Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.28 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance−0.225%71s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$700.697% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)+0.416%+$42 · spread now −0.225%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.205% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.019%). Swap the legs. The two prices were read 71 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 DYDXUSDT | 0.1391 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $5.3M | $8.5M | 75x |
| Short | BloFin DYDX-USDT | 0.1388 | 0.0072 | get 0.0072% / 8h | 2h 34m | $302K | $16K | 75x |
Binance DYDXUSDT
BloFin DYDX-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
- −$5.8
- Price spread: −0.225% → −0.019%
- −$20.54
- Slippage, 4 orders
- −$47.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.05
- Costs to cover
- 0.697%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 50 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, 5 min ago | 3.61 bp | 23.6 bp −$24 | 86.3 bp −$863 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 3.63 bp | 10.1 bp −$10 | 37.6 bp −$376 | 260.4 bp −$26.0K | doesn't fit |
DYDX on 21 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 DYDX/USDC PERP | −0.0395% | 1h | 0.1385 | −0.440% | $6K | $51K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1391 | −0.009% | — | — | 25x | as long as short |
| BloFin DYDX-USDTshort | +0.0072% | 8h | 0.1388 | −0.225% | $302K | $16K | 75x | |
| Lighter DYDX | +0.0096% | 1h | 0.1392 | +0.048% | $64K | $46K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1393 | +0.163% | $2.1M | $723K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1391 | −0.006% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDTlong | +0.0100% | 8h | 0.1391 | long leg | $5.3M | $8.5M | 75x | |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1390 | −0.067% | $4.7M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1392 | +0.041% | $2.2M | $3.5M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1393 | +0.135% | $53K | $19K | 5x | as long as short |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Arcus DYDX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate DYDX_USDT | +0.0100% | 8h | 0.1391 | −0.009% | $394K | $489K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1391 | −0.009% | $3.4M | $815K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1392 | +0.063% | $2.4M | $4.1M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1391 | −0.009% | $1.4M | $1.2M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1391 | −0.009% | — | $8.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1392 | +0.039% | $3K | $109K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1391 | −0.003% | $50K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1391 | +0.024% | $944 | — | 100x | as long as short |
| Kraken Futures PF_DYDXUSD | +0.0349% | 1h | 0.1392 | +0.056% | $326K | $322K | 20x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0968% | 1h | 0.1390 | −0.081% | $17K | $29K | 50x | as long as short |
| dYdX DYDX-USD | +0.2516% | 1h | 0.1391 | −0.014% | $79K | $2K | 5x | as long as short |
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Kraken Futures PF_DYDXUSD
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD