Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.079%91s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as 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−$820.819% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.527%+$53 · spread now −0.079%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.085% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 91 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 EULUSDT | 1.4334 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $3.2M | $5.0M | 25x |
| Short | BloFin EUL-USDT | 1.4323 | 0.0043 | get 0.0022% / 4h | 1h 15m | $304K | $8K | 25x |
Binance EULUSDT
BloFin EUL-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
- −$11.96
- Price spread: −0.079% → +0.006%
- −$8.48
- Slippage, 4 orders
- −$59.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$102.31
- Costs to cover
- 0.819%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 24 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, 7 min ago | 0.35 bp | 15.6 bp −$16 | 141.5 bp −$1,415 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 0.70 bp | 17.8 bp −$18 | 60.1 bp −$601 | doesn't fit | doesn't fit |
EUL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EUL-USDTshort | +0.0043% | 4h | 1.4323 | −0.079% | $304K | $8K | 25x | |
| Aster EULUSDT | +0.0100% | 4h | 1.4355 | +0.143% | $36K | $8K | 5x | as long as short |
| Binance EULUSDTlong | +0.0100% | 4h | 1.4334 | long leg | $3.2M | $5.0M | 25x | |
| Bybit EULUSDT | +0.0100% | 4h | 1.4330 | −0.030% | $1.6M | $1.3M | 25x | as long as short |
| Gate EUL_USDT | +0.0100% | 4h | 1.4356 | +0.151% | $319K | $712K | 25x | as long as short |
| MEXC EUL_USDT | +0.0100% | 4h | 1.4323 | −0.079% | $493K | $124K | 20x | as long as short |
| Bitget EULUSDT | +0.0100% | 4h | 1.4350 | +0.109% | $2.2M | $290K | 25x | as long as short |
| BingX EUL-USDT | +0.0100% | 4h | 1.4325 | −0.065% | — | $6.6M | — | as long as short |
| Variational Omni EUL | +0.0100% | 4h | 1.4356 | +0.149% | $12K | $1K | — | as long as short |
| HTX EUL-USDT | +0.0100% | 4h | 1.4377 | +0.298% | $131K | $44K | 10x | as long as short |
Aster EULUSDT
Bybit EULUSDT
Gate EUL_USDT
MEXC EUL_USDT
Bitget EULUSDT
BingX EUL-USDT
Variational Omni EUL
HTX EUL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EULUSDC | +0.0103% | 4h | 1.4336 | +0.014% | $17K | $272K | 10x | as long as short |
| KuCoin EULUSDTM | +0.0514% | 4h | 1.4363 | +0.200% | $312K | $54K | 25x | as long as short |
edgeX EULUSDC
KuCoin EULUSDTM