Funding you earn now, next payment 00:00 UTC−0.0234%/8h= −25.6% APRnext payment −$2.34 per $10,000 · paid last 24h −0.024%
Price spread now: Bitget against BloFin−0.010%65s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$410.412% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now −0.010%, 7d avg −0.035%
=The price spread pays, funding is against you. Bitget is 0.025% dearer against BloFin than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.035%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.136% in total) that is about 31 hours. The two prices were read 65 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 -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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 FIL-USDT | 0.9786 | 0.0206 | pay 0.0206% / 8h | 2h 00m | $2.6M | $643K | 75x |
| Short | Bitget FILUSDT | 0.9785 | −0.0028 | pay 0.0028% / 8h | 2h 00m | $10.7M | $21.4M | 75x |
BloFin FIL-USDT
Bitget FILUSDTFunding 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
- −$49.17
- Price spread: −0.010% → −0.035%
- $2.51
- Slippage, 4 orders
- −$17.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$87.83
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 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, 3 min ago | 1.02 bp | 7.9 bp −$8 | 12.3 bp −$123 | 29.4 bp −$2,939 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.51 bp | 11.6 bp −$12 | 20.4 bp −$204 | 56.2 bp −$5,622 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.1381% | 1h | 0.9796 | +0.102% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0626% | 1h | 0.9792 | +0.058% | $1.4M | $2.2M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9856 | +0.715% | $315K | $1.9M | 50x | as long as short |
| Lighter FIL | −0.0304% | 1h | 0.9785 | −0.008% | $156K | $337K | 5x | as long as short |
| Bitget FILUSDTshort | −0.0028% | 8h | 0.9785 | −0.010% | $10.7M | $21.4M | 75x | |
| Bybit FILUSDT | −0.0026% | 8h | 0.9789 | +0.031% | $15.4M | $17.9M | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9793 | +0.071% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9792 | +0.065% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0018% | 8h | 0.9788 | +0.020% | $18.0M | $95.5M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0021% | 8h | 0.9787 | +0.010% | $7.3M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Lighter FIL
Bybit FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9850 | +0.654% | $2K | $182K | 12x | as long as short |
| Variational Omni FIL | +0.0057% | 8h | 0.9790 | +0.042% | $436K | $277K | — | as long as short |
| MEXC FIL_USDC | +0.0080% | 8h | 0.9783 | −0.031% | $249K | $106K | 50x | as long as short |
| Binance FILUSDT | +0.0086% | 8h | 0.9789 | +0.031% | $56.2M | $174.8M | 75x | as long as short |
| BingX FIL-USDT | +0.0086% | 8h | 0.9788 | +0.020% | — | $11.9M | — | as long as short |
| Extended FIL-USD | +0.0088% | 1h | 0.9787 | +0.012% | $685K | $2.3M | 10x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9789 | +0.028% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9792 | +0.058% | $484K | $514K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9786 | 0.000% | $7.7M | $16.4M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9793 | +0.069% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9772 | −0.139% | $286K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9780 | −0.061% | $29K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9800 | +0.142% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9790 | +0.041% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9789 | +0.031% | $475 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9795 | +0.092% | $620K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9790 | +0.041% | $1.0M | $2.3M | 50x | as long as short |
| BloFin FIL-USDTlong | +0.0206% | 8h | 0.9786 | long leg | $2.6M | $643K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0613% / S −0.0742% | 1h | 0.9794 | +0.078% | $212K | — | 100x | as long as short |
Injective FIL/USDC PERP
Variational Omni FIL
MEXC FIL_USDC
Binance FILUSDT
BingX FIL-USDT
Extended FIL-USD
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]