Funding you earn now, next payment 08:00 UTC+0.0754%/8h= +82.6% APRnext payment +$7.54 per $10,000 · paid last 24h +0.052%
Price spread now: BloFin against Bitget−0.081%85s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as 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−$400.401% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.081%, 7d avg −0.022%
=Funding pays, the price is against you. BloFin is 0.059% cheaper against Bitget than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.022%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.243% in total) that is about 41 hours. The two prices were read 85 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 0.243% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.54 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 | Bitget COINUSDT | 197.70 | −0.0634 | get 0.0634% / 8h | 5h 03m | $6.3M | $10.2M | 20x |
| Short | BloFin COIN-USDT | 197.54 | 0.0120 | get 0.0120% / 8h | 5h 03m | $189K | $390K | 20x |
Bitget COINUSDT
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $158.34
- Price spread: −0.081% → −0.022%
- −$5.93
- Slippage, 4 orders
- −$16.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $112.3
- Costs to cover
- 0.401%
- Break-even
- 2.0 days
Slippage from Bitget: live order book, 5 min ago; BloFin: 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 Bitget live order book, 5 min ago | 2.27 bp | 11.6 bp −$12 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 0.25 bp | 9.0 bp −$9 | 18.2 bp −$182 | 38.6 bp −$3,861 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTlong | −0.0634% | 8h | 197.70 | long leg | $6.3M | $10.2M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.86 | +0.081% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0201% | 8h | 197.63 | −0.035% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0084% | 1h | 197.14 | −0.283% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.87 | +0.088% | $349K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.61 | −0.044% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.56 | −0.071% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.61 | −0.046% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.61 | −0.046% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.65 | −0.027% | $685K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.10 | +0.201% | $16K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.62 | −0.040% | $1.3M | $3.4M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.41 | −0.145% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.49 | −0.106% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.85 | +0.076% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.49 | −0.106% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.52 | −0.091% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.55 | −0.076% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.65 | −0.025% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.60 | −0.051% | $995K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.05 | +0.177% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.64 | −0.030% | $572 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.53 | −0.084% | $117 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 197.54 | −0.081% | $189K | $390K | 20x | |
| Phoenix COIN | +0.0162% | 1h | 198.22 | +0.263% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0916% | 4h | 197.82 | +0.058% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC