Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against BloFin−0.197%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$960.959% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 3 days (all we have)+0.242%+$24 · spread now −0.197%, 7d avg +0.005%
=Funding pays, the price is against you. Binance is 0.203% cheaper against BloFin than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of +0.005%). If the spread goes back, that is −$20 on $10k: about 11 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.023% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin API3-USDT | 0.2607 | 0.0040 | pay 0.0020% / 4h | 2h 56m | $138K | $27K | 50x |
| Short | Binance API3USDT | 0.2602 | 0.0100 | get 0.0050% / 4h | 2h 56m | $2.7M | $2.0M | 50x |
BloFin API3-USDT
Binance API3USDTFunding 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
- $12.57
- Price spread: −0.197% → +0.005%
- −$20.25
- Slippage, 4 orders
- −$73.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$103.61
- Costs to cover
- 0.959%
- Break-even
- 64.7 days
Slippage from BloFin: live order book, 59 min ago; Binance: live order book, 9 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, 59 min ago | 1.91 bp | 26.9 bp −$27 | 89.1 bp −$891 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.90 bp | 31.3 bp −$31 | 104.6 bp −$1,046 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_API3USD | −0.0556% | 1h | 0.2609 | +0.071% | $13K | $2K | 10x | as long as short |
| BloFin API3-USDTlong | +0.0040% | 4h | 0.2607 | long leg | $138K | $27K | 50x | |
| Aster API3USDT | +0.0100% | 4h | 0.2605 | −0.071% | $2K | $5K | 5x | as long as short |
| Binance API3USDTshort | +0.0100% | 4h | 0.2602 | −0.197% | $2.7M | $2.0M | 50x | |
| Bybit API3USDT | +0.0100% | 4h | 0.2602 | −0.192% | $985K | $390K | 25x | as long as short |
| OKX API3-USDT-SWAP | +0.0100% | 4h | 0.2597 | −0.384% | $648K | $517K | 10x | as long as short |
| Gate API3_USDT | +0.0100% | 8h | 0.2606 | −0.038% | $129K | $94K | 50x | as long as short |
| MEXC API3_USDT | +0.0100% | 4h | 0.2603 | −0.153% | $460K | $252K | 50x | as long as short |
| KuCoin API3USDTM | +0.0100% | 4h | 0.2602 | −0.192% | $1.0M | $271K | 30x | as long as short |
| Bitget API3USDT | +0.0100% | 4h | 0.2599 | −0.307% | $659K | $204K | 20x | as long as short |
Kraken Futures PF_API3USD
Aster API3USDT
Bybit API3USDT
OKX API3-USDT-SWAP
Gate API3_USDT
MEXC API3_USDT
KuCoin API3USDTM
Bitget API3USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX API3-USDT | +0.0100% | 4h | 0.2601 | −0.230% | — | $6.7M | — | as long as short |
| Variational Omni API3 | +0.0100% | 4h | 0.2613 | +0.232% | $6K | $1 | — | as long as short |
BingX API3-USDT
Variational Omni API3