Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRnext payment −$1.52 per $10,000 · paid last 24h −0.025%
Price spread now: BloFin against BingX−0.141%66s7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$620.622% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.141%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.071% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.070%). 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 -0.116% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 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 FF-USDT | 0.1276 | 0.0100 | pay 0.0050% / 4h | 3h 20m | — | $6.7M | — |
| Short | BloFin FF-USDT | 0.1274 | −0.0204 | pay 0.0102% / 4h | 3h 20m | $2.3M | $306K | 20x |
BingX FF-USDT
BloFin FF-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
- −$63.8
- Price spread: −0.141% → −0.070%
- −$7.09
- Slippage, 4 orders
- −$40.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$133.06
- Costs to cover
- 0.622%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 3 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, 2 min ago | 2.74 bp | 17.2 bp −$17 | 56.3 bp −$563 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.78 bp | 10.3 bp −$10 | 22.3 bp −$223 | doesn't fit | doesn't fit |
FF 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin FF-USDTshort | −0.0204% | 4h | 0.1274 | −0.141% | $2.3M | $306K | 20x | |
| MEXC FF_USDT | −0.0170% | 4h | 0.1276 | −0.024% | $10.0M | $985K | 50x | as long as short |
| Binance FFUSDT | −0.0168% | 4h | 0.1276 | −0.019% | $43.2M | $21.5M | 20x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1277 | +0.084% | $1.2M | $17K | 5x | as long as short |
| Bybit FFUSDT | +0.0100% | 4h | 0.1277 | +0.031% | $14.4M | $5.7M | 20x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1278 | +0.118% | $26.9M | $1.7M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1278 | +0.165% | $8.6M | $5.3M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1277 | +0.039% | $18.6M | $1.4M | 5x | as long as short |
| BingX FF-USDTlong | +0.0100% | 4h | 0.1276 | long leg | — | $6.7M | — | |
| SunX FF-USDT | +0.0100% | 4h | 0.1273 | −0.290% | $1K | $1.4M | 20x | as long as short |
MEXC FF_USDT
Binance FFUSDT
Aster FFUSDT
Bybit FFUSDT
Gate FF_USDT
KuCoin FFUSDTM
Bitget FFUSDT
SunX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FF | +0.0288% | 1h | 0.1280 | +0.298% | $136K | $37K | 3x | as long as short |
Lighter FF