Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Gate+0.110%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2012.012% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.110%, 7d avg +0.171%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.061% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.171%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ATH_USDT | 0.005436 | 0.0100 | pay 0.0050% / 4h | 2h 34m | $777K | $601K | 30x |
| Short | BloFin ATH-USDT | 0.005442 | 0.0071 | get 0.0036% / 4h | 2h 34m | $164K | $69K | 75x |
Gate ATH_USDT
BloFin ATH-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
- −$6.07
- Price spread: +0.110% → +0.171%
- −$6.08
- Slippage, 4 orders
- −$174.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$213.32
- Costs to cover
- 2.012%
- Break-even
- never at this rate
Slippage from Gate: live order book, 12 min ago; BloFin: live order book, 45 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, 12 min ago | 5.50 bp | 80.3 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 4.55 bp | 32.8 bp −$33 | 80.7 bp −$807 | doesn't fit | doesn't fit |
ATH on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATHUSD | −0.1947% | 1h | 0.005440 | +0.074% | $19K | $107K | 10x | as long as short |
| Variational Omni ATH | −0.0138% | 4h | 0.005424 | −0.218% | $182K | $93K | — | as long as short |
| dYdX ATH-USD | 0.0000% | 1h | 0.005455 | +0.352% | $11K | $59 | 5x | as long as short |
| BloFin ATH-USDTshort | +0.0071% | 4h | 0.005442 | +0.110% | $164K | $69K | 75x | |
| Aster ATHUSDT | +0.0100% | 4h | 0.005441 | +0.087% | $5K | $40K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005437 | +0.018% | $3.2M | $4.3M | 50x | as long as short |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005419 | −0.313% | $4.3M | $2.6M | 25x | as long as short |
| OKX ATH-USDT-SWAP | +0.0100% | 4h | 0.005422 | −0.258% | $700K | $1.3M | 20x | as long as short |
| Gate ATH_USDTlong | +0.0100% | 4h | 0.005436 | long leg | $777K | $601K | 30x | |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005440 | +0.074% | $8.8M | $656K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
Aster ATHUSDT
Binance ATHUSDT
Bybit ATHUSDT
OKX ATH-USDT-SWAP
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005437 | +0.018% | $543K | $80K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005436 | 0.000% | $1.5M | $923K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005438 | +0.037% | — | $21.4M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT