Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against BloFin+0.033%91s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as 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−$1171.166% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.033%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.054% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 91 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 BARD-USDT | 0.1355 | 0.0052 | pay 0.0026% / 4h | 1h 43m | $119K | $5K | 25x |
| Short | Binance BARDUSDT | 0.1355 | 0.0100 | get 0.0050% / 4h | 1h 43m | $2.2M | $1.8M | 25x |
BloFin BARD-USDT
Binance BARDUSDTFunding 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
- $10.15
- Price spread: +0.033% → −0.021%
- $5.43
- Slippage, 4 orders
- −$94.65
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$101.07
- Costs to cover
- 1.166%
- Break-even
- 76.7 days
Slippage from BloFin: live order book, 29 min ago; Binance: live order book, 6 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, 29 min ago | 3.69 bp | 37.9 bp −$38 | 140.3 bp −$1,403 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.69 bp | 32.5 bp −$33 | 220.9 bp −$2,209 | 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-USDTlong | +0.0052% | 4h | 0.1355 | long leg | $119K | $5K | 25x | |
| BingX BARD-USDT | +0.0070% | 4h | 0.1355 | 0.000% | — | $6.5M | — | as long as short |
| Aster BARDUSDT | +0.0100% | 4h | 0.1356 | +0.088% | $18K | $14K | 5x | as long as short |
| Binance BARDUSDTshort | +0.0100% | 4h | 0.1355 | +0.033% | $2.2M | $1.8M | 25x | |
| Bybit BARDUSDT | +0.0100% | 4h | 0.1356 | +0.037% | $1.0M | $306K | 25x | as long as short |
| OKX BARD-USDT-SWAP | +0.0100% | 4h | 0.1355 | 0.000% | $712K | $957K | 20x | as long as short |
| Gate BARD_USDT | +0.0100% | 4h | 0.1356 | +0.074% | $192K | $44K | 20x | as long as short |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1355 | 0.000% | $716K | $143K | 50x | as long as short |
| KuCoin BARDUSDTM | +0.0100% | 4h | 0.1354 | −0.059% | $96K | $67K | 25x | as long as short |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1356 | +0.074% | $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 | 0.1354 | −0.083% | $12K | $252 | — | as long as short |
| GRVT BARD_USDT_Perp | +0.0100% | 4h | 0.1354 | −0.043% | $136K | $518K | 10x | as long as short |
Variational Omni BARD
GRVT BARD_USDT_Perp