Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against BloFin−0.209%81s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as 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−$960.960% of the position
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.209%, 7d avg +0.016%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.225% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.417%, so the current rate has only just turned against you. The two prices were read 81 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 | 0.05252 | 0.0081 | pay 0.0041% / 4h | 49m 58s | $122K | $10K | 50x |
| Short | BingX AXL-USDT | 0.05241 | 0.0070 | get 0.0035% / 4h | 49m 58s | — | $2.3M | — |
BloFin AXL-USDT
BingX AXL-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
- −$2.39
- Price spread: −0.209% → +0.016%
- −$22.54
- Slippage, 4 orders
- −$74.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$120.96
- Costs to cover
- 0.960%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 46 min ago; BingX: live order book, 13 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, 46 min ago | 3.79 bp | 21.8 bp −$22 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 5.72 bp | 28.5 bp −$29 | 107.1 bp −$1,071 | 598.0 bp −$59.8K | 812.6 bp −$406.3K |
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-USDTshort | +0.0070% | 4h | 0.05241 | −0.209% | — | $2.3M | — | |
| BloFin AXL-USDTlong | +0.0081% | 4h | 0.05252 | long leg | $122K | $10K | 50x | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05238 | −0.261% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05226 | −0.489% | $1.8M | $4.3M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05235 | −0.324% | $1.5M | $2.0M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05227 | −0.476% | $326K | $167K | 50x | as long as short |
| KuCoin AXLUSDTM | +0.0100% | 4h | 0.05238 | −0.267% | $440K | $93K | 30x | as long as short |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05239 | −0.248% | $572K | $314K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05240 | −0.236% | $6K | $23K | — | as long as short |
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
KuCoin AXLUSDTM
Bitget AXLUSDT
Variational Omni AXL