Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.011%
Price spread now: BloFin against Binance+0.036%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.036%, 7d avg −0.010%
=The price spread pays, funding is against you. BloFin is 0.045% dearer against Binance than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.010%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.024% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance API3USDT | 0.2575 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $2.6M | $2.0M | 50x |
| Short | BloFin API3-USDT | 0.2576 | 0.0054 | get 0.0027% / 4h | 1h 57m | $137K | $35K | 50x |
Binance API3USDT
BloFin API3-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$9.76
- Price spread: +0.036% → −0.010%
- $4.54
- Slippage, 4 orders
- −$58.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$86.19
- Costs to cover
- 0.810%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 16 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 Binance live order book, 8 min ago | 1.94 bp | 22.2 bp −$22 | 142.7 bp −$1,427 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 1.94 bp | 14.8 bp −$15 | 51.9 bp −$519 | doesn't fit | doesn't fit |
API3 on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin API3-USDTshort | +0.0054% | 4h | 0.2576 | +0.036% | $137K | $35K | 50x | |
| Aster API3USDT | +0.0100% | 4h | 0.2574 | −0.034% | $3K | $3K | 5x | as long as short |
| Binance API3USDTlong | +0.0100% | 4h | 0.2575 | long leg | $2.6M | $2.0M | 50x | |
| Bybit API3USDT | +0.0100% | 4h | 0.2578 | +0.113% | $978K | $395K | 25x | as long as short |
| OKX API3-USDT-SWAP | +0.0100% | 4h | 0.2576 | +0.036% | $643K | $496K | 10x | as long as short |
| Gate API3_USDT | +0.0100% | 8h | 0.2577 | +0.074% | $131K | $80K | 50x | as long as short |
| MEXC API3_USDT | +0.0100% | 4h | 0.2575 | −0.003% | $462K | $249K | 50x | as long as short |
| KuCoin API3USDTM | +0.0100% | 4h | 0.2574 | −0.042% | $1.0M | $272K | 30x | as long as short |
| Bitget API3USDT | +0.0100% | 4h | 0.2575 | −0.003% | $662K | $200K | 20x | as long as short |
| BingX API3-USDT | +0.0100% | 4h | 0.2576 | +0.036% | — | $6.7M | — | as long as short |
Aster API3USDT
Bybit API3USDT
OKX API3-USDT-SWAP
Gate API3_USDT
MEXC API3_USDT
KuCoin API3USDTM
Bitget API3USDT
BingX API3-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni API3 | +0.0100% | 4h | 0.2576 | +0.031% | $6K | $1 | — | as long as short |
| Kraken Futures PF_API3USD | +0.0562% | 1h | 0.2576 | +0.033% | $13K | $2K | 10x | as long as short |
Variational Omni API3
Kraken Futures PF_API3USD