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: Binance against BloFin+0.247%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.247% dearer against BloFin than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.853%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BIRB-USDT0.068770.0056pay 0.0028% / 4h3h 59m$83K$5K25x
ShortBinance BIRBUSDT0.068940.0100get 0.0050% / 4h3h 59m$1.3M$1.9M50x

Funding 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 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: +0.247% → 0.000%
$24.72
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
$12.04
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Binance: live order book, 5 min ago. 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 BloFin no order-book sample
Sell Binance live order book, 5 min ago2.90 bp30.5 bp −$31153.3 bp −$1,533doesn't fitdoesn't fit
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-USDTlong+0.0056%4h0.06877long leg$83K$5K25x
Aster BIRBUSDT+0.0100%4h0.06888+0.154%$16K$17K5xas long as short
Binance BIRBUSDTshort+0.0100%4h0.06894+0.247%$1.3M$1.9M50x
Bybit BIRBUSDT+0.0100%4h0.06876−0.015%$636K$455K25xas long as short
Gate BIRB_USDT+0.0100%4h0.06894+0.247%$56K$60K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06899+0.320%$145K$98K50xas long as short
KuCoin BIRBUSDTM+0.0100%4h0.06899+0.320%$83K$39K20xas long as short
Bitget BIRBUSDT+0.0100%4h0.06898+0.305%$434K$173K20xas long as short
BingX BIRB-USDT+0.0914%4h0.06888+0.160%$744Kas long as short