NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h +0.007%

Price spread now: BloFin against Gate−0.040%63s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as 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−$1381.378% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.040%, 7d avg −0.018%

Together, before fees+0.074%+$7 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 0.022% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 63 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	Gate NOT_USDT	0.0005040	0.0100	pay 0.0050% / 4h	1h 55m	$139K	$57K	50x
Short	BloFin NOT-USDT	0.0005038	0.0090	get 0.0045% / 4h	1h 55m	$109K	$18K	50x

Funding 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 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 GatebpFee BloFinbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$2.08
Price spread: −0.040% → −0.018%: −$2.15
Slippage, 4 orders: −$110.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$142.05
Costs to cover: 1.378%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; BloFin: live order book, 15 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, 45 min ago	9.00 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 15 min ago	9.93 bp	24.8 bp −$25	62.5 bp −$625	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0003%	4h	0.0005036	−0.088%	$72K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.294%	$1K	$13K	5.5x	as long as short
KuCoin NOTUSDTM	+0.0042%	4h	0.0005034	−0.119%	$480K	$136K	50x	as long as short
BloFin NOT-USDTshort	+0.0090%	4h	0.0005038	−0.040%	$109K	$18K	50x
Lighter 1000NOT	+0.0096%	1h	0.0005047	+0.133%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	−0.198%	$339K	$69K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005041	+0.016%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005036	−0.079%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005029	−0.218%	$2.1M	$889K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005033	−0.139%	$639K	$706K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTlong	+0.0100%	4h	0.0005040	long leg	$139K	$57K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005036	−0.079%	$1.3M	$436K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005040	0.000%	$674K	$492K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005032	−0.159%	—	$729K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005035	−0.105%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1939%	1h	0.0005044	+0.087%	$49K	$9K	10x	as long as short