Funding you earn now, next payment 04:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against Binance−0.143%111s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as 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−$1181.182% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.610%−$61 · spread now −0.143%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.147% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 111 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 | Binance CFGUSDT | 0.1401 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $3.1M | $8.1M | 50x |
| Short | BloFin CFG-USDT | 0.1399 | 0.0059 | get 0.0030% / 4h | 1h 13m | $204K | $34K | 50x |
Binance CFGUSDT
BloFin CFG-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
- −$8.56
- Price spread: −0.143% → +0.004%
- −$14.69
- Slippage, 4 orders
- −$96.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$141.49
- Costs to cover
- 1.182%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 25 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, 11 min ago | 3.57 bp | 31.8 bp −$32 | 153.1 bp −$1,531 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 7.19 bp | 33.7 bp −$34 | 91.4 bp −$914 | doesn't fit | doesn't fit |
CFG on 12 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_CFGUSD | −0.2236% | 1h | 0.1399 | −0.154% | $11K | $5K | 10x | as long as short |
| BloFin CFG-USDTshort | +0.0059% | 4h | 0.1399 | −0.143% | $204K | $34K | 50x | |
| Aster CFGUSDT | +0.0100% | 4h | 0.1400 | −0.058% | $11K | $64K | 10x | as long as short |
| Binance CFGUSDTlong | +0.0100% | 4h | 0.1401 | long leg | $3.1M | $8.1M | 50x | |
| Bybit CFGUSDT | +0.0100% | 4h | 0.1399 | −0.143% | $2.0M | $2.0M | 25x | as long as short |
| Gate CFG_USDT | +0.0100% | 4h | 0.1402 | +0.042% | $556K | $351K | 20x | as long as short |
| MEXC CFG_USDT | +0.0100% | 4h | 0.1400 | −0.072% | $375K | $149K | 20x | as long as short |
| KuCoin CFGUSDTM | +0.0100% | 4h | 0.1400 | −0.072% | $432K | $139K | 20x | as long as short |
| Bitget CFGUSDT | +0.0100% | 4h | 0.1402 | +0.050% | $989K | $894K | 20x | as long as short |
| BingX CFG-USDT | +0.0100% | 4h | 0.1401 | 0.000% | — | $1.7M | — | as long as short |
Kraken Futures PF_CFGUSD
Aster CFGUSDT
Bybit CFGUSDT
Gate CFG_USDT
MEXC CFG_USDT
KuCoin CFGUSDTM
Bitget CFGUSDT
BingX CFG-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CFG-USDT | +0.0100% | 4h | 0.1397 | −0.286% | $1K | $1.2M | 20x | as long as short |
| Extended CFG-USD | +0.0104% | 1h | 0.1400 | −0.037% | $30K | $294K | 5x | as long as short |
SunX CFG-USDT
Extended CFG-USD