Settings8H · net · $10k
Funding arb · Price arb /

BIRB

all BIRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.9% APRnext payment $0.22 per $10,000 · paid last 24h +0.932%
Price spread now: BloFin against Binance−0.272%71s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.853%+$85 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.272% cheaper against Binance than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.853%, so the current rate has only just turned against you. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BIRBUSDT0.068960.0100pay 0.0050% / 4h3h 58m$1.3M$1.9M50x
ShortBloFin BIRB-USDT0.068770.0056get 0.0028% / 4h3h 58m$83K$5K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$9.32
Price spread: −0.272% → 0.000%
−$27.16
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$58.48
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 6 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago2.90 bp31.6 bp −$32250.4 bp −$2,504doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BIRB on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BIRB-USDTshort+0.0056%4h0.06877−0.272%$83K$5K25x
Aster BIRBUSDT+0.0100%4h0.06888−0.115%$16K$17K5xas long as short
Binance BIRBUSDTlong+0.0100%4h0.06896long leg$1.3M$1.9M50x
Gate BIRB_USDT+0.0100%4h0.06894−0.025%$56K$60K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06889−0.098%$145K$98K50xas long as short
KuCoin BIRBUSDTM+0.0100%4h0.06895−0.011%$83K$39K20xas long as short
Bitget BIRBUSDT+0.0100%4h0.06900+0.062%$434K$173K20xas long as short
BingX BIRB-USDT+0.0914%4h0.06889−0.098%$743Kas long as short
Bybit BIRBUSDT+0.2113%4h0.06877−0.272%$636K$455K25xas long as short