INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against BloFin−0.168%75s7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as 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−$1611.614% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.168%, 7d avg −0.060%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.108% cheaper against BloFin than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.060%). If the spread goes back, that is −$11 on $10k: about 19 days of funding at the current rate (+$1 a day). The two prices were read 75 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	BloFin INIT-USDT	0.08324	0.0081	pay 0.0040% / 4h	3h 13m	$155K	$113K	25x
Short	Bitget INITUSDT	0.08310	0.0100	get 0.0050% / 4h	3h 13m	$432K	$304K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.168%Rate

Funding earned: $4.02
Price spread: −0.168% → −0.060%: −$10.83
Slippage, 4 orders: −$137.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$168.22
Costs to cover: 1.614%
Break-even: 300.1 days

Slippage from BloFin: live order book, 43 min ago; Bitget: live order book, 52 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, 43 min ago	2.42 bp	25.3 bp −$25	62.6 bp −$626	doesn't fit	doesn't fit
Sell Bitget live order book, 52 min ago	5.45 bp	52.8 bp −$53	307.5 bp −$3,075	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
BloFin INIT-USDTlong	+0.0081%	4h	0.08324	long leg	$155K	$113K	25x
Hyperliquid INIT	+0.0100%	1h	0.08313	−0.132%	$302K	$234K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08293	−0.371%	$27K	$37K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08313	−0.132%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08315	−0.108%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08310	−0.168%	$137K	$646K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08304	−0.240%	$84K	$55K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08315	−0.108%	$451K	$220K	20x	as long as short
KuCoin INITUSDTM	+0.0100%	4h	0.08302	−0.264%	$331K	$54K	25x	as long as short
Bitget INITUSDTshort	+0.0100%	4h	0.08310	−0.168%	$432K	$304K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08316	−0.096%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08292	−0.388%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0191%	1h	0.08319	−0.054%	$5K	$17K	10x	as long as short