Funding arb · Price arb /

ID

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0727%/8hnext payment +$3.64 per $10,000 · paid last 24h +0.043%

Price spread now: Gate against BloFin+0.081%108s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as 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−$1311.307% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.081%, 7d avg −0.024%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Gate is 0.105% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 108 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 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.64 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	BloFin ID-USDT	0.03695	0.0043	pay 0.0021% / 4h	7m 22s	$164K	$11K	50x
Short	Gate ID_USDT	0.03698	0.0770	get 0.0385% / 4h	7m 22s	$267K	$210K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now +0.081%Rate

Funding earned: $152.69
Price spread: +0.081% → −0.024%: $10.54
Slippage, 4 orders: −$103.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $32.52
Costs to cover: 1.307%
Break-even: 5.5 days

Slippage from BloFin: live order book, 18 min ago; Gate: live order book, 21 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 BloFin live order book, 18 min ago	2.71 bp	11.1 bp −$11	36.3 bp −$363	doesn't fit	doesn't fit
Sell Gate live order book, 21 min ago	5.43 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit

ID 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
BloFin ID-USDTlong	+0.0043%	4h	0.03695	long leg	$164K	$11K	50x
Aster IDUSDT	+0.0100%	4h	0.03709	+0.370%	$9K	$2K	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03701	+0.152%	$2.4M	$3.3M	50x	as long as short
Bybit IDUSDT	+0.0100%	8h	0.03706	+0.298%	$1.3M	$995K	25x	as long as short
MEXC ID_USDT	+0.0100%	4h	0.03700	+0.135%	$363K	$134K	20x	as long as short
KuCoin IDUSDTM	+0.0100%	4h	0.03703	+0.217%	$1.0M	$62K	30x	as long as short
Bitget IDUSDT	+0.0100%	4h	0.03702	+0.189%	$758K	$562K	50x	as long as short
BingX ID-USDT	+0.0100%	4h	0.03700	+0.135%	—	$2.3M	—	as long as short
Variational Omni ID	+0.0100%	8h	0.03699	+0.121%	$12K	$20K	—	as long as short
Gate ID_USDTshort	+0.0770%	4h	0.03698	+0.081%	$267K	$210K	25x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_IDUSD	+0.0968%	1h	0.03700	+0.130%	$4K	$2K	10x	as long as short