Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.079%
Price spread now: BingX against BloFin+0.042%81s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as 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−$790.789% of the position
Funding, last 7 days−0.563%−$56 on $10k
+Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.042%, 7d avg +0.016%
=The price spread pays, funding is against you. BingX is 0.026% dearer against BloFin than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.563% in total) that is about 8 hours. The two prices were read 81 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 | BloFin ETHFI-USDT | 0.7186 | 0.0150 | pay 0.0075% / 4h | 27m 43s | $1.3M | $288K | 75x |
| Short | BingX ETHFI-USDC | 0.7189 | 0.0100 | get 0.0050% / 4h | 27m 43s | — | $1.2M | — |
BloFin ETHFI-USDT
BingX ETHFI-USDCFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.53
- Price spread: +0.042% → +0.016%
- $2.58
- Slippage, 4 orders
- −$56.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$86.81
- Costs to cover
- 0.789%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; BingX: live order book, 2 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, 5 min ago | 0.69 bp | 12.8 bp −$13 | 22.1 bp −$221 | 73.5 bp −$7,352 | doesn't fit |
| Sell BingX live order book, 2 min ago | 1.39 bp | 29.5 bp −$29 | 93.4 bp −$934 | 581.4 bp −$58.1K | 743.3 bp −$371.6K |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0342% | 4h | 0.7170 | −0.223% | $83K | $164K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0306% | 1h | 0.7190 | +0.056% | $42K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0189% | 4h | 0.7187 | +0.014% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0015% | 8h | 0.7185 | −0.018% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.751% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0036% | 4h | 0.7186 | 0.000% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0036% | 4h | 0.7186 | 0.000% | $25.0M | $37.3M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7186 | −0.005% | $93K | $493K | 10x | as long as short |
| Aster ETHFIUSDT | +0.0068% | 4h | 0.7195 | +0.121% | $184K | $262K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7183 | −0.039% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7198 | +0.173% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7201 | +0.203% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7187 | +0.014% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7191 | +0.070% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7187 | +0.014% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7185 | −0.014% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7185 | −0.014% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDCshort | +0.0100% | 4h | 0.7189 | +0.042% | — | $1.2M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7193 | +0.093% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7190 | +0.061% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7189 | +0.042% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0150% | 4h | 0.7186 | long leg | $1.3M | $288K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.710% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0550% | 1h | 0.7199 | +0.181% | $277K | $161K | 20x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD