IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Gate+0.094%93s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as 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−$1571.571% of the position

Long on Gate Short on BloFin

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)−0.118%−$12 · spread now +0.094%, 7d avg +0.049%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.045% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 93 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	Gate IO_USDT	0.1486	0.0100	pay 0.0050% / 4h	1h 31m	$228K	$467K	50x
Short	BloFin IO-USDT	0.1487	0.0101	get 0.0051% / 4h	1h 31m	$192K	$34K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0.21
Price spread: +0.094% → +0.049%: $4.48
Slippage, 4 orders: −$130.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$152.41
Costs to cover: 1.571%
Break-even: 5014.0 days

Slippage from Gate: live order book, 9 min ago; BloFin: live order book, 44 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 Gate live order book, 9 min ago	7.71 bp	46.6 bp −$47	13306.8 bp −$133.1K	doesn't fit	doesn't fit
Sell BloFin live order book, 44 min ago	6.71 bp	18.5 bp −$19	69.8 bp −$698	492.3 bp −$49.2K	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	0.1489	+0.215%	$989K	$269K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1487	+0.115%	$23K	$47K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1488	+0.129%	$3.0M	$5.1M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1485	−0.013%	$1.1M	$679K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1486	long leg	$228K	$467K	50x
MEXC IO_USDT	+0.0100%	4h	0.1486	+0.027%	$1.2M	$225K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1486	+0.027%	$346K	$192K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1490	+0.296%	$1.4M	$1.0M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1486	+0.027%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1485	−0.058%	$30K	$20K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IO-USDTshort	+0.0101%	4h	0.1487	+0.094%	$192K	$34K	50x
Extended IO-USD	+0.0104%	1h	0.1487	+0.070%	$588	$206K	5x	as long as short
Injective IO/USDC PERP	+0.0204%	1h	0.1492	+0.431%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.8808%	1h	0.1486	+0.003%	$38K	$7K	10x	as long as short