Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.076%
Price spread now: BingX against BloFin−0.303%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.303%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.275% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CASHCAT-USDT | 0.1652 | 0.1302 | pay 0.0651% / 4h | 1h 30m | $53K | $567K | 20x |
| Short | BingX CASHCAT-USDT | 0.1647 | 0.0952 | get 0.0476% / 4h | 1h 30m | — | $1.1M | — |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$73.52
- Price spread: −0.303% → −0.028%
- −$27.49
- Slippage, 4 orders
- −$70.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$193.22
- Costs to cover
- 0.922%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 min ago; BingX: live order book, 4 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, 55 min ago | 6.31 bp | 16.4 bp −$16 | 56.1 bp −$561 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 6.11 bp | 25.1 bp −$25 | 72.6 bp −$726 | 685.6 bp −$68.6K | 1186.0 bp −$593.0K |
CASHCAT on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CASHCAT | −0.0360% | 1h | 0.1645 | −0.430% | $1.1M | $1.8M | 3x | as long as short |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1648 | −0.224% | $341K | $959K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1650 | −0.139% | $45.1M | $20.3M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1647 | −0.297% | $1.5M | $2.0M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1646 | −0.381% | $578K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1650 | −0.126% | $1.1M | $1.8M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1644 | −0.496% | $75K | $59K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1648 | −0.218% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1648 | −0.242% | $494 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1647 | −0.324% | $20K | $291K | 10x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CASHCATUSDT | +0.0277% | 4h | 0.1650 | −0.133% | $12.3M | $19.2M | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0294% | 4h | 0.1650 | −0.145% | $8.2M | $527K | 20x | as long as short |
| Nado CASHCAT-PERP | +0.0308% | 1h | 0.1645 | −0.406% | $207K | $194K | 5x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1649 | −0.166% | $106K | $756K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0529% | 4h | 0.1646 | −0.342% | $50K | $169K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0734% | 1h | 0.1650 | −0.151% | $65K | $1.3M | 3x | as long as short |
| BingX CASHCAT-USDTshort | +0.0952% | 4h | 0.1647 | −0.303% | — | $1.1M | — | |
| Arcus CASHCAT-USD | +0.0990% | 1h | 0.1653 | +0.063% | $117K | $295K | 5x | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0999% | 4h | 0.1648 | −0.242% | $1.5M | $12.3M | 20x | as long as short |
| BloFin CASHCAT-USDTlong | +0.1302% | 4h | 0.1652 | long leg | $53K | $567K | 20x | |
| Aster CASHCATUSDT | +0.1539% | 1h | 0.1646 | −0.355% | $552K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1664 | +0.726% | $8K | $19K | 5.5x | as long as short |
BloFin CASHCAT-USDT
BingX CASHCAT-USDT
Lighter CASHCAT
Lighter RH CASHCAT
Hyperliquid CASHCAT
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
Bybit CASHCATUSDT
MEXC CASHCAT_USDT
Extended CASHCAT-USD
edgeX CASHCATUSDC
Polymarket Perps CASHCAT-USD
OKX CASHCAT-USDT-SWAP
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP