Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BloFin−0.118%111s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$1261.264% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.118%, 7d avg −0.021%
=Funding pays, the price is against you. Binance is 0.097% cheaper against BloFin than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.021%). If the spread goes back, that is −$10 on $10k: about 5.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.013% in total) that is about 53 days. The two prices were read 111 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 AXL-USDT | 0.05194 | 0.0044 | pay 0.0022% / 4h | 1h 21m | $122K | $12K | 50x |
| Short | Binance AXLUSDT | 0.05188 | 0.0100 | get 0.0050% / 4h | 1h 21m | $1.8M | $4.1M | 50x |
BloFin AXL-USDT
Binance AXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $11.75
- Price spread: −0.118% → −0.021%
- −$9.69
- Slippage, 4 orders
- −$104.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$124.38
- Costs to cover
- 1.264%
- Break-even
- 81.1 days
Slippage from BloFin: live order book, 51 min ago; Binance: live order book, 16 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, 51 min ago | 1.92 bp | 32.8 bp −$33 | 88.8 bp −$888 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.93 bp | 29.5 bp −$30 | 127.7 bp −$1,277 | 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-USDTlong | +0.0044% | 4h | 0.05194 | long leg | $122K | $12K | 50x | |
| BingX AXL-USDT | +0.0070% | 4h | 0.05189 | −0.096% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05193 | −0.021% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDTshort | +0.0100% | 4h | 0.05188 | −0.118% | $1.8M | $4.1M | 50x | |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05189 | −0.096% | $1.4M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05190 | −0.077% | $347K | $161K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05190 | −0.077% | $435K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05190 | −0.077% | $572K | $301K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05183 | −0.215% | $6K | $24K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL