Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BloFin+0.039%71s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$530.527% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.039%, 7d avg +0.060%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.060%). Swap the legs. The two prices were read 71 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 FF-USDT | 0.1272 | −0.0188 | get 0.0094% / 4h | 1h 44m | $2.3M | $442K | 20x |
| Short | Binance FFUSDT | 0.1273 | −0.0200 | pay 0.0100% / 4h | 1h 44m | $43.0M | $51.3M | 20x |
BloFin FF-USDT
Binance FFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$2.5
- Price spread: +0.039% → +0.060%
- −$2.14
- Slippage, 4 orders
- −$30.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.3
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago | 0.79 bp | 11.3 bp −$11 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.39 bp | 15.3 bp −$15 | 43.6 bp −$436 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FFUSDTshort | −0.0200% | 4h | 0.1273 | +0.039% | $43.0M | $51.3M | 20x | |
| MEXC FF_USDT | −0.0198% | 4h | 0.1273 | +0.063% | $10.0M | $3.6M | 50x | as long as short |
| BloFin FF-USDTlong | −0.0188% | 4h | 0.1272 | long leg | $2.3M | $442K | 20x | |
| Bybit FFUSDT | +0.0040% | 4h | 0.1273 | +0.063% | $14.3M | $13.0M | 20x | as long as short |
| Lighter FF | +0.0096% | 1h | 0.1277 | +0.369% | $135K | $65K | 3x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1274 | +0.141% | $1.2M | $33K | 5x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1275 | +0.220% | $26.9M | $3.5M | 50x | as long as short |
| KuCoin FFUSDTM | +0.0100% | 4h | 0.1276 | +0.299% | $8.6M | $6.7M | 20x | as long as short |
| Bitget FFUSDT | +0.0100% | 4h | 0.1275 | +0.196% | $18.5M | $4.8M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1274 | +0.094% | — | $7.1M | — | as long as short |
MEXC FF_USDT
Bybit FFUSDT
Lighter FF
Aster FFUSDT
Gate FF_USDT
KuCoin FFUSDTM
Bitget FFUSDT
BingX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX FF-USDT | +0.0100% | 4h | 0.1273 | +0.016% | $2K | $2.8M | 20x | as long as short |
SunX FF-USDT