Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h +0.003%
Price spread now: BloFin against Gate+0.092%93s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as 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−$1551.546% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.092%, 7d avg +0.007%
=The price spread pays, funding is against you. BloFin is 0.086% dearer against Gate than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.007%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. 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 ME_USDT | 0.07570 | 0.0100 | pay 0.0100% / 8h | 4h 21m | $192K | $71K | 50x |
| Short | BloFin ME-USDT | 0.07577 | 0.0076 | get 0.0038% / 4h | 21m 34s | $110K | $8K | 50x |
Gate ME_USDT
BloFin ME-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
- −$5.09
- Price spread: +0.092% → +0.007%
- $8.59
- Slippage, 4 orders
- −$127.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$151.11
- Costs to cover
- 1.546%
- Break-even
- never at this rate
Slippage from Gate: live order book, 30 min ago; BloFin: live order book, 7 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, 30 min ago | 13.35 bp | 45.2 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 1.98 bp | 18.4 bp −$18 | 53.7 bp −$537 | doesn't fit | doesn't fit |
ME 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 ME-USDTshort | +0.0076% | 4h | 0.07577 | +0.092% | $110K | $8K | 50x | |
| Hyperliquid ME | +0.0100% | 1h | 0.07589 | +0.251% | $240K | $108K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07584 | +0.191% | $13K | $20K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07590 | +0.264% | $2.2M | $4.0M | 50x | as long as short |
| Bybit MEUSDT | +0.0100% | 4h | 0.07583 | +0.172% | $1.6M | $775K | 25x | as long as short |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07584 | +0.185% | $490K | $1.1M | 20x | as long as short |
| Gate ME_USDTlong | +0.0100% | 8h | 0.07570 | long leg | $192K | $71K | 50x | |
| MEXC ME_USDT | +0.0100% | 4h | 0.07588 | +0.238% | $504K | $132K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07580 | +0.132% | $210K | $30K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07595 | +0.330% | $660K | $429K | 25x | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
Bybit MEUSDT
OKX ME-USDT-SWAP
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ME-USDT | +0.0100% | 4h | 0.07585 | +0.198% | — | $1.3M | — | as long as short |
| Variational Omni ME | +0.0100% | 4h | 0.07572 | +0.028% | $12K | $2K | — | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07589 | +0.254% | $27K | — | 15x | as long as short |
BingX ME-USDT
Variational Omni ME
Reya MERUSDPERP