Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against BingX−0.304%51s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as 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−$1051.046% of the position
Funding, last 7 days−0.452%−$45 on $10k
+Price spread, last 3 days (all we have)+0.391%+$39 · spread now −0.304%, 7d avg −0.013%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.292% cheaper against BingX than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 51 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 | BingX AXL-USDT | 0.05259 | 0.0070 | pay 0.0035% / 4h | 4m 23s | — | $2.3M | — |
| Short | BloFin AXL-USDT | 0.05243 | 0.0054 | get 0.0027% / 4h | 4m 23s | $121K | $11K | 50x |
BingX AXL-USDT
BloFin AXL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$3.3
- Price spread: −0.304% → −0.013%
- −$29.17
- Slippage, 4 orders
- −$82.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$137.07
- Costs to cover
- 1.046%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 56 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 BingX live order book, 3 min ago | 4.78 bp | 25.2 bp −$25 | 107.7 bp −$1,077 | 570.5 bp −$57.1K | 755.0 bp −$377.5K |
| Sell BloFin live order book, 56 min ago | 3.84 bp | 26.8 bp −$27 | 100.8 bp −$1,008 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin AXL-USDTshort | +0.0054% | 4h | 0.05243 | −0.304% | $121K | $11K | 50x | |
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05259 | long leg | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05271 | +0.220% | $35K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05259 | 0.000% | $1.9M | $4.1M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05267 | +0.152% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05259 | 0.000% | $344K | $163K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05259 | 0.000% | $441K | $94K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05263 | +0.076% | $578K | $293K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05242 | −0.318% | $6K | $23K | — | as long as short |
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL