Funding you earn now, next payment 23:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.019%
Price spread now: Coinbase International against BloFin−0.011%7-day average −0.292% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 3 days (all we have)−0.218%−$22 · spread now −0.011%, 7d avg −0.292%
=The price spread pays, funding is against you. Coinbase International is 0.281% dearer against BloFin than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.292%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.7 days. At the pace of the last 7 days (−0.056% in total) that is about 35 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BE-USDT | 274.16 | 0.0209 | pay 0.0209% / 8h | 40m 57s | $45K | $141K | 20x |
| Short | Coinbase International BE-PERP-INTX | 274.13 | 0.0088 | get 0.0011% / 1h | 40m 57s | $469K | $123K | 10x |
BloFin BE-USDT
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$25.5
- Price spread: −0.011% → −0.292%
- $28.11
- Slippage, 4 orders
- −$24.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$43.64
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 20 min ago; Coinbase International: live order book, 37 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, 20 min ago | 0.73 bp | 13.9 bp −$14 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 37 min ago | 5.86 bp | 10.9 bp −$11 | 18.5 bp −$185 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.64 | +0.175% | $345K | $118K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.13 | −0.011% | $2.0M | $1.2M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.00 | −0.058% | $1.5M | $3.7M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.03 | −0.047% | $1.7M | $2.7M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.16 | 0.000% | $1K | $2.6M | 10x | as long as short |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 274.13 | −0.011% | $7K | $4K | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.18 | +0.007% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.09 | −0.026% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.10 | −0.022% | $250K | $380K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.94 | −0.080% | $114K | $122K | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
Lighter BE
Lighter RH BE
Arcus BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BE-USD-PERP | +0.0046% | 1h | 274.26 | +0.036% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.22 | +0.022% | $5.9M | $2.9M | 10x | as long as short |
| QFEX BE-USD | +0.0073% | 1h | 274.11 | −0.018% | $1.3M | $3.8M | 10x | as long as short |
| Extended BE-USD | +0.0088% | 1h | 274.09 | −0.024% | $46K | $270K | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0088% | 1h | 274.13 | −0.011% | $469K | $123K | 10x | |
| Binance BEUSDT | +0.0089% | 8h | 274.15 | −0.004% | $8.5M | $37.0M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.05 | −0.040% | $370K | $23K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.12 | −0.013% | — | — | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0142% | 8h | 274.12 | −0.015% | $6K | $183K | 10x | as long as short |
| BloFin BE-USDTlong | +0.0209% | 8h | 274.16 | long leg | $45K | $141K | 20x | |
| OKX BE-USDT-SWAP | +0.0232% | 8h | 274.37 | +0.077% | $2.6M | $6.8M | 25x | as long as short |
Vest BE-USD-PERP
tradeXYZ xyz:BE
QFEX BE-USD
Extended BE-USD
Binance BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
GRVT BE_USDT_Perp
OKX BE-USDT-SWAP