Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance−0.117%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.117%, 7d avg +0.055%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.171% cheaper against Binance than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ATHUSDT | 0.005558 | 0.0100 | pay 0.0050% / 4h | 7m 01s | $3.4M | $3.8M | 50x |
| Short | BloFin ATH-USDT | 0.005552 | 0.0089 | get 0.0044% / 4h | 7m 01s | $171K | $68K | 75x |
Binance ATHUSDT
BloFin ATH-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
- −$2.41
- Price spread: −0.117% → +0.055%
- −$17.15
- Slippage, 4 orders
- −$82.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$123.62
- Costs to cover
- 1.041%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 62 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, 15 min ago | 0.90 bp | 29.0 bp −$29 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 3.60 bp | 29.3 bp −$29 | 69.4 bp −$694 | doesn't fit | doesn't fit |
ATH 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_ATHUSD | −0.3577% | 1h | 0.005551 | −0.139% | $19K | $106K | 10x | as long as short |
| Variational Omni ATH | −0.0016% | 4h | 0.005535 | −0.419% | $186K | $94K | — | as long as short |
| dYdX ATH-USD | 0.0000% | 1h | 0.005565 | +0.122% | $11K | $16 | 5x | as long as short |
| OKX ATH-USDT-SWAP | +0.0072% | 4h | 0.005542 | −0.297% | $702K | $1.2M | 20x | as long as short |
| BloFin ATH-USDTshort | +0.0089% | 4h | 0.005552 | −0.117% | $171K | $68K | 75x | |
| Aster ATHUSDT | +0.0100% | 4h | 0.005560 | +0.022% | $4K | $38K | 5x | as long as short |
| Binance ATHUSDTlong | +0.0100% | 4h | 0.005558 | long leg | $3.4M | $3.8M | 50x | |
| Bybit ATHUSDT | +0.0100% | 4h | 0.005545 | −0.243% | $4.4M | $2.3M | 25x | as long as short |
| Gate ATH_USDT | +0.0100% | 4h | 0.005552 | −0.117% | $792K | $521K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005558 | −0.009% | $9.0M | $589K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
OKX ATH-USDT-SWAP
Aster ATHUSDT
Bybit ATHUSDT
Gate ATH_USDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005555 | −0.063% | $567K | $78K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005550 | −0.153% | $1.6M | $813K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005553 | −0.099% | — | $21.3M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT