Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against BloFin+0.394%66s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as 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−$870.874% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.349%−$35 · spread now +0.394%, 7d avg −0.035%
=The price spread pays, funding is against you. BingX is 0.429% dearer against BloFin than usual: you sell high and buy low (spread +0.394% now, against its 7-day average of −0.035%): +$43 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 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 | BloFin ARKM-USDT | 0.1268 | 0.0118 | pay 0.0118% / 8h | 4m 13s | $144K | $73K | 50x |
| Short | BingX ARKM-USDT | 0.1273 | 0.0100 | get 0.0100% / 8h | 4m 13s | — | $2.5M | — |
BloFin ARKM-USDT
BingX ARKM-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
- −$3.81
- Price spread: +0.394% → −0.035%
- $42.88
- Slippage, 4 orders
- −$65.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$48.34
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 57 min ago; BingX: live order book, 5 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, 57 min ago | 3.97 bp | 17.6 bp −$18 | 35.6 bp −$356 | 439.0 bp −$43.9K | doesn't fit |
| Sell BingX live order book, 5 min ago | 7.87 bp | 21.7 bp −$22 | 69.3 bp −$693 | 330.0 bp −$33.0K | 473.4 bp −$236.7K |
ARKM on 13 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_ARKMUSD | −0.1907% | 1h | 0.1270 | +0.175% | $22K | $1K | 10x | as long as short |
| dYdX ARKM-USD | 0.0000% | 1h | 0.1271 | +0.238% | $7K | — | 5x | as long as short |
| Aster ARKMUSDT | +0.0100% | 8h | 0.1273 | +0.371% | $13K | $10K | 5x | as long as short |
| Binance ARKMUSDT | +0.0100% | 8h | 0.1272 | +0.315% | $2.7M | $9.7M | 50x | as long as short |
| Bybit ARKMUSDT | +0.0100% | 8h | 0.1272 | +0.276% | $2.4M | $2.2M | 50x | as long as short |
| OKX ARKM-USDT-SWAP | +0.0100% | 8h | 0.1272 | +0.276% | $785K | $2.4M | 20x | as long as short |
| Gate ARKM_USDT | +0.0100% | 8h | 0.1272 | +0.315% | $250K | $237K | 50x | as long as short |
| MEXC ARKM_USDT | +0.0100% | 8h | 0.1272 | +0.315% | $3.3M | $1.1M | 200x | as long as short |
| KuCoin ARKMUSDTM | +0.0100% | 8h | 0.1272 | +0.315% | $522K | $81K | 30x | as long as short |
| Bitget ARKMUSDT | +0.0100% | 8h | 0.1272 | +0.315% | $1.4M | $1.1M | 50x | as long as short |
Kraken Futures PF_ARKMUSD
dYdX ARKM-USD
Aster ARKMUSDT
Binance ARKMUSDT
Bybit ARKMUSDT
OKX ARKM-USDT-SWAP
Gate ARKM_USDT
MEXC ARKM_USDT
KuCoin ARKMUSDTM
Bitget ARKMUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ARKM-USDTshort | +0.0100% | 8h | 0.1273 | +0.394% | — | $2.5M | — | |
| Variational Omni ARKM | +0.0100% | 8h | 0.1269 | +0.050% | $9K | $18K | — | as long as short |
| BloFin ARKM-USDTlong | +0.0118% | 8h | 0.1268 | long leg | $144K | $73K | 50x |
Variational Omni ARKM