | as long as short |
| Bybit TWTUSDT | +0.0100% | 4h | 0.5901 | −0.051% | $5.3M | $920K | 25x | as long as short |
| Gate TWT_USDTlong | +0.0100% | 8h | 0.5904 | long leg | $269K | $106K | 50x | |
| MEXC TWT_USDT | +0.0100% | 4h | 0.5899 | −0.085% | $6.8M | $166K | 125x | as long as short |
| KuCoin TWTUSDTM | +0.0100% | 4h | 0.5907 | +0.051% | $814K | $1.1M | 30x | as long as short |
| BingX TWT-USDT | +0.0100% | 4h | 0.5901 | −0.051% | — | $2.5M | — | as long as short |
| Variational Omni TWT | +0.0100% | 4h | 0.5896 | −0.135% | $225K | $1K | — | as long as short |
Binance TWTUSDT
Bybit TWTUSDT
MEXC TWT_USDT
KuCoin TWTUSDTM
BingX TWT-USDT
Variational Omni TWT