Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance−0.079%51s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$1191.194% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 3 days (all we have)+0.410%+$41 · spread now −0.079%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.100% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.021%). 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 | Binance BARDUSDT | 0.1355 | 0.0100 | pay 0.0050% / 4h | 2h 36m | $2.2M | $1.8M | 25x |
| Short | BloFin BARD-USDT | 0.1354 | 0.0060 | get 0.0030% / 4h | 2h 36m | $120K | $5K | 25x |
Binance BARDUSDT
BloFin BARD-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
- −$8.36
- Price spread: −0.079% → +0.021%
- −$9.98
- Slippage, 4 orders
- −$97.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$137.73
- Costs to cover
- 1.194%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 43 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, 13 min ago | 3.68 bp | 33.8 bp −$34 | 267.8 bp −$2,678 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 3.68 bp | 35.3 bp −$35 | 98.2 bp −$982 | doesn't fit | doesn't fit |
BARD on 12 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 BARD-USDTshort | +0.0060% | 4h | 0.1354 | −0.079% | $120K | $5K | 25x | |
| BingX BARD-USDT | +0.0070% | 4h | 0.1355 | −0.005% | — | $6.5M | — | as long as short |
| Aster BARDUSDT | +0.0100% | 4h | 0.1356 | +0.076% | $18K | $14K | 5x | as long as short |
| Binance BARDUSDTlong | +0.0100% | 4h | 0.1355 | long leg | $2.2M | $1.8M | 25x | |
| Bybit BARDUSDT | +0.0100% | 4h | 0.1357 | +0.135% | $1.0M | $307K | 25x | as long as short |
| OKX BARD-USDT-SWAP | +0.0100% | 4h | 0.1355 | −0.005% | $713K | $972K | 20x | as long as short |
| Gate BARD_USDT | +0.0100% | 4h | 0.1357 | +0.143% | $192K | $45K | 20x | as long as short |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1355 | −0.005% | $715K | $142K | 50x | as long as short |
| KuCoin BARDUSDTM | +0.0100% | 4h | 0.1353 | −0.182% | $96K | $67K | 25x | as long as short |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1355 | −0.005% | $1.0M | $173K | 20x | as long as short |
BingX BARD-USDT
Aster BARDUSDT
Bybit BARDUSDT
OKX BARD-USDT-SWAP
Gate BARD_USDT
MEXC BARD_USDT
KuCoin BARDUSDTM
Bitget BARDUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BARD | +0.0100% | 4h | 0.1357 | +0.132% | $12K | $252 | — | as long as short |
| GRVT BARD_USDT_Perp | +0.0100% | 4h | 0.1358 | +0.204% | $144K | $572K | 10x | as long as short |
Variational Omni BARD
GRVT BARD_USDT_Perp