Funding you earn now, next payment 16:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Bitget−0.063%55s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$1121.121% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.063%, 7d avg −0.011%
=Funding pays, the price is against you. BloFin is 0.052% cheaper against Bitget than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.011%). If the spread goes back, that is −$5 on $10k: about 17 days of funding at the current rate ($0 a day). The two prices were read 55 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 IOTAUSDT | 0.04744 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $1.8M | $723K | 50x |
| Short | BloFin IOTA-USDT | 0.04741 | 0.0110 | get 0.0110% / 8h | 7h 26m | $165K | $43K | 75x |
Bitget IOTAUSDT
BloFin IOTA-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.1
- Price spread: −0.063% → −0.011%
- −$5.23
- Slippage, 4 orders
- −$88.08
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$115.21
- Costs to cover
- 1.121%
- Break-even
- 390.6 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 39 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, 1 min ago | 6.31 bp | 37.5 bp −$37 | 388.3 bp −$3,883 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 4.20 bp | 18.2 bp −$18 | 51.4 bp −$514 | doesn't fit | doesn't fit |
IOTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | +0.0061% | 1h | 0.04764 | +0.423% | $14K | $28K | 10x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04744 | +0.002% | $890K | $328K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04742 | −0.046% | $3.4M | $5.8M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04743 | −0.021% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04741 | −0.063% | $548K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04742 | −0.042% | $819K | $251K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04741 | −0.063% | $580K | $172K | 125x | as long as short |
| Bitget IOTAUSDTlong | +0.0100% | 8h | 0.04744 | long leg | $1.8M | $723K | 50x | |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04742 | −0.042% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04738 | −0.132% | $51K | $33K | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDTshort | +0.0110% | 8h | 0.04741 | −0.063% | $165K | $43K | 75x | |
| KuCoin IOTAUSDTM | +0.0813% | 8h | 0.04755 | +0.232% | $2.7M | $187K | 30x | as long as short |
KuCoin IOTAUSDTM