LA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1090%/8h= −119.3% APRnext payment −$5.45 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against BloFin+0.380%93s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as 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−$1241.237% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.511%−$51 · spread now +0.380%, 7d avg +0.019%

Together, before fees−0.676%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.361% dearer against BloFin than usual: you sell high and buy low (spread +0.380% now, against its 7-day average of +0.019%): +$36 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.165% in total) that is about 15 days. The two prices were read 93 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 -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.45 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	BloFin LA-USDT	0.07372	0.0074	pay 0.0037% / 4h	47m 33s	$246K	$21K	25x
Short	Gate LA_USDT	0.07400	−0.1016	pay 0.0508% / 4h	47m 33s	$220K	$780K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee GatebpOrdersPrice spread, now +0.380%Rate

Funding earned: −$228.81
Price spread: +0.380% → +0.019%: $36.12
Slippage, 4 orders: −$96.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$316.39
Costs to cover: 1.237%
Break-even: never at this rate

Slippage from BloFin: live order book, 51 min ago; Gate: live order book, 57 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, 51 min ago	4.06 bp	12.7 bp −$13	27.2 bp −$272	doesn't fit	doesn't fit
Sell Gate live order book, 57 min ago	3.38 bp	67.0 bp −$67	doesn't fit	doesn't fit	doesn't fit

LA on 11 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 LA_USDTshort	−0.1016%	4h	0.07400	+0.380%	$220K	$780K	50x
KuCoin LAUSDTM	−0.0990%	4h	0.07388	+0.217%	$1.0M	$65K	30x	as long as short
OKX LA-USDT-SWAP	−0.0535%	4h	0.07416	+0.597%	$1.3M	$2.4M	20x	as long as short
BingX LA-USDT	−0.0512%	4h	0.07390	+0.244%	—	$6.5M	—	as long as short
BloFin LA-USDTlong	+0.0074%	4h	0.07372	long leg	$246K	$21K	25x
Aster LAUSDT	+0.0100%	4h	0.07399	+0.366%	$51K	$23K	5x	as long as short
Binance LAUSDT	+0.0100%	4h	0.07406	+0.457%	$4.7M	$8.0M	25x	as long as short
Bybit LAUSDT	+0.0100%	4h	0.07405	+0.448%	$2.3M	$2.1M	25x	as long as short
MEXC LA_USDT	+0.0100%	4h	0.07402	+0.407%	$365K	$129K	50x	as long as short
Bitget LAUSDT	+0.0100%	4h	0.07405	+0.448%	$2.0M	$339K	25x	as long as short

Show all 11 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LA_USDT_Perp	+0.0100%	4h	0.07367	−0.068%	$140K	$410K	10x	as long as short