Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.20 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bitget+0.508%85s7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as 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−$910.907% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.508%, 7d avg +0.110%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.397% dearer against Bitget than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.110%. The two prices were read 85 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 | Bitget ALTUSDT | 0.007487 | 0.0100 | pay 0.0050% / 4h | 39m 51s | $604K | $138K | 50x |
| Short | BloFin ALT-USDT | 0.007525 | 0.0139 | get 0.0070% / 4h | 39m 51s | $168K | $8K | 50x |
Bitget ALTUSDT
BloFin ALT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $8.2
- Price spread: +0.508% → +0.110%
- $39.72
- Slippage, 4 orders
- −$66.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.82
- Costs to cover
- 0.907%
- Break-even
- 43.6 days
Slippage from Bitget: live order book, 60 min ago; BloFin: live order book, 30 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 Bitget live order book, 60 min ago | 1.99 bp | 30.6 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 3.32 bp | 18.2 bp −$18 | 56.1 bp −$561 | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | −0.0141% | 1h | 0.007504 | +0.229% | $44K | $8K | 10x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +2.725% | $837 | $22 | 5.5x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007498 | +0.147% | $1.1M | $136K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007502 | +0.205% | $2.6M | $3.4M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007500 | +0.174% | $1.2M | $1.8M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007494 | +0.093% | $49K | $382K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007505 | +0.240% | $377K | $167K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007517 | +0.401% | $144K | $19K | 30x | as long as short |
| Bitget ALTUSDTlong | +0.0100% | 4h | 0.007487 | long leg | $604K | $138K | 50x | |
| BingX ALT-USDT | +0.0100% | 4h | 0.007498 | +0.147% | — | $1.3M | — | as long as short |
Kraken Futures PF_ALTUSD
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
BingX ALT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | +0.0100% | 4h | 0.007512 | +0.334% | $4K | $16K | — | as long as short |
| BloFin ALT-USDTshort | +0.0139% | 4h | 0.007525 | +0.508% | $168K | $8K | 50x | |
| Deribit ALT_USDC-PERPETUAL | +0.0282% | 1h | 0.007516 | +0.387% | — | $0 | 25x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0480% | 1h | 0.007542 | +0.735% | $13K | $2K | 50x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Coinbase International ALT-PERP-INTX