Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.110%
Price spread now: BloFin against BingX−0.156%7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$1821.823% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)−1.803%−$180 · spread now −0.156%, 7d avg +0.089%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.245% cheaper against BingX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALCH-USDT | 0.05134 | 0.0984 | pay 0.0492% / 4h | 50m 58s | — | $6.7M | — |
| Short | BloFin ALCH-USDT | 0.05126 | 0.0968 | get 0.0484% / 4h | 50m 58s | $404K | $113K | 10x |
BingX ALCH-USDT
BloFin ALCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$3.38
- Price spread: −0.156% → +0.089%
- −$24.51
- Slippage, 4 orders
- −$160.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$210.15
- Costs to cover
- 1.823%
- Break-even
- never at this rate
Slippage from BingX: live order book, 17 min ago; BloFin: live order book, 50 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 BingX live order book, 17 min ago | 9.73 bp | 48.4 bp −$48 | 359.4 bp −$3,594 | 678.8 bp −$67.9K | 843.5 bp −$421.7K |
| Sell BloFin live order book, 50 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 | −0.136% | $3.0M | $6.1M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05135 | +0.019% | $290K | $684K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05141 | +0.136% | $947K | $1.8M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05133 | −0.017% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.0957% | 4h | 0.05137 | +0.058% | $13K | $106K | 5x | as long as short |
| BloFin ALCH-USDTshort | +0.0968% | 4h | 0.05126 | −0.156% | $404K | $113K | 10x | |
| BingX ALCH-USDTlong | +0.0984% | 4h | 0.05134 | long leg | — | $6.7M | — | |
| Binance ALCHUSDT | +0.0993% | 4h | 0.05138 | +0.076% | $6.1M | $27.3M | 10x | as long as short |
| MEXC ALCH_USDT | +0.1000% | 4h | 0.05133 | −0.019% | $4.9M | $2.4M | 100x | as long as short |
| KuCoin ALCHUSDTM | +0.1282% | 4h | 0.05127 | −0.136% | $1.2M | $274K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
Binance ALCHUSDT
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 | +0.3902% | 1h | 0.05132 | −0.039% | $12K | $33K | 10x | as long as short |
Kraken Futures PF_ALCHUSD