Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.11 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Binance−0.347%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.481%+$48 · spread now −0.347%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.364% cheaper against Binance than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYBERUSDT | 0.3315 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $1.7M | $2.6M | 50x |
| Short | BloFin CYBER-USDT | 0.3303 | 0.0077 | get 0.0039% / 4h | 2h 50m | $111K | $3K | 50x |
Binance CYBERUSDT
BloFin CYBER-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
- −$4.79
- Price spread: −0.347% → +0.016%
- −$36.35
- Slippage, 4 orders
- −$80.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$143.2
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 64 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, 14 min ago | 2.97 bp | 27.3 bp −$27 | 139.4 bp −$1,394 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 64 min ago | 3.00 bp | 28.7 bp −$29 | 82.2 bp −$822 | doesn't fit | doesn't fit |
CYBER on 11 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_CYBERUSD | +0.0073% | 1h | 0.3304 | −0.307% | $10K | $4K | 10x | as long as short |
| BloFin CYBER-USDTshort | +0.0077% | 4h | 0.3303 | −0.347% | $111K | $3K | 50x | |
| Aster CYBERUSDT | +0.0100% | 4h | 0.3317 | +0.067% | $14K | $4K | 5x | as long as short |
| Binance CYBERUSDTlong | +0.0100% | 4h | 0.3315 | long leg | $1.7M | $2.6M | 50x | |
| Bybit CYBERUSDT | +0.0100% | 4h | 0.3318 | +0.105% | $964K | $562K | 25x | as long as short |
| Gate CYBER_USDT | +0.0100% | 8h | 0.3314 | −0.015% | $144K | $293K | 40x | as long as short |
| MEXC CYBER_USDT | +0.0100% | 4h | 0.3314 | −0.015% | $291K | $81K | 50x | as long as short |
| KuCoin CYBERUSDTM | +0.0100% | 4h | 0.3313 | −0.046% | $479K | $99K | 30x | as long as short |
| Bitget CYBERUSDT | +0.0100% | 4h | 0.3315 | +0.015% | $278K | $290K | 50x | as long as short |
| BingX CYBER-USDT | +0.0100% | 4h | 0.3307 | −0.227% | — | $2.3M | — | as long as short |
Kraken Futures PF_CYBERUSD
Aster CYBERUSDT
Bybit CYBERUSDT
Gate CYBER_USDT
MEXC CYBER_USDT
KuCoin CYBERUSDTM
Bitget CYBERUSDT
BingX CYBER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CYBER | +0.0100% | 4h | 0.3306 | −0.242% | $466 | $72 | — | as long as short |
Variational Omni CYBER