Funding you earn now, next payment 08:00 UTC−0.0336%/8h= −36.8% APRnext payment −$3.36 per $10,000 · paid last 24h +0.012%
Price spread now: Gate against BloFin+0.066%63s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$460.457% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.066%, 7d avg +0.018%
=The price spread pays, funding is against you. Gate is 0.048% dearer against BloFin than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.018%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.081% in total) that is about 4.1 days. 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 -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.36 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 | 196.41 | 0.0120 | pay 0.0120% / 8h | 2h 52m | $188K | $394K | 20x |
| Short | Gate COIN_USDT | 196.54 | −0.0216 | pay 0.0216% / 8h | 2h 52m | $1.2M | $7.3M | 50x |
BloFin COIN-USDT
Gate COIN_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
- −$70.56
- Price spread: +0.066% → +0.018%
- $4.78
- Slippage, 4 orders
- −$18.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$111.52
- Costs to cover
- 0.457%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 38 min ago; Gate: live order book, 1 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, 38 min ago | 1.02 bp | 8.5 bp −$8 | 14.7 bp −$147 | 32.4 bp −$3,242 | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.56 bp | 13.2 bp −$13 | 40.3 bp −$403 | 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 COINUSDT | −0.0740% | 8h | 196.58 | +0.087% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.35 | −0.031% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDTshort | −0.0216% | 8h | 196.54 | +0.066% | $1.2M | $7.3M | 50x | |
| Vest COIN-USD-PERP | −0.0112% | 1h | 195.81 | −0.305% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.43 | +0.010% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.47 | +0.029% | $117K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.50 | +0.046% | $14.7M | $80.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.47 | +0.031% | $4.8M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.34 | −0.036% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.44 | +0.016% | $690K | $943K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
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 | 196.55 | +0.070% | $10K | $2.5M | 10x | as long as short |
| edgeX COINUSDC | +0.0009% | 4h | 196.31 | −0.049% | $51K | $295K | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.48 | +0.038% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.44 | +0.015% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.41 | 0.000% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.44 | +0.015% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.34 | −0.036% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.33 | −0.041% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.46 | +0.025% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.21 | −0.102% | $351K | $2.7M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.30 | −0.056% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.31 | −0.051% | $989K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.38 | −0.015% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.48 | +0.036% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.48 | +0.036% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 196.41 | long leg | $188K | $394K | 20x |
GRVT COIN_USDT_Perp
edgeX COINUSDC
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP