Funding you earn now, next payment 00:00 UTC−0.0959%/8h= −105.0% APRnext payment −$4.80 per $10,000 · paid last 24h −0.114%
Price spread now: Gate against BloFin−0.115%63s7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as 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−$1981.975% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 3 days (all we have)−0.130%−$13 · spread now −0.115%, 7d avg −0.139%
=The price spread pays, funding is against you. Gate is 0.024% dearer against BloFin than usual: you sell high and buy low (spread −0.115% now, against its 7-day average of −0.139%): +$2 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.353% in total) that is about 11 hours. The two prices were read 63 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 -0.353% in total (about -18.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.80 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 US-USDT | 0.01646 | 0.1059 | pay 0.0530% / 4h | 34m 08s | $477K | $49K | 10x |
| Short | Gate US_USDT | 0.01644 | 0.0100 | get 0.0050% / 4h | 34m 08s | $2.1M | $552K | 20x |
BloFin US-USDT
Gate US_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$201.42
- Price spread: −0.115% → −0.139%
- $2.38
- Slippage, 4 orders
- −$170.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$396.59
- Costs to cover
- 1.975%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 42 min ago; Gate: live order book, 4 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, 42 min ago | 3.67 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.90 bp | 73.9 bp −$74 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | +0.0062% | 4h | 0.01642 | −0.249% | $4.2M | $279K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01644 | −0.109% | $3.2M | $865K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01644 | −0.115% | $2.1M | $552K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01646 | +0.031% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0744% | 4h | 0.01646 | +0.024% | $4.3M | $253K | 10x | as long as short |
| Aster USUSDT | +0.0905% | 4h | 0.01644 | −0.108% | $12K | $55K | 5x | as long as short |
| BingX US-USDT | +0.0950% | 4h | 0.01646 | −0.018% | — | $1.3M | — | as long as short |
| Extended US-USD | +0.1016% | 1h | 0.01644 | −0.112% | $4K | $141K | 5x | as long as short |
| Binance USUSDT | +0.1019% | 4h | 0.01644 | −0.090% | $9.2M | $3.1M | 10x | as long as short |
| MEXC US_USDT | +0.1028% | 4h | 0.01644 | −0.097% | $5.5M | $115K | 100x | as long as short |
KuCoin USUSDTM
Bybit USUSDT
Variational Omni US
Bitget USUSDT
Aster USUSDT
BingX US-USDT
Extended US-USD
Binance USUSDT
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDTlong | +0.1059% | 4h | 0.01646 | long leg | $477K | $49K | 10x |