IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against BloFin+0.007%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1571.572% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.007%, 7d avg −0.048%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.055% dearer against BloFin than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.048%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IO-USDT	0.1491	0.0141	pay 0.0070% / 4h	38m 32s	$192K	$34K	50x
Short	Gate IO_USDT	0.1491	0.0100	get 0.0050% / 4h	38m 32s	$231K	$472K	50x

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 +0.007%Rate

Funding earned: −$8.59
Price spread: +0.007% → −0.048%: $5.51
Slippage, 4 orders: −$130.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$160.28
Costs to cover: 1.572%
Break-even: never at this rate

Slippage from BloFin: live order book, 32 min ago; Gate: live order book, 62 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, 32 min ago	3.35 bp	20.0 bp −$20	58.5 bp −$585	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	7.71 bp	66.5 bp −$66	doesn't fit	doesn't fit	doesn't fit

IO on 14 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 IO	+0.0100%	1h	0.1492	+0.054%	$1.0M	$274K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1491	−0.008%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1490	−0.046%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1489	−0.134%	$1.1M	$647K	25x	as long as short
Gate IO_USDTshort	+0.0100%	4h	0.1491	+0.007%	$231K	$472K	50x
MEXC IO_USDT	+0.0100%	4h	0.1489	−0.134%	$1.2M	$216K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1490	−0.067%	$339K	$195K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1493	+0.134%	$1.4M	$985K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1490	−0.067%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1491	+0.014%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1491	+0.009%	$3K	$212K	5x	as long as short
BloFin IO-USDTlong	+0.0141%	4h	0.1491	long leg	$192K	$34K	50x
Injective IO/USDC PERP	+0.0563%	1h	0.1491	0.000%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.5938%	1h	0.1494	+0.208%	$39K	$7K	10x	as long as short