Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin−0.129%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1161.158% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.129%, 7d avg +0.018%
=Funding pays, the price is against you. Binance is 0.147% cheaper against BloFin than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of +0.018%). If the spread goes back, that is −$15 on $10k: about 31 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.012% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin C98-USDT | 0.01620 | 0.0084 | pay 0.0084% / 8h | 2h 38m | $131K | $18K | 50x |
| Short | Binance C98USDT | 0.01618 | 0.0100 | get 0.0100% / 8h | 2h 38m | $1.4M | $2.1M | 50x |
BloFin C98-USDT
Binance C98USDTFunding 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
- $3.32
- Price spread: −0.129% → +0.018%
- −$14.69
- Slippage, 4 orders
- −$93.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$127.2
- Costs to cover
- 1.158%
- Break-even
- 275.1 days
Slippage from BloFin: live order book, 32 min ago; Binance: live order book, 10 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, 32 min ago | 6.11 bp | 22.9 bp −$23 | 85.8 bp −$858 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 6.11 bp | 36.3 bp −$36 | 139.4 bp −$1,394 | doesn't fit | doesn't fit |
C98 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_C98USD | −0.0025% | 1h | 0.01617 | −0.188% | $17K | $2K | 10x | as long as short |
| BloFin C98-USDTlong | +0.0084% | 8h | 0.01620 | long leg | $131K | $18K | 50x | |
| Binance C98USDTshort | +0.0100% | 8h | 0.01618 | −0.129% | $1.4M | $2.1M | 50x | |
| Bybit C98USDT | +0.0100% | 8h | 0.01617 | −0.191% | $858K | $331K | 25x | as long as short |
| Gate C98_USDT | +0.0100% | 8h | 0.01626 | +0.370% | $105K | $47K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01616 | −0.247% | $279K | $105K | 100x | as long as short |
| KuCoin C98USDTM | +0.0100% | 8h | 0.01623 | +0.185% | $197K | $39K | 20x | as long as short |
| Bitget C98USDT | +0.0100% | 8h | 0.01617 | −0.185% | $190K | $352K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01622 | +0.139% | $8K | $202 | — | as long as short |
Kraken Futures PF_C98USD
Bybit C98USDT
Gate C98_USDT
MEXC C98_USDT
KuCoin C98USDTM
Bitget C98USDT
Variational Omni C98