Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance−0.135%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 3 days (all we have)+0.360%+$36 · spread now −0.135%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.187% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APRUSDT | 0.1479 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $6.8M | $5.3M | 50x |
| Short | BloFin APR-USDT | 0.1477 | 0.0046 | get 0.0023% / 4h | 2h 49m | $288K | $110K | 50x |
Binance APRUSDT
BloFin APR-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
- −$11.35
- Price spread: −0.135% → +0.052%
- −$18.71
- Slippage, 4 orders
- −$111.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$163.88
- Costs to cover
- 1.338%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 13 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, 5 min ago | 6.78 bp | 33.2 bp −$33 | 221.4 bp −$2,214 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 3.39 bp | 26.7 bp −$27 | 79.6 bp −$796 | doesn't fit | doesn't fit |
APR 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 APR-USDTshort | +0.0046% | 4h | 0.1477 | −0.135% | $288K | $110K | 50x | |
| Binance APRUSDTlong | +0.0100% | 4h | 0.1479 | long leg | $6.8M | $5.3M | 50x | |
| Bybit APRUSDT | +0.0100% | 4h | 0.1478 | −0.068% | $1.5M | $671K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1478 | −0.068% | $365K | $174K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1478 | −0.061% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0277% | 4h | 0.1480 | +0.068% | $19K | $57K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0292% | 4h | 0.1481 | +0.135% | $1.2M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0432% | 4h | 0.1478 | −0.068% | — | $1.4M | — | as long as short |
| Gate APR_USDT | +0.0434% | 4h | 0.1474 | −0.325% | $686K | $169K | 25x | as long as short |
| Bitget APRUSDT | +0.0452% | 4h | 0.1477 | −0.128% | $4.0M | $907K | 50x | as long as short |
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
OKX APR-USDT-SWAP
BingX APR-USDT
Gate APR_USDT
Bitget APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0815% | 4h | 0.1476 | −0.203% | $72K | $100K | 5x | as long as short |
| KuCoin APRUSDTM | +0.1230% | 4h | 0.1476 | −0.176% | $2.3M | $322K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM