Funding you earn now, next payment 12:00 UTC+0.0540%/8h= +59.1% APRnext payment +$2.70 per $10,000 · paid last 24h +0.030%
Price spread now: BloFin against Gate−0.053%78s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as 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−$1701.698% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 4 days (all we have)+0.650%+$65 · spread now −0.053%, 7d avg −0.019%
=Funding pays, the price is against you. BloFin is 0.034% cheaper against Gate than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.019%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.165% in total) that is about 35 hours. The two prices were read 78 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 +$2.70 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 | Gate LA_USDT | 0.07560 | −0.0398 | get 0.0199% / 4h | 2h 59m | $224K | $811K | 50x |
| Short | BloFin LA-USDT | 0.07556 | 0.0142 | get 0.0071% / 4h | 2h 59m | $254K | $20K | 25x |
Gate LA_USDT
BloFin LA-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
- $113.32
- Price spread: −0.053% → −0.019%
- −$3.4
- Slippage, 4 orders
- −$142.84
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$59.91
- Costs to cover
- 1.698%
- Break-even
- 10.7 days
Slippage from Gate: live order book, 32 min ago; BloFin: live order book, 67 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, 32 min ago | 2.66 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 67 min ago | 2.66 bp | 13.2 bp −$13 | 30.3 bp −$303 | doesn't fit | doesn't fit |
LA on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LA_USDTlong | −0.0398% | 4h | 0.07560 | long leg | $224K | $811K | 50x | |
| KuCoin LAUSDTM | −0.0188% | 4h | 0.07557 | −0.040% | $1.0M | $69K | 30x | as long as short |
| BingX LA-USDT | +0.0008% | 4h | 0.07560 | 0.000% | — | $6.6M | — | as long as short |
| Bitget LAUSDT | +0.0030% | 4h | 0.07563 | +0.040% | $2.1M | $366K | 25x | as long as short |
| Aster LAUSDT | +0.0061% | 4h | 0.07566 | +0.077% | $52K | $24K | 5x | as long as short |
| Binance LAUSDT | +0.0100% | 4h | 0.07558 | −0.030% | $4.9M | $8.0M | 25x | as long as short |
| Bybit LAUSDT | +0.0100% | 4h | 0.07562 | +0.026% | $2.5M | $2.1M | 25x | as long as short |
| OKX LA-USDT-SWAP | +0.0100% | 4h | 0.07562 | +0.026% | $1.4M | $2.4M | 20x | as long as short |
| MEXC LA_USDT | +0.0100% | 4h | 0.07558 | −0.026% | $376K | $125K | 50x | as long as short |
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07560 | 0.000% | $152K | $427K | 10x | as long as short |
KuCoin LAUSDTM
BingX LA-USDT
Bitget LAUSDT
Aster LAUSDT
Binance LAUSDT
Bybit LAUSDT
OKX LA-USDT-SWAP
MEXC LA_USDT
GRVT LA_USDT_PerpShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin LA-USDTshort | +0.0142% | 4h | 0.07556 | −0.053% | $254K | $20K | 25x |