Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.110%
Price spread now: BingX against BloFin−0.137%81s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as 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−$1911.906% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+1.402%+$140 · spread now −0.137%, 7d avg −0.087%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.087%). Swap the legs. The two prices were read 81 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 | 0.05097 | 0.0698 | pay 0.0349% / 4h | 3h 07m | $386K | $115K | 10x |
| Short | BingX ALCH-USDT | 0.05090 | 0.0638 | get 0.0319% / 4h | 3h 07m | — | $6.7M | — |
BloFin ALCH-USDT
BingX ALCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$12.67
- Price spread: −0.137% → −0.087%
- −$5.06
- Slippage, 4 orders
- −$168.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$208.38
- Costs to cover
- 1.906%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 23 min ago; BingX: live order book, 14 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, 23 min ago | 5.95 bp | 34.3 bp −$34 | 165.2 bp −$1,652 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 7.92 bp | 54.0 bp −$54 | 218.4 bp −$2,184 | 685.9 bp −$68.6K | 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 | 0.05086 | −0.216% | $2.9M | $6.2M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05087 | −0.196% | $288K | $709K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05095 | −0.039% | $903K | $1.9M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05101 | +0.070% | $4K | $18K | — | as long as short |
| Aster ALCHUSDT | +0.0564% | 4h | 0.05087 | −0.206% | $11K | $112K | 5x | as long as short |
| BingX ALCH-USDTshort | +0.0638% | 4h | 0.05090 | −0.137% | — | $6.7M | — | |
| MEXC ALCH_USDT | +0.0676% | 4h | 0.05097 | 0.000% | $5.0M | $2.5M | 100x | as long as short |
| Binance ALCHUSDT | +0.0677% | 4h | 0.05089 | −0.157% | $6.0M | $27.8M | 10x | as long as short |
| BloFin ALCH-USDTlong | +0.0698% | 4h | 0.05097 | long leg | $386K | $115K | 10x | |
| KuCoin ALCHUSDTM | +0.1194% | 4h | 0.05086 | −0.216% | $1.2M | $273K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
MEXC ALCH_USDT
Binance ALCHUSDT
KuCoin ALCHUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSD | +0.3083% | 1h | 0.05086 | −0.225% | $13K | $34K | 10x | as long as short |
Kraken Futures PF_ALCHUSD