Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.061%
Price spread now: Bitget against BloFin+0.146%95s7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$930.925% of the position
Funding, last 7 days−0.285%−$29 on $10k
+Price spread, last 4 days (all we have)+0.678%+$68 · spread now +0.146%, 7d avg +0.100%
=The price spread pays, funding is against you. Bitget is 0.045% dearer against BloFin than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.100%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. The two prices were read 95 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 S-USDT | 0.04121 | 0.0340 | pay 0.0170% / 4h | 1h 31m | $283K | $106K | 75x |
| Short | Bitget SUSDT | 0.04127 | 0.0100 | get 0.0050% / 4h | 1h 31m | $1.2M | $2.1M | 50x |
BloFin S-USDT
Bitget SUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$50.4
- Price spread: +0.146% → +0.100%
- $4.53
- Slippage, 4 orders
- −$68.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$138.42
- Costs to cover
- 0.925%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; Bitget: live order book, 6 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, 8 min ago | 2.44 bp | 23.5 bp −$24 | 55.4 bp −$554 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 6.09 bp | 23.1 bp −$23 | 64.9 bp −$649 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.1432% | 1h | 0.03950 | −4.149% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1670% | 1h | 0.04115 | −0.150% | $34K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1456% | 1h | 0.04022 | −2.402% | $48K | $16K | 25x | as long as short |
| Variational Omni S | −0.0253% | 4h | 0.04099 | −0.541% | $637K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04116 | −0.119% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04121 | −0.011% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04117 | −0.095% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −0.510% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0067% | 4h | 0.04117 | −0.097% | $102K | $331K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04127 | +0.146% | $172K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04124 | +0.085% | $1.0M | $554K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04126 | +0.115% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04128 | +0.172% | $5.7M | $13.8M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04122 | +0.024% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04126 | +0.121% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04122 | +0.024% | $339K | $200K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04124 | +0.073% | $4.0M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04121 | 0.000% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDTshort | +0.0100% | 4h | 0.04127 | +0.146% | $1.2M | $2.1M | 50x | |
| BingX S-USDT | +0.0100% | 4h | 0.04124 | +0.073% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04110 | −0.267% | $25K | $448K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04126 | +0.129% | $234K | $1.1M | 10x | as long as short |
| BloFin S-USDTlong | +0.0340% | 4h | 0.04121 | long leg | $283K | $106K | 75x | |
| Deribit S_USDC-PERPETUAL | +0.0722% | 1h | 0.04121 | 0.000% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1623% | 1h | 0.04130 | +0.218% | $122K | $365K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP