US

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0355%/8h= +38.8% APRnext payment +$1.77 per $10,000 · paid last 24h +0.037%

Price spread now: BloFin against Bitget+0.370%95s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as 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−$1531.530% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 3 days (all we have)−0.299%−$30 · spread now +0.370%, 7d avg −0.033%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.403% dearer against Bitget than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.033%. 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 0.179% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.77 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 USUSDT	0.01621	0.0278	pay 0.0139% / 4h	2h 55m	$4.3M	$251K	10x
Short	BloFin US-USDT	0.01627	0.0633	get 0.0316% / 4h	2h 55m	$477K	$48K	10x

Funding 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 it

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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.370%Rate

Funding earned: $74.48
Price spread: +0.370% → −0.033%: $40.34
Slippage, 4 orders: −$129.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$38.19
Costs to cover: 1.530%
Break-even: 10.6 days

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 10 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, 2 min ago	10.74 bp	48.2 bp −$48	436.1 bp −$4,361	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	1.84 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit

US 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
Bybit USUSDT	+0.0100%	4h	0.01620	−0.043%	$3.2M	$889K	20x	as long as short
Gate US_USDT	+0.0100%	4h	0.01617	−0.222%	$2.0M	$568K	20x	as long as short
KuCoin USUSDTM	+0.0100%	4h	0.01619	−0.117%	$4.1M	$278K	20x	as long as short
Variational Omni US	+0.0100%	4h	0.01620	−0.028%	$16K	$3K	—	as long as short
Bitget USUSDTlong	+0.0278%	4h	0.01621	long leg	$4.3M	$251K	10x
Aster USUSDT	+0.0571%	4h	0.01621	+0.033%	$12K	$53K	5x	as long as short
BloFin US-USDTshort	+0.0633%	4h	0.01627	+0.370%	$477K	$48K	10x
MEXC US_USDT	+0.0644%	4h	0.01620	−0.043%	$5.4M	$112K	100x	as long as short
Binance USUSDT	+0.0645%	4h	0.01620	−0.043%	$9.0M	$3.2M	10x	as long as short
Extended US-USD	+0.0648%	1h	0.01620	−0.030%	$2K	$100K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX US-USDT	+0.0690%	4h	0.01620	−0.031%	—	$1.3M	—	as long as short