Funding you earn now, next payment 00:00 UTC+0.0119%/8h= +13.1% APRnext payment +$1.19 per $10,000 · paid last 24h −0.026%
Price spread now: BloFin against Binance+0.028%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.028%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 86,547.9 | 0.0076 | pay 0.0076% / 8h | 2m 29s | $9.45B | $24.54B | 150x |
| Short | BloFin BTC-USDT | 86,572.2 | 0.0195 | get 0.0195% / 8h | 2m 29s | $415.4M | $659.9M | 150x |
Binance BTCUSDT
BloFin BTC-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
- $25.06
- Price spread: +0.028% → −0.001%
- $2.93
- Slippage, 4 orders
- −$0.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $5.94
- Costs to cover
- 0.220%
- Break-even
- 5.3 days
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 7 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, 12 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.1 bp −$607 | 7.5 bp −$3,732 |
| Sell BloFin live order book, 7 min ago | 0.02 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.3 bp −$627 | 7.6 bp −$3,813 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,570 | +0.026% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,550 | +0.002% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,605 | +0.066% | $333K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,558.5 | +0.012% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,560.6 | +0.015% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,591.8 | +0.051% | $412K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,591.8 | +0.051% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0014% | 8h | 86,559.9 | +0.014% | $502.1M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0025% | 8h | 86,559.4 | +0.013% | $834.9M | $728.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0038% | 1h | 86,581.9 | +0.039% | $6.7M | $145.6M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0045% | 8h | 86,550.2 | +0.003% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0054% | 8h | 86,564.6 | +0.019% | $151.9M | $478.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0057% | 8h | 86,544.1 | −0.004% | $2.97B | $5.12B | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,559.6 | +0.013% | $17.0M | $21.2M | 50x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,564.8 | +0.020% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 86,551.2 | +0.004% | $5.16B | $5.70B | 500x | as long as short |
| Binance BTCUSDTlong | +0.0076% | 8h | 86,547.9 | long leg | $9.45B | $24.54B | 150x | |
| Gate BTC_USDT | +0.0082% | 8h | 86,550.4 | +0.003% | $5.85B | $10.82B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,567.9 | +0.023% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,571.6 | +0.027% | $23.8M | $153.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,554 | +0.007% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,551.5 | +0.004% | $5.27B | $9.79B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,530 | −0.021% | $197K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,590 | +0.049% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,550 | +0.002% | $21.8M | $234.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,630 | +0.095% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,589.3 | +0.048% | $41.1M | $538.1M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,563.2 | +0.018% | $2.55B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,564 | +0.019% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,582 | +0.039% | $7.0M | $96.7M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,557.9 | +0.012% | $38.0M | $155.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,474 | −0.085% | $157.6M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,494.6 | −0.062% | $279.4M | $947.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,495.7 | −0.060% | $217.1M | $171.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,506.3 | −0.048% | $141.8M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,564.6 | +0.019% | $30.7M | $207.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,619.2 | +0.082% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,580 | +0.037% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,580.1 | +0.037% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,569.1 | +0.024% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,609.1 | +0.071% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,604.4 | +0.065% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,567.1 | +0.022% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,567 | +0.022% | $60.5M | $338.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,559 | +0.013% | $2.30B | $968.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.110% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,521.5 | −0.030% | $45.8M | $225.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,591.8 | +0.051% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,585.8 | +0.044% | $193.6M | $953.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,601.8 | +0.062% | $132.2M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0161% | 1h | 86,537.6 | −0.012% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,594 | +0.053% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDTshort | +0.0195% | 8h | 86,572.2 | +0.028% | $415.4M | $659.9M | 150x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0225% | 1h | 86,580.4 | +0.038% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,604 | +0.065% | $10.3M | $754.9M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0249% | 1h | 86,613.2 | +0.075% | $912.9M | $1.49B | 50x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL