IO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Bitget−0.338%65s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as 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−$1091.086% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.338%, 7d avg −0.045%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.293% cheaper against Bitget than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 65 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	Bitget IOUSDT	0.1479	0.0100	pay 0.0050% / 4h	48m 14s	$1.3M	$793K	50x
Short	BloFin IO-USDT	0.1474	0.0090	get 0.0045% / 4h	48m 14s	$189K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersPrice spread, now −0.338%Rate

Funding earned: −$2.17
Price spread: −0.338% → −0.045%: −$29.33
Slippage, 4 orders: −$84.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$140.13
Costs to cover: 1.086%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 50 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 Bitget live order book, 1 min ago	3.39 bp	33.1 bp −$33	284.7 bp −$2,847	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	10.13 bp	16.1 bp −$16	49.4 bp −$494	524.8 bp −$52.5K	doesn't fit

IO 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
Injective IO/USDC PERP	+0.0033%	1h	0.1494	+1.014%	$2K	$185	5.5x	as long as short
BloFin IO-USDTshort	+0.0090%	4h	0.1474	−0.338%	$189K	$27K	50x
Hyperliquid IO	+0.0100%	1h	0.1480	+0.061%	$990K	$272K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1479	+0.017%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1479	+0.006%	$2.9M	$4.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1479	0.000%	$1.1M	$519K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1479	−0.027%	$213K	$397K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1477	−0.135%	$1.2M	$201K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1477	−0.135%	$336K	$190K	50x	as long as short
Bitget IOUSDTlong	+0.0100%	4h	0.1479	long leg	$1.3M	$793K	50x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1479	0.000%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1478	−0.094%	$28K	$20K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1479	−0.016%	$724	$205K	5x	as long as short
Kraken Futures PF_IOUSD	+3.9984%	1h	0.1484	+0.337%	$51K	$19K	10x	as long as short