Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BloFin+0.493%61s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as 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−$1621.624% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+1.429%+$143 · spread now +0.493%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.473% dearer against BloFin than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 61 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 | BloFin ALCH-USDT | 0.05073 | 0.0799 | pay 0.0400% / 4h | 0m 14s | $395K | $113K | 10x |
| Short | Binance ALCHUSDT | 0.05098 | 0.0824 | get 0.0412% / 4h | 0m 14s | $6.0M | $27.5M | 10x |
BloFin ALCH-USDT
Binance ALCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $5.07
- Price spread: +0.493% → +0.019%
- $47.34
- Slippage, 4 orders
- −$140.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$110.02
- Costs to cover
- 1.624%
- Break-even
- 158.9 days
Slippage from BloFin: live order book, 35 min ago; Binance: live order book, 11 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, 35 min ago | 3.91 bp | 43.3 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 4.92 bp | 43.9 bp −$44 | 257.7 bp −$2,577 | 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 | 0.05091 | +0.355% | $3.0M | $6.2M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05100 | +0.532% | $291K | $690K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05103 | +0.591% | $900K | $1.8M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05080 | +0.140% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.0757% | 4h | 0.05083 | +0.203% | $12K | $109K | 5x | as long as short |
| BingX ALCH-USDT | +0.0780% | 4h | 0.05095 | +0.434% | — | $6.7M | — | as long as short |
| BloFin ALCH-USDTlong | +0.0799% | 4h | 0.05073 | long leg | $395K | $113K | 10x | |
| Binance ALCHUSDTshort | +0.0824% | 4h | 0.05098 | +0.493% | $6.0M | $27.5M | 10x | |
| MEXC ALCH_USDT | +0.0826% | 4h | 0.05091 | +0.355% | $4.9M | $2.4M | 100x | as long as short |
| KuCoin ALCHUSDTM | +0.1410% | 4h | 0.05078 | +0.099% | $1.2M | $272K | 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 | +0.3935% | 1h | 0.05088 | +0.294% | $12K | $34K | 10x | as long as short |
Kraken Futures PF_ALCHUSD