INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bitget+0.049%85s7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as 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−$1521.515% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.049%, 7d avg +0.062%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. 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 INITUSDT	0.08162	0.0100	pay 0.0050% / 4h	2h 33m	$426K	$311K	25x
Short	BloFin INIT-USDT	0.08166	0.0118	get 0.0059% / 4h	2h 33m	$154K	$110K	25x

Funding 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 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.049%Rate

Funding earned: $3.8
Price spread: +0.049% → +0.062%: −$1.3
Slippage, 4 orders: −$127.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$149.05
Costs to cover: 1.515%
Break-even: 281.5 days

Slippage from Bitget: live order book, 50 min ago; BloFin: live order book, 47 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, 50 min ago	7.91 bp	49.3 bp −$49	258.9 bp −$2,589	doesn't fit	doesn't fit
Sell BloFin live order book, 47 min ago	7.30 bp	25.9 bp −$26	71.3 bp −$713	doesn't fit	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08164	+0.023%	$296K	$235K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08166	+0.049%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08167	+0.061%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08159	−0.037%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08183	+0.257%	$132K	$631K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08162	0.000%	$83K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08167	+0.061%	$444K	$216K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08169	+0.086%	$325K	$55K	25x	as long as short
Bitget INITUSDTlong	+0.0100%	4h	0.08162	long leg	$426K	$311K	25x
BingX INIT-USDT	+0.0100%	4h	0.08163	+0.012%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08155	−0.083%	$26K	$23K	—	as long as short
BloFin INIT-USDTshort	+0.0118%	4h	0.08166	+0.049%	$154K	$110K	25x
Kraken Futures PF_INITUSD	+0.0536%	1h	0.08166	+0.053%	$6K	$17K	10x	as long as short