Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget−0.011%85s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$340as 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−$3383.382% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.011%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.026% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 85 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 | Bitget YBUSDT | 0.09022 | 0.0100 | pay 0.0050% / 4h | 23m 42s | $550K | $27K | 10x |
| Short | BloFin YB-USDT | 0.09021 | 0.0054 | get 0.0027% / 4h | 23m 42s | $105K | $12K | 20x |
Bitget YBUSDT
BloFin YB-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
- −$9.63
- Price spread: −0.011% → +0.015%
- −$2.58
- Slippage, 4 orders
- −$314.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$350.39
- Costs to cover
- 3.382%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 11 min ago; BloFin: live order book, 42 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, 11 min ago | 14.41 bp | 157.4 bp −$157 | 644.7 bp −$6,447 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 42 min ago | 1.66 bp | 25.3 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
YB on 12 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 YB-USDTshort | +0.0054% | 4h | 0.09021 | −0.011% | $105K | $12K | 20x | |
| Aster YBUSDT | +0.0100% | 4h | 0.09034 | +0.137% | $7K | $2K | 5x | as long as short |
| Binance YBUSDT | +0.0100% | 4h | 0.09018 | −0.042% | $2.1M | $1.1M | 20x | as long as short |
| Bybit YBUSDT | +0.0100% | 4h | 0.09014 | −0.089% | $594K | $105K | 25x | as long as short |
| OKX YB-USDT-SWAP | +0.0100% | 4h | 0.09005 | −0.188% | $416K | $224K | 20x | as long as short |
| Gate YB_USDT | +0.0100% | 4h | 0.09020 | −0.022% | $103K | $23K | 20x | as long as short |
| MEXC YB_USDT | +0.0100% | 4h | 0.09000 | −0.244% | $625K | $125K | 50x | as long as short |
| KuCoin YBUSDTM | +0.0100% | 4h | 0.09040 | +0.200% | $206K | $43K | 20x | as long as short |
| Bitget YBUSDTlong | +0.0100% | 4h | 0.09022 | long leg | $550K | $27K | 10x | |
| BingX YB-USDT | +0.0100% | 4h | 0.09012 | −0.111% | — | $6.5M | — | as long as short |
Aster YBUSDT
Binance YBUSDT
Bybit YBUSDT
OKX YB-USDT-SWAP
Gate YB_USDT
MEXC YB_USDT
KuCoin YBUSDTM
BingX YB-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni YB | +0.0100% | 4h | 0.09012 | −0.113% | $3K | $3K | — | as long as short |
| SunX YB-USDT | +0.0100% | 4h | 0.09210 | +2.084% | $1K | $1.4M | 20x | as long as short |
Variational Omni YB
SunX YB-USDT