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Funding arb · Price arb /

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h +0.066%
Price spread now: Gate against BloFin−0.424%93s7-day average −2.588% · you buy dearer than you sell
Net, funding: paid 7d − costs+$531as 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−$5335.333% of the position
Long on BloFinShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+10.638%+$1,064 on $10k
Price spread, last 4 days (all we have)−2.179%−$218 · spread now −0.424%, 7d avg −2.588%
Together, before fees+8.459%+$846 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 2.164% dearer against BloFin than usual: you sell high and buy low (spread −0.424% now, against its 7-day average of −2.588%): +$216 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +10.638%, so the current rate has only just turned against you. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ONE-USDT0.004101−0.0705get 0.0088% / 1h23m 29s$828K$2.5M50x
ShortGate ONE_USDT0.004084−0.1082pay 0.1082% / 8h4h 23m$1.8M$15.5M20x

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

Funding earned
−$79.18
Price spread: −0.424% → −2.588%
$216.41
Slippage, 4 orders
−$506.27
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$396.03
Costs to cover
5.333%
Break-even
never at this rate
Slippage from BloFin: live order book, 10 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 10 min ago0.12 bp22.1 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 5 min ago2.45 bp157.2 bp −$157doesn't fitdoesn't fitdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAP−5.2188%1h0.005045+22.999%$6.0M$236.1M10xas long as short
KuCoin ONEUSDTM−0.2112%1h0.004303+4.915%$4.1M$12.4M30xas long as short
Aster ONEUSDT−0.2034%1h0.004098−0.085%$2.2M$5.8M5xas long as short
Gate ONE_USDTshort−0.1082%8h0.004084−0.424%$1.8M$15.5M20x
Variational Omni ONE−0.0994%1h0.004095−0.160%$101K$51K—as long as short
BloFin ONE-USDTlong−0.0705%1h0.004101long leg$828K$2.5M50x
Bitget ONEUSDT−0.0656%1h0.004124+0.549%$1.9M$32.3M20xas long as short
Binance ONEUSDT−0.0212%1h0.004097−0.098%$14.2M$335.6M50xas long as short
MEXC ONE_USDT−0.0208%1h0.004098−0.071%$11.1M$15.4M20xas long as short
BingX ONE-USDT−0.0016%1h0.004126+0.612%—$5.8M—as long as short