Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance−0.078%91s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as 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−$1801.801% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−1.844%−$184 · spread now −0.078%, 7d avg −0.019%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.059% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.019%). Swap the legs. The two prices were read 91 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 | Binance ALCHUSDT | 0.05130 | 0.0980 | pay 0.0490% / 4h | 49m 44s | $6.1M | $27.3M | 10x |
| Short | BloFin ALCH-USDT | 0.05126 | 0.0968 | get 0.0484% / 4h | 49m 44s | $404K | $113K | 10x |
Binance ALCHUSDT
BloFin ALCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$2.55
- Price spread: −0.078% → −0.019%
- −$5.86
- Slippage, 4 orders
- −$158.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$188.51
- Costs to cover
- 1.801%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 51 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 Binance live order book, 7 min ago | 2.92 bp | 48.3 bp −$48 | 413.2 bp −$4,132 | 1165.1 bp −$116.5K | doesn't fit |
| Sell BloFin live order book, 51 min ago | 19.51 bp | 39.9 bp −$40 | 185.8 bp −$1,858 | doesn't fit | doesn't fit |
ALCH on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05127 | −0.058% | $3.0M | $6.1M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05134 | +0.078% | $290K | $684K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05136 | +0.117% | $946K | $1.8M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05133 | +0.060% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.0944% | 4h | 0.05135 | +0.097% | $13K | $106K | 5x | as long as short |
| BloFin ALCH-USDTshort | +0.0968% | 4h | 0.05126 | −0.078% | $404K | $113K | 10x | |
| BingX ALCH-USDT | +0.0970% | 4h | 0.05131 | +0.019% | — | $6.7M | — | as long as short |
| Binance ALCHUSDTlong | +0.0980% | 4h | 0.05130 | long leg | $6.1M | $27.3M | 10x | |
| MEXC ALCH_USDT | +0.0992% | 4h | 0.05130 | 0.000% | $4.9M | $2.4M | 100x | as long as short |
| KuCoin ALCHUSDTM | +0.1282% | 4h | 0.05128 | −0.039% | $1.2M | $274K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
BingX ALCH-USDT
MEXC ALCH_USDT
KuCoin ALCHUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSD | +0.3906% | 1h | 0.05127 | −0.061% | $12K | $33K | 10x | as long as short |
Kraken Futures PF_ALCHUSD