Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: BingX against BloFin−0.268%51s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as 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−$460.464% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.268%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.256% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 51 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 ALGO-USDT | 0.1118 | 0.0220 | pay 0.0220% / 8h | 3h 56m | $480K | $882K | 75x |
| Short | BingX ALGO-USDT | 0.1115 | 0.0100 | get 0.0100% / 8h | 3h 56m | — | $3.3M | — |
BloFin ALGO-USDT
BingX ALGO-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
- −$25.2
- Price spread: −0.268% → −0.012%
- −$25.64
- Slippage, 4 orders
- −$24.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$97.27
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; BingX: live order book, 4 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, 40 min ago | 0.46 bp | 10.3 bp −$10 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.67 bp | 14.7 bp −$15 | 30.8 bp −$308 | 200.3 bp −$20.0K | 705.4 bp −$352.7K |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0108% | 1h | 0.1116 | −0.232% | $88K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | −0.230% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.143% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | −0.161% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.179% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.259% | $9.7M | $34.3M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.349% | $11.2M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1116 | −0.206% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.384% | $862K | $900K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1116 | −0.197% | $23.1M | $3.1M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.224% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.304% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1115 | −0.268% | — | $3.3M | — | |
| Variational Omni ALGO | +0.0100% | 8h | 0.1121 | +0.206% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.063% | $60K | $136K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.036% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1116 | −0.240% | $4K | $231K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0131% | 1h | 0.1117 | −0.141% | $830K | $1.0M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1119 | +0.045% | $88K | $285K | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1118 | long leg | $480K | $882K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1115 | −0.259% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1162% | 1h | 0.1116 | −0.224% | $161K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD