Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.99 per $10,000 · paid last 24h +0.024%
Price spread now: BloFin against Bitget+0.141%45s7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$420.423% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.141%, 7d avg +0.036%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.105% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.036%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FILUSDT | 0.9897 | 0.0001 | pay 0.0001% / 8h | 1h 18m | $10.8M | $21.6M | 75x |
| Short | BloFin FIL-USDT | 0.9911 | 0.0200 | get 0.0200% / 8h | 1h 18m | $2.6M | $658K | 75x |
Bitget FILUSDT
BloFin FIL-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
- $41.85
- Price spread: +0.141% → +0.036%
- $10.51
- Slippage, 4 orders
- −$18.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $10.1
- Costs to cover
- 0.423%
- Break-even
- 5.3 days
Slippage from Bitget: 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 Bitget live order book, 5 min ago | 0.50 bp | 12.0 bp −$12 | 13.3 bp −$133 | 44.3 bp −$4,425 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.01 bp | 10.7 bp −$11 | 15.6 bp −$156 | 29.1 bp −$2,909 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0858% | 1h | 0.9915 | +0.182% | $171K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0693% | 1h | 0.9912 | +0.149% | $1.3M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9916 | +0.192% | $318K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.424% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9906 | +0.093% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9910 | +0.130% | $58K | $2K | 10x | as long as short |
| Bitget FILUSDTlong | +0.0001% | 8h | 0.9897 | long leg | $10.8M | $21.6M | 75x | |
| KuCoin FILUSDTM | +0.0010% | 8h | 0.9902 | +0.051% | $7.4M | $7.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0026% | 8h | 0.9902 | +0.051% | $15.4M | $18.1M | 25x | as long as short |
| OKX FIL-USDT-SWAP | +0.0035% | 8h | 0.9900 | +0.030% | $18.2M | $98.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bybit FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0078% | 8h | 0.9897 | 0.000% | $251K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0078% | 8h | 0.9902 | +0.051% | — | $11.9M | — | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9899 | +0.021% | $692K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0080% | 8h | 0.9899 | +0.023% | $57.0M | $175.9M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9899 | +0.017% | $159K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9902 | +0.055% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9906 | +0.094% | $498K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9904 | +0.071% | $7.9M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9897 | +0.003% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9899 | +0.024% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9904 | +0.075% | $288K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | +0.030% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9923 | +0.265% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9910 | +0.131% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9906 | +0.091% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9912 | +0.152% | $630K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9910 | +0.131% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDTshort | +0.0200% | 8h | 0.9911 | +0.141% | $2.6M | $658K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0599% / S −0.0709% | 1h | 0.9914 | +0.172% | $207K | — | 100x | as long as short |
MEXC FIL_USDC
BingX FIL-USDT
Extended FIL-USD
Binance FILUSDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Gate FIL_USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]