Funding you earn now, next payment 12:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.57 per $10,000 · paid last 24h +0.120%
Price spread now: BloFin against Gate+0.403%93s7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as 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−$2362.362% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 4 days (all we have)−0.305%−$30 · spread now +0.403%, 7d avg +0.135%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.268% dearer against Gate than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.135%. The two prices were read 93 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 US_USDT | 0.01539 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $1.9M | $693K | 20x |
| Short | BloFin US-USDT | 0.01546 | 0.0213 | get 0.0107% / 4h | 3h 01m | $463K | $45K | 10x |
Gate US_USDT
BloFin US-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
- $23.77
- Price spread: +0.403% → +0.135%
- $26.79
- Slippage, 4 orders
- −$209.18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$185.62
- Costs to cover
- 2.362%
- Break-even
- 61.7 days
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 9 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, 1 min ago | 14.31 bp | 74.6 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 2.26 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
US 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.2320% | 4h | 0.01533 | −0.448% | $3.5M | $572K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01542 | +0.146% | $14K | $52K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01543 | +0.214% | $3.1M | $992K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01539 | long leg | $1.9M | $693K | 20x | |
| Bitget USUSDT | +0.0100% | 4h | 0.01541 | +0.130% | $4.1M | $292K | 10x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01547 | +0.510% | $16K | $4K | — | as long as short |
| Binance USUSDT | +0.0172% | 4h | 0.01541 | +0.136% | $8.7M | $3.6M | 10x | as long as short |
| Extended US-USD | +0.0184% | 1h | 0.01541 | +0.095% | $3K | $209K | 5x | as long as short |
| MEXC US_USDT | +0.0184% | 4h | 0.01541 | +0.136% | $5.2M | $121K | 100x | as long as short |
| BingX US-USDT | +0.0198% | 4h | 0.01543 | +0.260% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Bitget USUSDT
Variational Omni US
Binance USUSDT
Extended US-USD
MEXC US_USDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDTshort | +0.0213% | 4h | 0.01546 | +0.403% | $463K | $45K | 10x |