Funding you earn now, next payment 12:00 UTC+0.1382%/8h= +151.3% APRnext payment +$6.91 per $10,000 · paid last 24h +0.032%
Price spread now: Gate against BloFin+0.103%48s7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as 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−$1101.102% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 4 days (all we have)+0.373%+$37 · spread now +0.103%, 7d avg +0.154%
=Funding pays, the price is against you. Gate is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread +0.103% now, against its 7-day average of +0.154%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.165% in total) that is about 2.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PROM-USDT | 4.8510 | 0.0050 | pay 0.0025% / 4h | 2h 58m | $796K | $284K | 50x |
| Short | Gate PROM_USDT | 4.8560 | 0.1432 | get 0.0716% / 4h | 2h 58m | $745K | $1.2M | 50x |
BloFin PROM-USDT
Gate PROM_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $290.2
- Price spread: +0.103% → +0.154%
- −$5.11
- Slippage, 4 orders
- −$83.16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $174.92
- Costs to cover
- 1.102%
- Break-even
- 2.8 days
Slippage from BloFin: live order book, 13 min ago; Gate: live order book, 4 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, 13 min ago | 2.06 bp | 14.1 bp −$14 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.05 bp | 41.3 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
PROM on 9 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 PROM-USDTlong | +0.0050% | 4h | 4.8510 | long leg | $796K | $284K | 50x | |
| Aster PROMUSDT | +0.0100% | 4h | 4.8505 | −0.011% | $133K | $16K | 5x | as long as short |
| Binance PROMUSDT | +0.0100% | 4h | 4.8480 | −0.062% | $15.5M | $9.3M | 50x | as long as short |
| MEXC PROM_USDT | +0.0100% | 4h | 4.8480 | −0.062% | $412K | $148K | 20x | as long as short |
| KuCoin PROMUSDTM | +0.0100% | 4h | 4.8559 | +0.101% | $1.1M | $106K | 30x | as long as short |
| Extended PROM-USD | +0.0104% | 1h | 4.8465 | −0.093% | $895 | — | 5x | as long as short |
| BingX PROM-USDT | +0.0204% | 4h | 4.8500 | −0.021% | — | $1.5M | — | as long as short |
| Bitget PROMUSDT | +0.0226% | 4h | 4.8560 | +0.103% | $4.2M | $528K | 10x | as long as short |
| Gate PROM_USDTshort | +0.1432% | 4h | 4.8560 | +0.103% | $745K | $1.2M | 50x |
Aster PROMUSDT
Binance PROMUSDT
MEXC PROM_USDT
KuCoin PROMUSDTM
Extended PROM-USD
BingX PROM-USDT
Bitget PROMUSDT