Funding you earn now, next payment 16:00 UTC+0.0462%/8h= +50.6% APRnext payment +$4.62 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Gate−0.023%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.031% in total) that is about 5.1 days. The two prices were read 108 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 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.62 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate JPM_USDT | 352.37 | −0.0461 | get 0.0461% / 8h | 5h 29m | $727K | $144K | 25x |
| Short | BloFin JPM-USDT | 352.29 | 0.0001 | get 0.0001% / 8h | 5h 29m | $91K | $28K | 20x |
Gate JPM_USDT
BloFin JPM-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
- $96.98
- Price spread: −0.023% → 0.000%
- −$2.27
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $67.71
- Costs to cover
- 0.270%
- Break-even
- 2.1 days
Slippage unknown: Gate: live order book, 15 min ago; BloFin: no order-book sample. Net counts fees only.
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, 15 min ago | 5.25 bp | 162.2 bp −$162 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
JPM on 14 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JPM_USDTlong | −0.0461% | 8h | 352.37 | long leg | $727K | $144K | 25x | |
| QFEX JPM-USD | −0.0160% | 1h | 351.62 | −0.213% | $1.1M | $2.4M | 10x | as long as short |
| Aster JPMUSDT | 0.0000% | 8h | 352.46 | +0.025% | $3K | $388 | 20x | as long as short |
| Binance JPMUSDT | 0.0000% | 8h | 352.29 | −0.022% | $935K | $475K | 20x | as long as short |
| Bybit JPMUSDT | 0.0000% | 8h | 352.57 | +0.057% | $154K | $55K | 25x | as long as short |
| Bitget JPMUSDT | 0.0000% | 8h | 352.23 | −0.040% | $205K | $11K | 20x | as long as short |
| Variational Omni JPM | 0.0000% | 8h | 352.20 | −0.048% | $120K | $6K | — | as long as short |
| GRVT JPM_USDT_Perp | 0.0000% | 8h | 352.33 | −0.012% | $5K | $78K | 10x | as long as short |
| SunX JPM-USDT | 0.0000% | 8h | 352.10 | −0.077% | $1K | $754K | 10x | as long as short |
| HTX JPM-USDT | 0.0000% | 8h | 352.08 | −0.082% | $7K | $39K | 20x | as long as short |
QFEX JPM-USD
Aster JPMUSDT
Binance JPMUSDT
Bybit JPMUSDT
Bitget JPMUSDT
Variational Omni JPM
GRVT JPM_USDT_Perp
SunX JPM-USDT
HTX JPM-USDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin JPM-USDTshort | +0.0001% | 8h | 352.29 | −0.023% | $91K | $28K | 20x | |
| Injective JPM/USDC PERP | +0.0033% | 1h | 345.91 | −1.833% | $7K | $34K | 12x | as long as short |
| KuCoin JPMUSDTM | +0.0100% | 8h | 352.41 | +0.011% | $155K | $1.1M | 20x | as long as short |
| edgeX JPMUSDC | +0.0381% | 4h | 352.21 | −0.046% | $36K | $172K | 10x | as long as short |
Injective JPM/USDC PERP
KuCoin JPMUSDTM
edgeX JPMUSDC