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
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%
=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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- 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 |
Gate NOT_USDT
BloFin NOT-USDT
Variational Omni NOT
Injective NOT/USDC PERP
KuCoin NOTUSDTM
Lighter 1000NOT
Hyperliquid NOT
Aster NOTUSDT
Binance NOTUSDT
Bybit NOTUSDT
OKX NOT-USDT-SWAP
MEXC NOT_USDT
Bitget NOTUSDT
BingX NOT-USDC
Extended kNOT-USD
Kraken Futures PF_NOTUSD