DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against BingX+0.229%66s7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as 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−$1421.422% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 3 days (all we have)−0.594%−$59 · spread now +0.229%, 7d avg +0.111%

Together, before fees−0.619%−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.118% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.111%. The two prices were read 66 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	BingX DRIFT-USDT	0.01746	0.0100	pay 0.0050% / 4h	3h 42m	—	$6.6M	—
Short	BloFin DRIFT-USDT	0.01750	0.0109	get 0.0055% / 4h	3h 42m	$153K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now +0.229%Rate

Funding earned: $1.98
Price spread: +0.229% → +0.111%: $11.76
Slippage, 4 orders: −$120.15
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$128.41
Costs to cover: 1.422%
Break-even: 461.3 days

Slippage from BingX: live order book, 5 min ago; BloFin: 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 BingX live order book, 5 min ago	11.41 bp	43.1 bp −$43	179.3 bp −$1,793	729.6 bp −$73.0K	doesn't fit
Sell BloFin live order book, 14 min ago	8.64 bp	30.7 bp −$31	140.0 bp −$1,400	doesn't fit	doesn't fit

DRIFT on 10 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
Injective DRIFT/USDC PERP	+0.0033%	1h	0.01591	−8.877%	—	$9K	5.5x	as long as short
Binance DRIFTUSDT	+0.0100%	4h	0.01749	+0.172%	$2.3M	$6.8M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01746	0.000%	$2.4M	$2.9M	20x	as long as short
Gate DRIFT_USDT	+0.0100%	4h	0.01746	0.000%	$128K	$238K	10x	as long as short
MEXC DRIFT_USDT	+0.0100%	4h	0.01746	0.000%	$418K	$172K	20x	as long as short
KuCoin DRIFTUSDTM	+0.0100%	4h	0.01741	−0.286%	$688K	$128K	20x	as long as short
Bitget DRIFTUSDT	+0.0100%	4h	0.01746	0.000%	$539K	$360K	10x	as long as short
BingX DRIFT-USDTlong	+0.0100%	4h	0.01746	long leg	—	$6.6M	—
Variational Omni DRIFT	+0.0100%	4h	0.01755	+0.500%	$23K	$6K	—	as long as short
BloFin DRIFT-USDTshort	+0.0109%	4h	0.01750	+0.229%	$153K	$10K	20x