Funding you earn now, next payment 08:00 UTC−0.0845%/8h= −92.5% APRnext payment −$8.45 per $10,000 · paid last 24h −0.052%
Price spread now: Bitget against BloFin+0.015%85s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as 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−$410.408% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.015%, 7d avg +0.026%
=The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. 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 −$8.45 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 COIN-USDT | 196.50 | 0.0120 | pay 0.0120% / 8h | 2h 03m | $185K | $422K | 20x |
| Short | Bitget COINUSDT | 196.53 | −0.0725 | pay 0.0725% / 8h | 2h 03m | $6.4M | $10.7M | 20x |
BloFin COIN-USDT
Bitget COINUSDTFunding 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
- −$177.45
- Price spread: +0.015% → +0.026%
- −$1.04
- Slippage, 4 orders
- −$16.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$219.29
- Costs to cover
- 0.408%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 22 min ago; Bitget: 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, 22 min ago | 0.51 bp | 8.4 bp −$8 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.29 bp | 11.2 bp −$11 | 21.5 bp −$215 | 115.6 bp −$11.6K | 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 COINUSDTshort | −0.0725% | 8h | 196.53 | +0.015% | $6.4M | $10.7M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.49 | −0.005% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0108% | 1h | 195.91 | −0.300% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0080% | 8h | 196.43 | −0.036% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.29 | −0.108% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.32 | −0.090% | $112K | $849K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.39 | −0.056% | $15.1M | $82.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.37 | −0.066% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.37 | −0.066% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.58 | +0.041% | $712K | $962K | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
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 | 196.59 | +0.046% | $13K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.31 | −0.097% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.45 | −0.025% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.53 | +0.015% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.29 | −0.107% | $15.3M | $13.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.29 | −0.107% | $128K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.34 | −0.081% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.27 | −0.117% | $451K | $2.9M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.47 | −0.015% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.12 | −0.193% | $988K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.39 | −0.056% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.42 | −0.041% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.40 | −0.051% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0120% | 1h | 196.33 | −0.088% | $380K | $2.3M | 10x | as long as short |
| BloFin COIN-USDTlong | +0.0120% | 8h | 196.50 | long leg | $185K | $422K | 20x | |
| edgeX COINUSDC | +0.0902% | 4h | 196.55 | +0.024% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
edgeX COINUSDC