Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.77 per $10,000 · paid last 24h −0.012%
Price spread now: BloFin against Gate−0.046%93s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$470.470% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.046%, 7d avg −0.019%
=Funding pays, the price is against you. BloFin is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.019%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$2 a day). 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 COIN_USDT | 195.66 | 0 | get 0.0000% / 8h | 9m 35s | $1.2M | $7.4M | 50x |
| Short | BloFin COIN-USDT | 195.57 | 0.0077 | get 0.0077% / 8h | 9m 35s | $187K | $434K | 20x |
Gate COIN_USDT
BloFin COIN-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
- $16.16
- Price spread: −0.046% → −0.019%
- −$2.66
- Slippage, 4 orders
- −$20.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.51
- Costs to cover
- 0.470%
- Break-even
- 21.5 days
Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 6 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, 4 min ago | 5.37 bp | 14.5 bp −$15 | 133.0 bp −$1,330 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.51 bp | 8.0 bp −$8 | 11.6 bp −$116 | 23.6 bp −$2,360 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.56 | −0.051% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0341% | 8h | 195.78 | +0.061% | $6.3M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0046% | 1h | 195.07 | −0.302% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.50 | −0.083% | $341K | $890K | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.61 | −0.026% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.60 | −0.031% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 195.66 | long leg | $1.2M | $7.4M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 195.51 | −0.076% | $692K | $991K | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0001% | 8h | 195.64 | −0.010% | $15K | $2.9M | 10x | as long as short |
| Extended COIN_24_5-USD | +0.0016% | 1h | 195.55 | −0.055% | $104K | $860K | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Extended COIN_24_5-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance COINUSDT | +0.0020% | 8h | 195.60 | −0.031% | $15.0M | $82.1M | 20x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.54 | −0.061% | $465K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.74 | +0.041% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.46 | −0.102% | $15.1M | $12.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.51 | −0.077% | $135K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.58 | −0.041% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.36 | −0.153% | $450K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.60 | −0.031% | $1.3M | $2.9M | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0077% | 8h | 195.57 | −0.046% | $187K | $434K | 20x | |
| Lighter COIN | +0.0096% | 1h | 195.55 | −0.055% | $364K | $2.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.44 | −0.112% | $985K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.41 | −0.128% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.60 | −0.031% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.61 | −0.025% | $115 | — | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.53 | −0.066% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0443% | 4h | 195.50 | −0.083% | $50K | $296K | 10x | as long as short |
Binance COINUSDT
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC