Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.027%
Price spread now: BloFin against Gate−0.040%48s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as 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−$570.567% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 3 days (all we have)−0.112%−$11 · spread now −0.040%, 7d avg −0.017%
=Funding pays, the price is against you. BloFin is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.082% in total) that is about 47 hours. The two prices were read 48 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 | Gate COIN_USDT | 202.08 | 0 | get 0.0000% / 8h | 2h 10m | $1.3M | $6.9M | 50x |
| Short | BloFin COIN-USDT | 202.00 | 0.0120 | get 0.0120% / 8h | 2h 10m | $200K | $339K | 20x |
Gate COIN_USDT
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $25.2
- Price spread: −0.040% → −0.017%
- −$2.28
- Slippage, 4 orders
- −$29.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.75
- Costs to cover
- 0.567%
- Break-even
- 16.4 days
Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 9 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 Gate live order book, 3 min ago | 4.95 bp | 18.3 bp −$18 | 106.6 bp −$1,066 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.25 bp | 8.4 bp −$8 | 13.9 bp −$139 | 34.9 bp −$3,486 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 202.10 | +0.010% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.18 | +0.048% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.05 | −0.017% | $120K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.09 | +0.005% | $15.6M | $77.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.09 | +0.005% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.01 | −0.035% | $3.3M | $4.8M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 202.08 | long leg | $1.3M | $6.9M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 202.06 | −0.010% | $760K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.09 | +0.004% | $18K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0020% | 8h | 202.10 | +0.010% | $6.9M | $10.0M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0027% | 1h | 202.18 | +0.049% | $1.4M | $3.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 202.07 | −0.002% | $369K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.03 | −0.025% | $431K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.19 | +0.054% | $16K | $56K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.20 | +0.059% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 202.07 | −0.005% | $16.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.06 | −0.010% | $160K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.06 | −0.010% | $72 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.96 | −0.059% | $355K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.05 | −0.015% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.02 | −0.030% | $91K | $534K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.08 | 0.000% | $584 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.08 | −0.002% | $119 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 202.00 | −0.040% | $200K | $339K | 20x | |
| Phoenix COIN | +0.0197% | 1h | 201.98 | −0.049% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0316% | 4h | 202.04 | −0.020% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
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