Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against BloFin−0.108%71s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as 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−$410.407% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.108%, 7d avg −0.006%
=Funding pays, the price is against you. Binance is 0.103% cheaper against BloFin than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.006%). If the spread goes back, that is −$10 on $10k: about 19 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 7 months. The two prices were read 71 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 BTCDOM-USDT | 5,167.4 | 0.0082 | pay 0.0082% / 8h | 3h 56m | $1.3M | $271K | 20x |
| Short | Binance BTCDOMUSDT | 5,161.8 | 0.0100 | get 0.0100% / 8h | 3h 56m | $14.2M | $3.7M | 20x |
BloFin BTCDOM-USDT
Binance BTCDOMUSDTFunding 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
- $3.77
- Price spread: −0.108% → −0.006%
- −$10.26
- Slippage, 4 orders
- −$18.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.14
- Costs to cover
- 0.407%
- Break-even
- 94.4 days
Slippage from BloFin: live order book, 1 min ago; Binance: live order book, 14 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, 1 min ago | 0.97 bp | 11.6 bp −$12 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.19 bp | 6.3 bp −$6 | 13.4 bp −$134 | 128.7 bp −$12.9K | doesn't fit |
BTCDOM on 3 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 BTCDOM-USDTlong | +0.0082% | 8h | 5,167.4 | long leg | $1.3M | $271K | 20x | |
| Aster BTCDOMUSDT | +0.0100% | 8h | 5,162.7 | −0.092% | $630 | $3K | 5x | as long as short |
| Binance BTCDOMUSDTshort | +0.0100% | 8h | 5,161.8 | −0.108% | $14.2M | $3.7M | 20x |
Aster BTCDOMUSDT