Funding you earn now, next payment 08:00 UTC−0.0800%/8h= −87.6% APRnext payment −$8.00 per $10,000 · paid last 24h −0.052%
Price spread now: Bitget against BloFin−0.020%105s7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as 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)+0.065%+$6 · spread now −0.020%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bitget is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 105 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 −$8.00 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 COIN-USDT | 197.19 | 0.0120 | pay 0.0120% / 8h | 3h 49m | $187K | $393K | 20x |
| Short | Bitget COINUSDT | 197.15 | −0.0680 | pay 0.0680% / 8h | 3h 49m | $6.2M | $10.4M | 20x |
BloFin COIN-USDT
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$168
- Price spread: −0.020% → +0.026%
- −$4.59
- Slippage, 4 orders
- −$16.51
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$213.1
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 46 min ago; Bitget: 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, 46 min ago | 0.76 bp | 9.1 bp −$9 | 14.6 bp −$146 | 34.4 bp −$3,444 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.77 bp | 9.8 bp −$10 | 17.5 bp −$175 | doesn't fit | 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 COINUSDTshort | −0.0680% | 8h | 197.15 | −0.020% | $6.2M | $10.4M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.29 | +0.051% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0223% | 8h | 197.03 | −0.081% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 196.41 | −0.396% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.08 | −0.053% | $344K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.01 | −0.091% | $117K | $692K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.01 | −0.092% | $14.7M | $79.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.01 | −0.091% | $4.8M | $6.0M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.06 | −0.066% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.21 | +0.010% | $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 | 197.44 | +0.127% | $18K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0020% | 1h | 197.01 | −0.091% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.98 | −0.106% | $451K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.32 | +0.066% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.84 | −0.177% | $15.4M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.84 | −0.177% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.05 | −0.071% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.01 | −0.091% | $357K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.93 | −0.132% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.27 | +0.041% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.93 | −0.132% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.01 | −0.091% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 197.19 | long leg | $187K | $393K | 20x | |
| Phoenix COIN | +0.0122% | 1h | 197.05 | −0.071% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0220% | 4h | 197.34 | +0.074% | $51K | $295K | 10x | as long as short |
| Lighter COIN | +0.0248% | 1h | 197.00 | −0.095% | $340K | $2.0M | 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
edgeX COINUSDC
Lighter COIN