Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Binance−0.033%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1171.165% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.033%, 7d avg +0.022%
=Funding pays, the price is against you. BloFin is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 4.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXLUSDT | 0.05248 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $1.9M | $4.0M | 50x |
| Short | BloFin AXL-USDT | 0.05246 | 0.0139 | get 0.0069% / 4h | 2h 50m | $124K | $11K | 50x |
Binance AXLUSDT
BloFin AXL-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
- $8.13
- Price spread: −0.033% → +0.022%
- −$5.52
- Slippage, 4 orders
- −$94.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$113.92
- Costs to cover
- 1.165%
- Break-even
- 105.1 days
Slippage from Binance: live order book, 1 min ago; BloFin: live order book, 65 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, 1 min ago | 1.91 bp | 26.5 bp −$26 | 135.5 bp −$1,355 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 4.76 bp | 26.4 bp −$26 | 90.2 bp −$902 | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDT | +0.0070% | 4h | 0.05247 | −0.014% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05243 | −0.094% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTlong | +0.0100% | 4h | 0.05248 | long leg | $1.9M | $4.0M | 50x | |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05246 | −0.033% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05248 | +0.005% | $331K | $161K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05239 | −0.166% | $444K | $95K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05242 | −0.109% | $568K | $300K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05240 | −0.153% | $6K | $23K | — | as long as short |
| BloFin AXL-USDTshort | +0.0139% | 4h | 0.05246 | −0.033% | $124K | $11K | 50x |
BingX AXL-USDT
Aster AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL