Funding you earn now, next payment 08:00 UTC+0.0809%/8h= +88.6% APRnext payment +$8.09 per $10,000 · paid last 24h +0.052%
Price spread now: BloFin against Bitget+0.025%65s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as 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−$410.405% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.025%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and BloFin is 0.051% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 65 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 0.243% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.09 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 COINUSDT | 197.49 | −0.0689 | get 0.0689% / 8h | 3h 52m | $6.3M | $10.4M | 20x |
| Short | BloFin COIN-USDT | 197.54 | 0.0120 | get 0.0120% / 8h | 3h 52m | $188K | $394K | 20x |
Bitget COINUSDT
BloFin COIN-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
- $169.89
- Price spread: +0.025% → −0.026%
- $5.1
- Slippage, 4 orders
- −$16.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $134.48
- Costs to cover
- 0.405%
- Break-even
- 1.5 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 43 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, 1 min ago | 1.77 bp | 11.9 bp −$12 | 14.8 bp −$148 | 88.2 bp −$8,818 | doesn't fit |
| Sell BloFin live order book, 43 min ago | 0.76 bp | 9.7 bp −$10 | 14.9 bp −$149 | 35.3 bp −$3,531 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTlong | −0.0689% | 8h | 197.49 | long leg | $6.3M | $10.4M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.28 | −0.106% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0215% | 8h | 197.43 | −0.030% | $1.2M | $7.2M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0109% | 1h | 196.71 | −0.395% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.49 | 0.000% | $345K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.34 | −0.074% | $117K | $692K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.40 | −0.046% | $14.8M | $79.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.47 | −0.010% | $4.9M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.43 | −0.030% | $3.1M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.30 | −0.096% | $681K | $935K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.26 | −0.114% | $12K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 197.39 | −0.051% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.35 | −0.071% | $450K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.44 | −0.025% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.28 | −0.106% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.33 | −0.081% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.34 | −0.076% | $83 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.18 | −0.157% | $350K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.31 | −0.091% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.23 | −0.132% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.35 | −0.071% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.36 | −0.065% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 197.54 | +0.025% | $188K | $394K | 20x | |
| Phoenix COIN | +0.0122% | 1h | 197.22 | −0.137% | $5K | $283K | 10x | as long as short |
| Lighter COIN | +0.0208% | 1h | 197.33 | −0.082% | $341K | $2.0M | 10x | as long as short |
| edgeX COINUSDC | +0.0851% | 4h | 197.27 | −0.111% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
Lighter COIN
edgeX COINUSDC