Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.017%
Price spread now: BloFin against BingX+0.152%96s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as 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−$540.540% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.152%, 7d avg +0.057%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.095% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.057%. The two prices were read 96 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 | BingX FET-USDT | 0.1980 | 0.0199 | pay 0.0199% / 8h | 2h 39m | — | $6.0M | — |
| Short | BloFin FET-USDT | 0.1983 | 0.0220 | get 0.0220% / 8h | 2h 39m | $1.7M | $3.2M | 100x |
BingX FET-USDT
BloFin FET-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
- $4.41
- Price spread: +0.152% → +0.057%
- $9.47
- Slippage, 4 orders
- −$32.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.14
- Costs to cover
- 0.540%
- Break-even
- 70.7 days
Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 4 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, 6 min ago | 5.03 bp | 10.0 bp −$10 | 16.3 bp −$163 | 107.8 bp −$10.8K | 405.3 bp −$202.7K |
| Sell BloFin live order book, 4 min ago | 2.51 bp | 22.2 bp −$22 | 29.3 bp −$293 | 73.8 bp −$7,384 | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.3266% | 1h | 0.1984 | +0.202% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1982 | +0.101% | $147K | $257K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1982 | +0.118% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.515% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1980 | −0.012% | $190K | $809K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1980 | −0.022% | $30.1M | $114.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1979 | −0.051% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1981 | +0.051% | $29.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1980 | 0.000% | $10.3M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1985 | +0.261% | $273K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1982 | +0.101% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1981 | +0.049% | $33K | $198K | 10x | as long as short |
| BingX FET-USDTlong | +0.0199% | 8h | 0.1980 | long leg | — | $6.0M | — | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1981 | +0.072% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0203% | 8h | 0.1981 | +0.051% | $16.0M | $11.9M | 75x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.1983 | +0.152% | $1.7M | $3.2M | 100x | |
| OKX FET-USDT-SWAP | +0.0355% | 4h | 0.1980 | 0.000% | $973K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0463% | 1h | 0.1984 | +0.206% | $966K | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1984 | +0.227% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0873% | 1h | 0.1983 | +0.136% | $8.4M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET