NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against BloFin+0.159%63s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as 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−$1161.164% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.159%, 7d avg +0.011%

Together, before fees−0.361%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.148% dearer against BloFin than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.011%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. The two prices were read 63 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	BloFin NOT-USDT	0.0005032	0.0147	pay 0.0074% / 4h	2h 10m	$111K	$17K	50x
Short	Gate NOT_USDT	0.0005040	0.0100	get 0.0050% / 4h	2h 10m	$140K	$79K	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 +0.159%Rate

Funding earned: −$9.91
Price spread: +0.159% → +0.011%: $14.84
Slippage, 4 orders: −$89.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.43
Costs to cover: 1.164%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 5 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, 2 min ago	1.99 bp	19.0 bp −$19	62.4 bp −$624	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.92 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	+0.0025%	4h	0.0005029	−0.061%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.140%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005041	+0.185%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	−0.040%	$367K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005040	+0.159%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005033	+0.020%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005027	−0.099%	$2.1M	$801K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005034	+0.040%	$609K	$576K	20x	as long as short
Gate NOT_USDTshort	+0.0100%	4h	0.0005040	+0.159%	$140K	$79K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005032	0.000%	$1.3M	$494K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005035	+0.060%	$492K	$119K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005044	+0.238%	$663K	$382K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005033	+0.020%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005032	+0.006%	$4K	$1K	5x	as long as short
BloFin NOT-USDTlong	+0.0147%	4h	0.0005032	long leg	$111K	$17K	50x
Kraken Futures PF_NOTUSD	+0.7103%	1h	0.0005058	+0.518%	$48K	$9K	10x	as long as short