Funding you earn now, next payment 12:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against BingX+0.187%66s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as 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−$800.802% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.560%+$56 · spread now +0.187%, 7d avg +0.041%
=The price spread pays, funding is against you. BloFin is 0.146% dearer against BingX than usual: you sell high and buy low (spread +0.187% now, against its 7-day average of +0.041%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.004% in total) that is about 9 months. The two prices were read 66 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 | BingX ALT-USDT | 0.007494 | 0.0100 | pay 0.0050% / 4h | 3h 40m | — | $1.3M | — |
| Short | BloFin ALT-USDT | 0.007508 | 0.0072 | get 0.0036% / 4h | 3h 40m | $168K | $8K | 50x |
BingX ALT-USDT
BloFin ALT-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
- −$5.9
- Price spread: +0.187% → +0.041%
- $14.59
- Slippage, 4 orders
- −$58.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.46
- Costs to cover
- 0.802%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 25 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, 6 min ago | 4.66 bp | 23.6 bp −$24 | 62.1 bp −$621 | 601.7 bp −$60.2K | 822.5 bp −$411.2K |
| Sell BloFin live order book, 25 min ago | 2.00 bp | 15.5 bp −$16 | 52.1 bp −$521 | doesn't fit | doesn't fit |
ALT on 14 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 ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007496 | +0.027% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +2.629% | $837 | $22 | 5.5x | as long as short |
| BloFin ALT-USDTshort | +0.0072% | 4h | 0.007508 | +0.187% | $168K | $8K | 50x | |
| Hyperliquid ALT | +0.0100% | 1h | 0.007495 | +0.013% | $1.1M | $135K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007495 | +0.017% | $2.6M | $3.5M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007493 | −0.013% | $1.2M | $1.7M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007494 | 0.000% | $50K | $377K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007495 | +0.013% | $363K | $168K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007499 | +0.067% | $144K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007497 | +0.040% | $600K | $144K | 50x | as long as short |
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDTlong | +0.0100% | 4h | 0.007494 | long leg | — | $1.3M | — | |
| Variational Omni ALT | +0.0100% | 4h | 0.007489 | −0.070% | $4K | $14K | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0383% | 1h | 0.007498 | +0.054% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0576% | 1h | 0.007524 | +0.400% | $13K | $2K | 50x | as long as short |
Variational Omni ALT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX