DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against BloFin0.000%7-day average −0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1611.607% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+1.076%+$108 · spread now 0.000%, 7d avg −0.103%

Together, before fees+1.101%+$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.103% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.103%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DRIFT-USDT	0.01787	0.0151	pay 0.0075% / 4h	28m 49s	$159K	$10K	20x
Short	BingX DRIFT-USDT	0.01787	0.0100	get 0.0050% / 4h	28m 49s	—	$6.6M	—

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 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 BloFinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.66
Price spread: 0.000% → −0.103%: $10.29
Slippage, 4 orders: −$138.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$161.07
Costs to cover: 1.607%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago	16.78 bp	40.6 bp −$41	164.7 bp −$1,647	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	8.48 bp	39.8 bp −$40	189.6 bp −$1,896	716.3 bp −$71.6K	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	−10.968%	—	$9K	5.5x	as long as short
Binance DRIFTUSDT	+0.0100%	4h	0.01787	+0.020%	$2.4M	$6.6M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01787	−0.017%	$2.4M	$2.8M	20x	as long as short
Gate DRIFT_USDT	+0.0100%	4h	0.01786	−0.056%	$126K	$237K	10x	as long as short
MEXC DRIFT_USDT	+0.0100%	4h	0.01784	−0.168%	$423K	$167K	20x	as long as short
KuCoin DRIFTUSDTM	+0.0100%	4h	0.01784	−0.168%	$693K	$122K	20x	as long as short
Bitget DRIFTUSDT	+0.0100%	4h	0.01784	−0.168%	$550K	$363K	10x	as long as short
BingX DRIFT-USDTshort	+0.0100%	4h	0.01787	0.000%	—	$6.6M	—
Variational Omni DRIFT	+0.0100%	4h	0.01770	−0.969%	$24K	$6K	—	as long as short
BloFin DRIFT-USDTlong	+0.0151%	4h	0.01787	long leg	$159K	$10K	20x