Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Gate−0.128%78s7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$970.969% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.128%, 7d avg −0.100%
=Funding pays, the price is against you. BloFin is 0.027% cheaper against Gate than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.100%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day). The two prices were read 78 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 LUNC_USDT | 0.00005480 | 0.0100 | pay 0.0100% / 8h | 4h 21m | $395K | $238K | 75x |
| Short | BloFin 1000LUNC-USDT | 0.00005473 | 0.0220 | get 0.0220% / 8h | 4h 21m | $385K | $37K | 75x |
Gate LUNC_USDT
BloFin 1000LUNC-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: −0.128% → −0.100%
- −$2.75
- Slippage, 4 orders
- −$69.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.44
- Costs to cover
- 0.969%
- Break-even
- 27.7 days
Slippage from Gate: live order book, 33 min ago; BloFin: live order book, 13 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, 33 min ago | 2.75 bp | 32.4 bp −$32 | 284.5 bp −$2,845 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 1.83 bp | 19.8 bp −$20 | 49.2 bp −$492 | doesn't fit | doesn't fit |
LUNC on 11 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 kLUNC | +0.0100% | 1h | 0.00005481 | +0.026% | $285K | $115K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005473 | −0.126% | $48K | $15K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005477 | −0.047% | $4.1M | $7.9M | 75x | as long as short |
| Gate LUNC_USDTlong | +0.0100% | 8h | 0.00005480 | long leg | $395K | $238K | 75x | |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005474 | −0.109% | $17.3M | $1.3M | 200x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005472 | −0.146% | $1.2M | $577K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005476 | −0.080% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDTshort | +0.0220% | 8h | 0.00005473 | −0.128% | $385K | $37K | 75x | |
| BingX LUNC-USDT | +0.0279% | 8h | 0.00005479 | −0.018% | — | $2.0M | — | as long as short |
| Bybit 1000LUNCUSDT | +0.0285% | 8h | 0.00005480 | 0.000% | $1.9M | $771K | 25x | as long as short |
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
MEXC LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
BingX LUNC-USDT
Bybit 1000LUNCUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTM | +0.0595% | 8h | 0.00005473 | −0.137% | $1.7M | $658K | 50x | as long as short |
KuCoin LUNCUSDTM