Funding you earn now, next payment 08:00 UTC+0.0227%/8h= +24.9% APRnext payment +$1.14 per $10,000 · paid last 24h +0.062%
Price spread now: BloFin against Gate−0.071%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 7 days+0.541%+$54 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.071%, 7d avg −0.044%
=Funding pays, the price is against you. BloFin is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.044%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7053 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $1.7M | $1.9M | 75x |
| Short | BloFin ETHFI-USDT | 0.7048 | 0.0327 | get 0.0164% / 4h | 3h 52m | $1.2M | $244K | 75x |
Gate ETHFI_USDT
BloFin ETHFI-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
- $47.73
- Price spread: −0.071% → −0.044%
- −$2.72
- Slippage, 4 orders
- −$53.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$35.49
- Costs to cover
- 0.805%
- Break-even
- 12.2 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago | 1.42 bp | 25.8 bp −$26 | 203.1 bp −$2,031 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.84 bp | 13.2 bp −$13 | 24.0 bp −$240 | 85.2 bp −$8,519 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.1060% | 4h | 0.7027 | −0.369% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0317% | 1h | 0.7052 | −0.014% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0304% | 1h | 0.7053 | −0.007% | $264K | $209K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0237% | 4h | 0.7047 | −0.085% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0001% | 8h | 0.7038 | −0.211% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.651% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0065% | 4h | 0.7037 | −0.230% | $980K | $703K | — | as long as short |
| Binance ETHFIUSDT | +0.0087% | 4h | 0.7044 | −0.126% | $24.4M | $35.1M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7047 | −0.089% | $95K | $379K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7047 | −0.085% | $16.0M | $4.0M | 125x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7061 | +0.109% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7046 | −0.098% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7055 | +0.034% | $180K | $224K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7042 | −0.156% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7048 | −0.071% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7053 | long leg | $1.7M | $1.9M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7047 | −0.085% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7040 | −0.184% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7048 | −0.071% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7052 | −0.011% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7057 | +0.057% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7055 | +0.028% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDTshort | +0.0327% | 4h | 0.7048 | −0.071% | $1.2M | $244K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.312% | $31K | $6K | 50x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX