Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.012%
Price spread now: BloFin against Gate+0.031%48s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as 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−$480.485% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.031%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 48 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 | Gate COIN_USDT | 195.84 | 0 | get 0.0000% / 8h | 56m 25s | $1.2M | $7.3M | 50x |
| Short | BloFin COIN-USDT | 195.90 | 0.0120 | get 0.0120% / 8h | 56m 25s | $187K | $435K | 20x |
Gate COIN_USDT
BloFin COIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $25.2
- Price spread: +0.031% → −0.020%
- $5.02
- Slippage, 4 orders
- −$21.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.26
- Costs to cover
- 0.485%
- Break-even
- 12.1 days
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 24 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 Gate live order book, 2 min ago | 6.13 bp | 14.9 bp −$15 | 157.1 bp −$1,571 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 0.76 bp | 8.9 bp −$9 | 16.5 bp −$165 | doesn't fit | 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 COINUSDT | −0.0518% | 8h | 196.01 | +0.087% | $6.4M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.65 | −0.097% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0071% | 1h | 195.41 | −0.220% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.82 | −0.012% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.82 | −0.008% | $104K | $862K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.86 | +0.010% | $15.0M | $82.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.81 | −0.015% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.84 | 0.000% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 195.84 | long leg | $1.2M | $7.3M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 195.70 | −0.071% | $712K | $975K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
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 | 195.79 | −0.026% | $12K | $2.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.76 | −0.041% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.09 | +0.128% | $15K | $54K | 5x | as long as short |
| Lighter COIN | +0.0048% | 1h | 195.73 | −0.058% | $364K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.75 | −0.046% | $15.1M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.73 | −0.056% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.83 | −0.005% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.64 | −0.102% | $448K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.85 | +0.005% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.74 | −0.051% | $986K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.64 | −0.102% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.83 | −0.005% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.84 | +0.002% | $116 | — | 10x | as long as short |
| BloFin COIN-USDTshort | +0.0120% | 8h | 195.90 | +0.031% | $187K | $435K | 20x | |
| Phoenix COIN | +0.0163% | 1h | 195.86 | +0.010% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0364% | 4h | 195.73 | −0.054% | $50K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
Lighter COIN
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC