Funding you earn now, next payment 00:00 UTC−0.2454%/8h= −268.7% APRnext payment −$12.27 per $10,000 · paid last 24h −0.414%
Price spread now: BloFin against BingX−0.032%66s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as 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−$730.734% of the position
Funding, last 7 days−0.594%−$59 on $10k
+Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.032%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$74 a day on $10k at the current rate, and BloFin is 0.023% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.594% in total (about -31.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ESP-USDT | 0.09397 | 0.2564 | pay 0.1282% / 4h | 34m 09s | — | $1.7M | — |
| Short | BloFin ESP-USDT | 0.09394 | 0.0110 | get 0.0055% / 4h | 34m 09s | $120K | $35K | 25x |
BingX ESP-USDT
BloFin ESP-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$515.32
- Price spread: −0.032% → −0.009%
- −$2.33
- Slippage, 4 orders
- −$51.44
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$591.09
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; BloFin: live order book, 26 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, 13 min ago | 4.25 bp | 24.0 bp −$24 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 5.85 bp | 18.8 bp −$19 | 46.5 bp −$465 | doesn't fit | doesn't fit |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09393 | −0.038% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09397 | 0.000% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09406 | +0.096% | $594K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09401 | +0.043% | $169K | $610K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09395 | −0.021% | $1.2M | $105K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09400 | +0.032% | $1.5M | $52K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09406 | +0.100% | $946K | $126K | 20x | as long as short |
| edgeX ESPUSDC | +0.0109% | 4h | 0.09385 | −0.124% | $29K | $270K | 10x | as long as short |
| BloFin ESP-USDTshort | +0.0110% | 4h | 0.09394 | −0.032% | $120K | $35K | 25x | |
| BingX ESP-USDTlong | +0.2564% | 4h | 0.09397 | long leg | — | $1.7M | — |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ESPUSDT | +0.2583% | 4h | 0.09371 | −0.277% | $1.1M | $589K | 50x | as long as short |
Bybit ESPUSDT