Funding you earn now, next payment 00:00 UTC−0.0343%/8h= −37.6% APRnext payment −$1.72 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against BingX+0.148%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1651.645% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)−1.318%−$132 · spread now +0.148%, 7d avg +0.060%
=The price spread pays, funding is against you. BloFin is 0.088% dearer against BingX than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.060%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.012% in total) that is about 52 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX B-USDT | 0.2032 | 0.1156 | pay 0.0578% / 4h | 9m 04s | — | $1.2M | — |
| Short | BloFin B-USDT | 0.2035 | 0.0813 | get 0.0406% / 4h | 9m 04s | $597K | $39K | 20x |
BingX B-USDT
BloFin B-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
- −$72.05
- Price spread: +0.148% → +0.060%
- $8.81
- Slippage, 4 orders
- −$142.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$227.76
- Costs to cover
- 1.645%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 2 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, 6 min ago | 31.95 bp | 55.8 bp −$56 | 208.3 bp −$2,083 | 850.0 bp −$85.0K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 4.92 bp | 26.5 bp −$27 | 90.4 bp −$904 | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0100% | 4h | 0.2032 | 0.000% | $3.5M | $600K | 20x | as long as short |
| KuCoin BUSDTM | +0.0434% | 4h | 0.2031 | −0.074% | $1.9M | $72K | 10x | as long as short |
| Bybit BUSDT | +0.0696% | 4h | 0.2032 | −0.005% | $1.7M | $977K | 13x | as long as short |
| edgeX BUSDC | +0.0741% | 4h | 0.2034 | +0.109% | $3K | $389K | 5x | as long as short |
| Extended B-USD | +0.0752% | 1h | 0.2032 | −0.019% | $15K | $117K | 5x | as long as short |
| MEXC B_USDT | +0.0752% | 4h | 0.2032 | 0.000% | $979K | $352K | 100x | as long as short |
| Binance BUSDT | +0.0755% | 4h | 0.2032 | 0.000% | $11.7M | $2.0M | 20x | as long as short |
| BloFin B-USDTshort | +0.0813% | 4h | 0.2035 | +0.148% | $597K | $39K | 20x | |
| BingX B-USDTlong | +0.1156% | 4h | 0.2032 | long leg | — | $1.2M | — | |
| Bitget BUSDT | +0.1236% | 4h | 0.2033 | +0.049% | $2.8M | $239K | 10x | as long as short |
Gate B_USDT
KuCoin BUSDTM
Bybit BUSDT
edgeX BUSDC
Extended B-USD
MEXC B_USDT
Binance BUSDT
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1450% | 4h | 0.2035 | +0.144% | $1.9M | $211K | 5x | as long as short |
Aster BUSDT